REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
The Roundhegians Rugby |
Football Club Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
The Roundhegians Rugby |
Football Club Limited |
The Roundhegians Rugby |
Football Club Limited (Registered number: 07434245) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
The Roundhegians Rugby |
Football Club Limited (Registered number: 07434245) |
Balance Sheet |
30 June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
RESERVES |
Refurbishment fund |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The Roundhegians Rugby |
Football Club Limited (Registered number: 07434245) |
Balance Sheet - continued |
30 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Roundhegians Rugby |
Football Club Limited (Registered number: 07434245) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | STATUTORY INFORMATION |
The Roundhegians Rugby Football Club Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentation currency of the financial statements is the Pound Sterling (£). |
Turnover |
Turnover represents income generated by the company from sporting activities, events and clubhouse activities and is recognised on receipt of the income. |
Tangible fixed assets |
Depreciation is provided on tangible fixed assets to write off the cost over the life of the assets at the rate of 25% pa reducing balance for plant & machinery. |
No depreciation has been charged on land & buildings because, in the directors' view, the remaining useful economic life is likely to exceed 50 years and any depreciation charge would be immaterial due to its high residual carrying value. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
As a CASC, the company is exempt from corporation tax on interest received and chargeable gains. Profits from trading with non-members are also exempt from corporation tax as they qualify for the exemption of small scale trades under Section 480 Corporation Tax Act 2010. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
The Roundhegians Rugby |
Football Club Limited (Registered number: 07434245) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 July 2023 |
Additions |
At 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Debtors |
Prepaid expenses |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans |
Other creditors |
8. | ULTIMATE CONTROLLING PARTY |
In the opinion of the directors, there is no controlling party. |