Registered number
02050949
Braintree Town Football Club Limited
Filleted Accounts
31 July 2024
Braintree Town Football Club Limited
Registered number: 02050949
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,989,740 2,010,793
Current assets
Stocks 3,571 3,133
Debtors 4 695 1,839
Cash at bank and in hand 76,511 6,439
80,777 11,411
Creditors: amounts falling due within one year 5 (70,147) (24,615)
Net current assets/(liabilities) 10,630 (13,204)
Total assets less current liabilities 2,000,370 1,997,589
Creditors: amounts falling due after more than one year 6 (1,228,783) (1,167,396)
Provisions for liabilities (221,243) (221,243)
Net assets 550,344 608,950
Capital and reserves
Called up share capital 94,900 94,900
Revaluation reserve 8 1,519,458 1,519,458
Profit and loss account (1,064,014) (1,005,408)
Shareholders' funds 550,344 608,950
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L R Harding
Director
Approved by the board on 29 April 2025
Braintree Town Football Club Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the gate receipts and membership fees, bar takings, sponsorship. Turnover is recognised when the income is received and by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings not provided
Leasehold property improvements over 20 years
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 5 years
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 2,378,282 65,192 7,000 2,450,474
Additions - 3,227 - 3,227
Disposals - - (7,000) (7,000)
At 31 July 2024 2,378,282 68,419 - 2,446,701
Depreciation
At 1 August 2023 380,754 51,997 6,930 439,681
Charge for the year 20,621 3,589 - 24,210
On disposals - - (6,930) (6,930)
At 31 July 2024 401,375 55,586 - 456,961
Net book value
At 31 July 2024 1,976,907 12,833 - 1,989,740
At 31 July 2023 1,997,528 13,195 70 2,010,793
Freehold land and buildings: 2024 2023
£ £
Historical cost 637,581 637,581
Cumulative depreciation based on historical cost 298,270 298,270
339,311 339,311
The ground, clubhouse and improvements to freehold property were valued on a fair value basis on 31 July 2018 by the directors.
4 Debtors 2024 2023
£ £
Other debtors 695 1,839
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,425 4,706
Taxation and social security costs 21,303 2,091
Other creditors 43,419 17,818
70,147 24,615
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 1,228,783 1,167,396
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 1,115,889 973,216
Instalments falling due for payment after more than five years 79,500 92,750
1,195,389 1,065,966
8 Revaluation reserve 2024 2023
£ £
At 1 August 2023 1,519,458 1,519,458
At 31 July 2024 1,519,458 1,519,458
9 Related party transactions
During the year, monies were loaned to the Company by the Directors. Balances totalling £838,638 (2023 - £779,371) remain outstanding and are included within creditors due after more than one year.

A balance totalling £74,153 (2023 - £74,153) remain outstanding in relation to loans provided by former directors and are included within creditors due after more than one year.

A balance of £203,098 (2023 - £203,098) remained outstanding at the balance sheet date to a Company in which a director is also a director and shareholder.
10 Other information
Braintree Town Football Club Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cressing Road Stadium
Clockhouse Way
Braintree
Essex
CM7 3DE
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