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Company No: 14554815 (England and Wales)

SALFORD CITY ROOSTERS ARLFC LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

SALFORD CITY ROOSTERS ARLFC LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

SALFORD CITY ROOSTERS ARLFC LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
SALFORD CITY ROOSTERS ARLFC LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS Mr D Campbell (Appointed 05 November 2024)
Mr P F Connelly
Mr J N Connolly
Mr C J Irwin (Resigned 05 November 2024)
SECRETARY Mr J N Connolly
REGISTERED OFFICE Moat Hall Sports Centre Hallsworth Road
Eccles
Manchester
M30 7LS
United Kingdom
COMPANY NUMBER 14554815 (England and Wales)
ACCOUNTANT Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
United Kingdom
SALFORD CITY ROOSTERS ARLFC LIMITED

BALANCE SHEET

As at 31 December 2024
SALFORD CITY ROOSTERS ARLFC LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Fixed assets
Tangible assets 3 11,883 10,800
Investments 4 1 1
11,884 10,801
Current assets
Cash at bank and in hand 5 7,081 7,090
7,081 7,090
Creditors: amounts falling due within one year 6 ( 18,974) ( 18,981)
Net current liabilities (11,893) (11,891)
Total assets less current liabilities (9) (1,090)
Net liabilities ( 9) ( 1,090)
Reserves
Retained earnings ( 9 ) ( 1,090 )
Total reserves ( 9) ( 1,090)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Salford City Roosters ARLFC Limited (registered number: 14554815) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

Mr D Campbell
Director
SALFORD CITY ROOSTERS ARLFC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
SALFORD CITY ROOSTERS ARLFC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Salford City Roosters ARLFC Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Moat Hall Sports Centre Hallsworth Road, Eccles, Manchester, M30 7LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Subscriptions income represents subscriptions for membership of the company for the year ended 31 December 2024. Any subscriptions received for the future accounting year are not included in income until the period to which they relate.

All other income is received in cash but the sale is only recognised as income when it is earned.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held on call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

Year ended
31.12.2024
Period from
22.12.2022 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2024 12,000 0 12,000
Additions 0 2,283 2,283
At 31 December 2024 12,000 2,283 14,283
Accumulated depreciation
At 01 January 2024 1,200 0 1,200
Charge for the financial year 1,200 0 1,200
At 31 December 2024 2,400 0 2,400
Net book value
At 31 December 2024 9,600 2,283 11,883
At 31 December 2023 10,800 0 10,800

4. Fixed asset investments

Investments in subsidiaries

31.12.2024
£
Cost
At 01 January 2024 1
At 31 December 2024 1
Carrying value at 31 December 2024 1
Carrying value at 31 December 2023 1

5. Cash and cash equivalents

31.12.2024 31.12.2023
£ £
Cash at bank and in hand 7,081 7,090

6. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Amounts owed to own subsidiaries 1 1
Taxation and social security 1,526 2,980
Other creditors 17,447 16,000
18,974 18,981

7. Liability of members

The members of the Salford City Roosters ARLFC Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.