Northolt Rugby Limited 07250005 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is rugby club Digita Accounts Production Advanced 6.30.9574.0 true 07250005 2023-09-01 2024-08-31 07250005 2024-08-31 07250005 core:RetainedEarningsAccumulatedLosses 2024-08-31 07250005 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07250005 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 07250005 core:OfficeEquipment 2024-08-31 07250005 bus:SmallEntities 2023-09-01 2024-08-31 07250005 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07250005 bus:FilletedAccounts 2023-09-01 2024-08-31 07250005 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07250005 bus:RegisteredOffice 2023-09-01 2024-08-31 07250005 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 07250005 bus:Director3 2023-09-01 2024-08-31 07250005 bus:Director5 2023-09-01 2024-08-31 07250005 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07250005 bus:Agent1 2023-09-01 2024-08-31 07250005 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 07250005 core:LandBuildings 2023-09-01 2024-08-31 07250005 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 07250005 core:OfficeEquipment 2023-09-01 2024-08-31 07250005 countries:EnglandWales 2023-09-01 2024-08-31 07250005 2023-08-31 07250005 core:RetainedEarningsAccumulatedLosses 2023-08-31 07250005 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07250005 core:OfficeEquipment 2023-08-31 07250005 2022-09-01 2023-08-31 07250005 2023-08-31 07250005 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 07250005 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 07250005 core:OfficeEquipment 2023-08-31 07250005 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 07250005 2022-08-31 07250005 core:RetainedEarningsAccumulatedLosses 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 07250005

Northolt Rugby Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2024

 

Northolt Rugby Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Northolt Rugby Limited

Company Information

Directors

Mr G M Payne

Mr J R Carpenter

Mr P Rogers

Company secretary

Mr P Rogers

Registered office

11 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

Accountants

Knights
Chartered Accountants11 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP

 

Northolt Rugby Limited

(Registration number: 07250005)
Abridged Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

125,030

51,062

Current assets

 

Stocks

1,395

473

Cash at bank and in hand

 

45,831

109,201

 

47,226

109,674

Prepayments and accrued income

 

-

(880)

Net current assets

 

47,226

108,794

Total assets less current liabilities

 

172,256

159,856

Creditors: Amounts falling due after more than one year

(115,500)

(110,000)

Net assets

 

56,756

49,856

Capital and reserves

 

Retained earnings

56,756

49,856

Shareholders' funds

 

56,756

49,856

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Mr G M Payne
Director

.........................................
Mr P Rogers
Company secretary and director

 
     
 

Northolt Rugby Limited

Statement of Changes in Equity for the Year Ended 31 August 2024

Retained earnings
£

Total
£

At 1 September 2023

49,856

49,856

Profit for the year

6,900

6,900

At 31 August 2024

56,756

56,756

Retained earnings
£

Total
£

At 1 September 2022

55,791

55,791

Loss for the year

(5,935)

(5,935)

At 31 August 2023

49,856

49,856

 

Northolt Rugby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Milbanke Court
Milbanke Way
Bracknell
Berkshire
RG12 1RP
England

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Northolt Rugby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

Asset class

Depreciation method and rate

Changing rooms

On a straight line over the remaining life of the lease

Office equipment

Over 1-3 years depending on the asset

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Northolt Rugby Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

218,414

11,795

230,209

Additions

78,500

-

78,500

At 31 August 2024

296,914

11,795

308,709

Depreciation

At 1 September 2023

168,000

11,147

179,147

Charge for the year

4,370

162

4,532

At 31 August 2024

172,370

11,309

183,679

Carrying amount

At 31 August 2024

124,544

486

125,030

At 31 August 2023

50,414

648

51,062

Included within the net book value of land and buildings above is £124,544 (2023 - £50,414) in respect of freehold land and buildings.