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Registered number: 00168812
Stafford Rangers Football Club Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00168812
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 972,741 994,279
972,741 994,279
CURRENT ASSETS
Stocks 7,688 8,989
Debtors 5 69,663 22,023
Cash at bank and in hand 21,752 25,119
99,103 56,131
Creditors: Amounts Falling Due Within One Year 6 (155,673 ) (113,592 )
NET CURRENT ASSETS (LIABILITIES) (56,570 ) (57,461 )
TOTAL ASSETS LESS CURRENT LIABILITIES 916,171 936,818
Creditors: Amounts Falling Due After More Than One Year 7 (192,721 ) (206,977 )
NET ASSETS 723,450 729,841
CAPITAL AND RESERVES
Called up share capital 9 297,124 291,369
Share premium account 47,124 41,369
Revaluation reserve 11 679,140 679,140
Profit and Loss Account (299,938 ) (282,037 )
SHAREHOLDERS' FUNDS 723,450 729,841
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Hayne
Director
1 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stafford Rangers Football Club Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Football club gate receipts
Gate and other match day revenues are recognised over the period of the football season as games are played.
Sponsorship income
Sponsorship and similar commercial income is recognised over the period in which the sponsorship is provided.
Social club income
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods has transferred to the buyer. This is usually at the point that the customer has paid for the goods.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on reducing balance - Football Club
Freehold property - 2% on reducing balance - Social Club 
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairmnet losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
2.4. Stocks and Work in Progress
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell.  Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula.  Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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2.7. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2023: 34)
33 34
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 July 2023 1,101,973 209,264 1,311,237
As at 30 June 2024 1,101,973 209,264 1,311,237
Depreciation
As at 1 July 2023 150,159 166,799 316,958
Provided during the period 11,741 9,797 21,538
As at 30 June 2024 161,900 176,596 338,496
Net Book Value
As at 30 June 2024 940,073 32,668 972,741
As at 1 July 2023 951,814 42,465 994,279
Included in cost or valuation of land and buildings is freehold land of £738,000 (2023 - £738,000) which is not depreciated.
Cost or valuation as at 30 June 2024 represented by:
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
At cost 422,833 103,194 106,070 632,097
At valuation 679,140 - - 679,140
1,101,973 103,194 106,070 1,311,237
Freehold land and property were valued on an open market basis on 29 June 2006 by Fraser Wood.
The directors consider the valuation of land and buildings as currently shown in the accounts, accurately reflects their current market value.
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Land & Property
Freehold
£
Cost 738,000
Page 4
Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 59,577 11,341
Prepayments and accrued income 6,070 6,750
Other debtors 4,016 3,932
69,663 22,023
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,717 19,797
Bank loans and overdrafts 18,007 17,555
Other taxes and social security 297 2,019
VAT 14,517 11,297
Other creditors 12,043 13,112
Pension creditor 731 735
Accruals and deferred income 71,629 37,986
Government grants within one year 3,996 5,033
Directors' loan accounts 5,736 6,058
155,673 113,592
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 94,474 109,647
Other creditors 19,480 21,168
Government grants after one year 24,379 28,375
Directors loan account 54,388 47,787
192,721 206,977
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 40,302 56,534
8. Secured Creditors
Of the bank loans, £91,728 (2023 £97,335) is secured by a first legal mortgage over the freehold land at Marston Road known as Stafford Rangers Football Club, Stafford.
Of the directors' current accounts, £55,634 (2023 £49,355) is secured by a second legal mortgage over the freehold land at Marston Road known as Stafford Rangers Football Club, Stafford.
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9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
200,000 Ordinary 50p shares of £ 0.50 each 100,000 100,000
94,248 Ordinary 50p shares with premium of £ 0.50 each 47,124 41,369
147,124 141,369
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
150,000 Preference shares of £ 1.00 each 150,000 150,000
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,218 (2023 - £2,772)
11. Reserves
Revaluation Reserve
£
As at 1 July 2023 679,140
As at 30 June 2024 679,140
Page 6