Registered number
07650302
Shelford Rugby Ltd
Filleted Accounts
31 May 2024
Shelford Rugby Ltd
Registered number: 07650302
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 601,459 610,826
Current assets
Stocks 7,000 7,000
Debtors 4 22,496 10,861
Cash at bank and in hand - 22,824
29,496 40,685
Creditors: amounts falling due within one year 5 (95,553) (85,222)
Net current liabilities (66,057) (44,537)
Total assets less current liabilities 535,402 566,289
Creditors: amounts falling due after more than one year 6 (44,934) (55,654)
Net assets 490,468 510,635
Capital and reserves
Revaluation reserve 7 475,000 475,000
Profit and loss account 15,468 35,635
Shareholders' funds 490,468 510,635
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.
Mr A Roberts
Director
Approved by the board on 28 May 2025
Shelford Rugby Ltd
Notes to the Accounts
for the year ended 31 May 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 from Members and Facitilies. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost, except Freehold Land, 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:
Fixtures and Fittings 18% per annum reducing balance method
Plant and machinery 18% per annum reducing balance method
Freehold Land 5% per annum reducing balance method
The club owns the freehold title to its playing fields and the clubhouse in Great Shelford.
The faciltites are for the benefit of the club, and have been valued at market value.
Fixtures and fittings at cost of £184067 are included in land and building.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 25
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 659,067 60,768 4,900 724,735
At 31 May 2024 659,067 60,768 4,900 724,735
Depreciation
At 1 June 2023 68,059 40,952 4,898 113,909
Charge for the year 5,800 3,567 - 9,367
At 31 May 2024 73,859 44,519 4,898 123,276
Net book value
At 31 May 2024 585,208 16,249 2 601,459
At 31 May 2023 591,008 19,816 2 610,826
4 Debtors 2024 2023
£ £
Trade debtors 22,496 10,861
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 42,135 23,808
Trade creditors 15,159 13,263
Taxation and social security costs 33,725 42,703
Other creditors 4,534 5,448
95,553 85,222
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,736 32,456
Members loans 23,198 23,198
44,934 55,654
7 Revaluation reserve 2024 2023
£ £
At 1 June 2023 475,000 475,000
At 31 May 2024 475,000 475,000
8 Other information
Shelford Rugby Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Shelford Rugby Club
Davey Field
Cambridge Road
Great Shelford
CB22 5JJ
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