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MACC FOOTBALL CLUB LIMITED

Registered Number
12931817
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

MACC FOOTBALL CLUB LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

BOYLE, Paul Robert
BULL, Jonathan James
SAVAGE, Robert
SMETHURST, Robert
SMETHURST, Sarah Jane

Registered Address

Leasing.Com Stadium
London Road
Macclesfield
SK11 7SP

Registered Number

12931817 (England and Wales)
MACC FOOTBALL CLUB LIMITED
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,457,4322,619,896
2,457,4322,619,896
Current assets
Stocks49,85313,681
Debtors5183,468148,498
Cash at bank and on hand101,74791,843
295,068254,022
Creditors amounts falling due within one year6(1,820,249)(3,584,972)
Net current assets (liabilities)(1,525,181)(3,330,950)
Total assets less current liabilities932,251(711,054)
Creditors amounts falling due after one year7-(7,844)
Net assets932,251(718,898)
Capital and reserves
Called up share capital1,147100
Share premium1,895,468-
Profit and loss account(964,364)(718,998)
Shareholders' funds932,251(718,898)
The financial statements were approved and authorised for issue by the Board of Directors on 26 March 2025, and are signed on its behalf by:
SMETHURST, Robert
Director
Registered Company No. 12931817
MACC FOOTBALL CLUB LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-35
Plant and machinery-10
Fixtures and fittings20-
Office Equipment20-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year4850
3.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 July 231,769,2271,324,0683,093,295
Additions6,88426,56033,444
At 30 June 241,776,1111,350,6283,126,739
Depreciation and impairment
At 01 July 23106,903366,496473,399
Charge for year49,198146,710195,908
At 30 June 24156,101513,206669,307
Net book value
At 30 June 241,620,010837,4222,457,432
At 30 June 231,662,324957,5722,619,896
4.Stocks

2024

2023

££
Raw materials and consumables9,85313,681
Total9,85313,681
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables71,854135,595
Amounts owed by associates and joint ventures / participating interests61,437-
Other debtors18,6963,171
Prepayments and accrued income31,4819,732
Total183,468148,498
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables175,759163,068
Amounts owed to related parties1,025,4092,819,781
Taxation and social security186,887139,757
Finance lease and HP contracts7,84447,061
Accrued liabilities and deferred income424,350415,305
Total1,820,2493,584,972
7.Creditors: amounts due after one year

2024

2023

££
Other creditors-7,844
Total-7,844
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts-7,844
9.Financial instruments
At the statement of financial position date the company holds an option to purchase a freehold which is included in the accounts at cost value, having no impact on the company's income statement in the reporting year. The option expires on 6 December 2028.
10.Operating lease commitments
At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £0 (2023 – £ 9,385)
11.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SMETHURST, Robert2,600,429277,1002,192,370685,159
& SMETHURST, Sarah-Jane
SAVAGE, Robert3,50501253,380
2,603,934277,1002,192,495688,539
The above loans are repayable on demand and unsecured.
12.Related party transactions
During the year the company had the following transactions with companies in which the directors have a material interest. All of the loans above were repayable on demand and unsecured. Company 1 Brought forward balance due to company £215,847 Amount advanced £276,649 Amount repaid £182,025 Carried forward balance due to company £310,470 Company 2 Brought forward balance due to company £0 Amount advanced £24,800 Carried forward balance due to company £24,800 Company 3 Brought forward balance due from company £0 Amount repaid £4,200 Carried forward balance due from company £4,200 Company 4 Brought forward balance due from company £0 Amount repaid £306 Carried forward balance due from company £306 Company 5 Brought forward balance due from company £0 Amount repaid £48,000 Carried forward balance due from company £48,000
13.Controlling party
The company is under the control of R & SJ Smethurst and AS 2019 Limited.