REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
Ystrad Rhondda Rugby Football Club |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2024 |
for |
Ystrad Rhondda Rugby Football Club |
Limited |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Ystrad Rhondda Rugby Football Club |
Limited |
Company Information |
for the Year Ended 30 June 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Certified Accountants |
101 Dunraven Street |
Tonypandy |
CF40 1AR |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Balance Sheet |
30 June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
WRU Debenture -at cost | 5 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Accruals and deferred income | ( |
) | ( |
) |
Net assets |
Reserves |
Net assets/liabilities on incorporation |
Retained earnings |
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 profit or loss 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. |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Balance Sheet - continued |
30 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | Statutory information |
Ystrad Rhondda Rugby Football Club is a private company limited by guarantee without share capital. It is registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Freehold property | - |
Stand | - |
Plant and machinery | - |
Fixtures and fittings | - |
Floodlight system | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Freehold | Plant and |
property | Stand | machinery |
£ | £ | £ |
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 |
Fixtures |
and | Motor | Floodlight |
fittings | vehicles | system | 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 |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
5. | Fixed asset investments |
WRU |
Debenture- |
at cost |
£ |
Cost |
At 1 July 2023 |
and 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 June 2023 |
6. | Stocks |
30.6.24 | 30.6.23 |
£ | £ |
Stock of beers & wines |
Stock of ties etc |
7. | Debtors: amounts falling due within one year |
30.6.24 | 30.6.23 |
£ | £ |
Other debtors |
8. | Creditors: amounts falling due within one year |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts |
Creditors & accrued charges |
Tax | ( |
) | ( |
) |
Social security and other taxes |
VAT | 5,475 | 2,425 |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans - 2-5 years |
Brewery loan | 7,901 | 10,883 |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
10. | Secured debts |
The following secured debts are included within creditors: |
30.6.24 | 30.6.23 |
£ | £ |
Bank Loan | 22,484 | 32,663 |
The Welsh Rugby Union Limited secured a charge over 82, Gelligaled Road, Ystrad, Pentre CF41 7RQ on 21st November 2016 |
11. | Related party disclosures |
1.Statement of Guarantee provided by members |
If the company is wound up whilst still a member, or, within one year after ceasing to be a member, £1 will be contributed by each of the following members to the assets of the company to pay debts and liabilities of the company contracted before cessation of membership, and the payment of costs and charges incurred in the winding up of the company: |
Michael Davies |
Adrian Griffiths |
Alan Sinclair |
Bradley Hughes |
Paul Murphy |
Wayne Pearce |
Stephen Jones |
Greg Prosser |
2. Michael Davies the club treasurer is also acting as the bar manager. He was paid £6,500 gross before deduction of tax during the period |
3. The club insurance advisors are L T Insurance Services Limited. |
Mr P Murphy is a director of Ystrad Rhondda Rugby Club Limited and L T Insurance Services Limited. |
The insurance premiums were approved by the committee as follows |
Club insurance £3,768 |
Players' Insurance £2,124 |
12. | Ultimate controlling party |
The ultimate controlling party are the officers and members of the committee who are elected are the Annual General Meeting |
Ystrad Rhondda Rugby Football Club |
Limited (Registered number: 10073050) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
13. | Weekly draw |
£ |
Takings 26,429 |
Prizes (18,750) |
Movement Jackpot provision (1,500) |
Profit 6,179 |