SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08658014 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

John Leonard Blyth
Thomas Stuart Davies
David Steven Martin Dow
Stephen Neil Hughes
Philip David Llewellyn
Terence John Elwyn Morgan
Huw Rees
Huw Dickinson Simpson
Geoffrey Arthur Derek Wheel


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Huw Rees
Status: Director

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 2,065 2,103
Cost of sales: ( 843 ) ( 938 )
Gross profit(or loss): 1,222 1,165
Distribution costs: 0 0
Administrative expenses: ( 2,596 ) ( 1,789 )
Other operating income: 0 0
Operating profit(or loss): (1,374) (624)
Interest receivable and similar income: 0 0
Profit(or loss) before tax: (1,374) (624)
Profit(or loss) for the financial year: (1,374) (624)

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 2,447 3,670
Investments:   0 0
Total fixed assets: 2,447 3,670
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 7,173 1,674
Investments:   0 0
Total current assets: 7,173 1,674
Prepayments and accrued income: 48 378
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 7,221 2,052
Total assets less current liabilities: 9,668 5,722
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 10,135 ) ( 4,815 )
Total net assets (liabilities): (467) 907
Members' funds
Profit and loss account: (467) 907
Total members' funds: ( 467) 907

The notes form part of these financial statements

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Huw Rees
Status: Director

The notes form part of these financial statements

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Other accounting policies

    Taxation The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible Assets Tangible assets are initially recorded at cost and are subsequently stated at cost less and accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except tot he extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Impairment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0 4,893 0 0 4,893
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 May 2024 0 0 4,893 0 0 4,893
Depreciation
At 1 June 2023 0 0 1,223 0 0 1,223
Charge for year 0 0 1,223 0 0 1,223
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 May 2024 0 0 2,446 0 0 2,446
Net book value
At 31 May 2024 0 0 2,447 0 0 2,447
At 31 May 2023 0 0 3,670 0 0 3,670

COMMUNITY INTEREST ANNUAL REPORT

SWANSEA RFC MEMORABILIA COMMUNITY INTEREST COMPANY

Company Number: 08658014 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Company holds the title to various sporting memorabilia accumulated by Swansea Rugby Football Club Limited over the past century. This collection of memorabilia and paraphernalia tracks the history of the club and is retained by the company to ensure its retention for future generations of the local community to view and discover.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Huw Rees
Status: Director