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REGISTERED NUMBER: 10259113 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

NAVY RUGBY LIMITED

NAVY RUGBY LIMITED (REGISTERED NUMBER: 10259113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NAVY RUGBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J E C Lovell
Mr J G Cunningham





SECRETARY: Ms R E Stanbridge





REGISTERED OFFICE: HMS Temeraire
Burnaby Road
Portsmouth
Hampshire
PO1 2HB





REGISTERED NUMBER: 10259113 (England and Wales)





AUDITORS: Gibson Whitter Limited
Statutory Auditors
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

NAVY RUGBY LIMITED (REGISTERED NUMBER: 10259113)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,482
Tangible assets 5 555 -
555 3,482

CURRENT ASSETS
Debtors 6 56,572 8,148
Cash at bank 595,430 557,927
652,002 566,075
CREDITORS
Amounts falling due within one year 7 552,556 469,556
NET CURRENT ASSETS 99,446 96,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,001

100,001

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1 1
SHAREHOLDERS' FUNDS 100,001 100,001

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 and authorised for issue by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Mr J G Cunningham - Director


NAVY RUGBY LIMITED (REGISTERED NUMBER: 10259113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Navy Rugby 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover relating to sponsorship is recognised on a receivable basis.

Turnover relating to merchandise is recognised at the date of sale.

Turnover in relation to the Army v Navy match is recognised once the match has occured.

Turnover in relation to the Navy v RAF match is recognised once the match has occured.

Turnover for international ticket sales is recognised once match has occured.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

NAVY RUGBY LIMITED (REGISTERED NUMBER: 10259113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 17,408
AMORTISATION
At 1 October 2023 13,926
Charge for year 3,482
At 30 September 2024 17,408
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 3,482

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 832
At 30 September 2024 832
DEPRECIATION
Charge for year 277
At 30 September 2024 277
NET BOOK VALUE
At 30 September 2024 555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 6,889 646
Other debtors 49,683 7,502
56,572 8,148

NAVY RUGBY LIMITED (REGISTERED NUMBER: 10259113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 4,422 -
Taxation and social security - 1,981
Other creditors 548,134 467,575
552,556 469,556

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year - 4,263
Between one and five years - 11,725
- 15,988

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

The Report of the Auditors was unqualified.

Gavin Whitter FCA (Senior Statutory Auditor)
for and on behalf of Gibson Whitter Limited

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent entity as it is a wholly owned subsidiary.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Royal Navy Rugby Union.

There is no ultimate controlling party.