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REGISTERED NUMBER: 08409732 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLUB PENYBONT LIMITED

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLUB PENYBONT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D A Whiteley
A Davies
S J Dalton
M Evans
D C Threlfall
N W Ward





REGISTERED OFFICE: c/o Bryntirion Football Club
Bryntirion Park
Llangewydd Road
Bridgend
CF31 4JU





REGISTERED NUMBER: 08409732 (England and Wales)





AUDITORS: Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF31 1BE

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 512,353 510,924
Investments 6 100 100
512,453 511,024

CURRENT ASSETS
Stocks 6,107 5,829
Debtors 7 7,143 7,520
Cash at bank and in hand 340,115 451,981
353,365 465,330
CREDITORS
Amounts falling due within one year 8 228,640 254,897
NET CURRENT ASSETS 124,725 210,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,178

721,457

CREDITORS
Amounts falling due after more than one
year

9

(499,510

)

(530,388

)

PROVISIONS FOR LIABILITIES - (14,991 )
NET ASSETS 137,668 176,078

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 137,468 175,878
SHAREHOLDERS' FUNDS 137,668 176,078

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





A Davies - Director


CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Club Penybont Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Note 16 to the financial statements provides further information.

Preparation of consolidated financial statements
The financial statements contain information about Club Penybont Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Revenue is recognised when the significant risks and rewards of goods or services provided have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from prize monies are allocated equally over the number of expected matches in the season in which those monies are received.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold property improvements- 4% and 25% on cost
Plant and machinery etc- 20% on cost


Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
When a financial asset or financial liability is recognised initially it is measured at its fair value , which is normally the transaction price.

At the end of each reporting period all financial instruments are measured at fair value.

Cash & cash equivalents in the balance sheet comprise cash at banks and in hand.

Short term debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Player registrations
Player registrations are accounted for on an income and expenditure basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 10 ) .

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,363,993 50,505 1,414,498
Additions - 43,783 43,783
At 31 December 2024 1,363,993 94,288 1,458,281
DEPRECIATION
At 1 January 2024 872,813 30,761 903,574
Charge for year 25,529 16,825 42,354
At 31 December 2024 898,342 47,586 945,928
NET BOOK VALUE
At 31 December 2024 465,651 46,702 512,353
At 31 December 2023 491,180 19,744 510,924

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,466 7,520
Other debtors 677 -
7,143 7,520

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,380 20,344
Taxation and social security 8,219 3,006
Other creditors 201,041 231,547
228,640 254,897

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 128,808 128,808
Other creditors 370,702 401,580
499,510 530,388

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,500 3,388
Between one and five years 10,000 10,000
In more than five years 24,465 26,625
36,965 40,013

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jon Payne (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

13. CONTINGENT LIABILITIES

At the balance sheet date the company had contingent liabilities of £4,000 relating to suspended penalties issued by the Football Association of Wales, until the end of the 24/25 season.

14. RELATED PARTY DISCLOSURES

At the balance sheet date there were amounts owed to the directors of £5,628 (2023: £1,628).

During the year £16,282 (2023: £36.560) was paid to the company's wholly owned subsidiary in respect of clubhouse recharges.

At the balance sheet date £128,808 (2023: £128,808) was owed to the company's wholly owned subsidiary.

During the financial year, the company paid £3,625 to director Dean Threlfall in respect of repair works carried out for the company. The invoice covered only the cost of materials at cost price, with no profit element included for the director's own work. At the year end, no amounts were outstanding to the director in respect of this transaction.

CLUB PENYBONT LIMITED (REGISTERED NUMBER: 08409732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


15. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

16. GOING CONCERN

The directors have reviewed the financial position of the company, taking account of the reserves and cash balance that is currently available, the 2025 budget and longer term plans, together with its financial and risk management systems.

The directors believe that the company has adequate resources to continue to operate for the foreseeable future and the actions that could be taken if the best and worst outcomes were to take place. Therefore, the company continues to adopt the going concern basis of accounting in preparing the annual financial statements.