Company registration number: 03078614
Unaudited financial statements
for the year ended 31 July 2024
for
Hythe Town Football Club
(company limited by guarantee)
Pages for filing with the Registrar
Company registration number: 03078614
Hythe Town Football Club
(company limited by guarantee)
Balance sheet
as at 31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,313 2,518
2,313 2,518
Current assets
Debtors 14,160 16,099
Prepayments and accrued income 1,752 -
Cash at bank and in hand 15,309 11,469
31,221 27,568
Creditors: amounts falling due within one
year
(91,799) (19,431)
Net current (liabilities)/assets (60,578) 8,137
Total assets less current liabilities (58,265) 10,655
Creditors: Amounts falling due after more
than one year
(50,000) (50,000)
NET LIABILITIES (108,265) (39,345)
Reserves
Income and expenditure account (108,265) (39,345)
TOTAL RESERVES (108,265) (39,345)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 03078614
Hythe Town Football Club
(company limited by guarantee)
Balance sheet - continued
as at 31 July 2024
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 and expenditure account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 April 2025 and signed on its behalf by:
Mr T Alder, Director Mr A Short, Director
24 April 2025 24 April 2025
2
Hythe Town Football Club
(company limited by guarantee)
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
Hythe Town Football Club is a private company registered in England and Wales. Its registered number is 03078614. The company is limited by guarantee. Its registered office is Reachfields Stadium, Fort Road, Hythe, CT21 6LQ.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Computer equipment - 33% straight line
Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

3
Hythe Town Football Club
(company limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 July 2024
3 Average number of employees
During the year the average number of employees was 20 (2023 - 12).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 29,805
Additions 637
At 31 July 2024 30,442
Depreciation
At 1 August 2023 27,287
Charge for year 842
At 31 July 2024 28,129
Net book value
At 31 July 2024 2,313
At 31 July 2023 2,518
5 Going concern
The company is reliant on the financial support of the directors and a benefactor who have advanced the company £108,328 by way of loans, of which £58,328 is repayable on demand to the directors and £50,000 is repayable after 1 years' notice to the benefactor. The directors have stated that these amounts will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay this debt and meet all its other debts as they fall due. For this reason the directors have adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £108,265.
4