Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31No description of principal activityfalse11true2023-06-0119falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10073599 2023-06-01 2024-05-31 10073599 2022-06-01 2023-05-31 10073599 2024-05-31 10073599 2023-05-31 10073599 c:Director5 2023-06-01 2024-05-31 10073599 d:CurrentFinancialInstruments 2024-05-31 10073599 d:CurrentFinancialInstruments 2023-05-31 10073599 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10073599 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10073599 d:ShareCapital 2024-05-31 10073599 d:ShareCapital 2023-05-31 10073599 c:FRS102 2023-06-01 2024-05-31 10073599 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10073599 c:FullAccounts 2023-06-01 2024-05-31 10073599 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10073599 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 10073599










FRUFC TRADING LIMITED








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2024

 
FRUFC TRADING LIMITED
Registered number: 10073599

Balance Sheet
As at 31 May 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
7,727
5,661

Debtors: amounts falling due within one year
 5 
28,567
25,683

Cash at bank and in hand
 6 
14,655
6,469

  
50,949
37,813

Creditors: amounts falling due within one year
 7 
(50,948)
(37,812)

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




S Hughes
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
FRUFC TRADING LIMITED
Registered number: 10073599
    
Balance Sheet (continued)
As at 31 May 2024


Page 2

 
FRUFC TRADING LIMITED
 
 
 
Notes to the Financial Statements
For the year ended 31 May 2024

1.


General information

FRUFC Trading Limited is a limited liability company incorporated and domiciled in England and Wales. The address of the registered office is The Club House, Wilkinson Way, Monkton Lane, Farnham, Surrey, GU9 9FA, which is the same as its main place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company conducts trading activity for and on behalf of its parent entity. As such the Company's ability to continue as a going concern is linked to the continued operation of the Club. The directors have reviewed the current and expected membership levels and are confident that the Club will continue to operate for a period of at least twelve months from the date of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. represents sales of goods and use of assets owned by the Club and arises from continuing activities in the UK. 
Revenue from trading activities which comprises sales of goods and rental of the clubs assets is recognised on an accruals basis when the goods are sold or when services are performed.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
FRUFC TRADING LIMITED
 
 
 
Notes to the Financial Statements
For the year ended 31 May 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Club only enters into basic financial insrtument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties,loans to related parties and investments in ordinary shares.



3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
19
11

Page 4

 
FRUFC TRADING LIMITED
 
 
 
Notes to the Financial Statements
For the year ended 31 May 2024

4.


Stocks

2024
2023
£
£

Bar Stock for resale
7,727
5,661



5.


Debtors

2024
2023
£
£


Trade debtors
1,425
1,768

Amounts owed by group undertakings
27,141
23,914

Called up share capital not paid
1
1

28,567
25,683



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,655
6,469



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29,981
20,749

Other taxation and social security
437
718

Other creditors
15,710
15,160

Accruals and deferred income
4,820
1,185

50,948
37,812



8.


Related party transactions

Farnham Rugby Union Football Club Limited, the Company's parent, charged the Company administration and facilities costs of £55,493 (2023: £49,494). The Company also paid a donation of £7,345 (2023: £7,781) to Farnham Rugby Union Football Club Limited. At 31 May 2024, an amount of £27,142 was due from Farnham Rugby Union Football Club Limited (2023: £23,914 was due from Farnham Rugby Union Football Club Limited). The balance is interest free and reayable on demand.

Page 5

 
FRUFC TRADING LIMITED
 
 
 
Notes to the Financial Statements
For the year ended 31 May 2024

9.


Controlling party

The Company's immediate and ultimate parent undertaking is Farnham Rugby Union Football Club Limited. 
Farnham Rugby Union Football Club Limited is the parent of the smallest and largest group that prepares consolidated financial statements which include the Company. Copies of the consolidated financial statements are available from the Company's registered office or from the Companies House website.
The directors believe that there is no ultimate controlling party as the Club is controlled equally by all of its members.

 
Page 6