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REGISTERED NUMBER: 15064698 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024

FOR

CARDIFF DRAGONS GROUP LIMITED

CARDIFF DRAGONS GROUP LIMITED (REGISTERED NUMBER: 15064698)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CARDIFF DRAGONS GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024







DIRECTORS: C. A. Anthony
C. G. Dando
C. A. Lewis
K. Mcdonald
S. L. Moore
K. J. Owens
V. J. Sutton
N. W. Ward
J. J. Williams





REGISTERED OFFICE: Wales Netball
Sport Wales National Centre
Sophia Close
Cardiff
CF11 9SW





REGISTERED NUMBER: 15064698 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

CARDIFF DRAGONS GROUP LIMITED (REGISTERED NUMBER: 15064698)

BALANCE SHEET
31 AUGUST 2024

Notes £   
CURRENT ASSETS
Debtors 4 2,280
Cash at bank 8,531
10,811
CREDITORS
Amounts falling due within one year 5 175,943
NET CURRENT LIABILITIES (165,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(165,132

)

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (165,133 )
(165,132 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





C. A. Lewis - Director


CARDIFF DRAGONS GROUP LIMITED (REGISTERED NUMBER: 15064698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Cardiff Dragons Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
In considering the appropriate basis on which to prepare the financial statements, the directors are required to consider whether the company can continue in operational existence for the foreseeable future.

The company is a wholly owned subsidiary of The Welsh Netball Association from which it receives financial support. The directors have made an assessment and satisfied themselves of the parent company's ability to provide continuing financial support to the company for the foreseeable future. They therefore adopt the going concern basis of accounting in preparing these financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before income is recognised:

Sale of merchandise
The company recognises income from the sale of merchandise when all of the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Sponsorship
Income arising from sponsorship is normally recognised over the period of the sponsorship term. When the sponsorship is linked to a particular event or condition, income is recognised when the specific event has taken place or the condition has been met.

Provision of services
Income from a contract to provide services is recognised in the period in which the services are provided.

CARDIFF DRAGONS GROUP LIMITED (REGISTERED NUMBER: 15064698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments, transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and in hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,280

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 212
Amounts owed to group undertakings 174,831
Other creditors 900
175,943

CARDIFF DRAGONS GROUP LIMITED (REGISTERED NUMBER: 15064698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 AUGUST 2023 TO 31 AUGUST 2024

6. OTHER FINANCIAL COMMITMENTS

At 31 August 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £2,151.