Company registration number 00484523 (England and Wales)
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
COMPANY INFORMATION
Directors
R B Lane
N R Stanley
Company number
00484523
Registered office
Aggborough Stadium
Hoo Road
Kidderminster
Worcestershire
DY10 1NB
Accountants
Jerroms GCN Limited
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
CONTENTS
Page
Accountants' report
1
Statement of financial position
2 - 3
Notes to the financial statements
4 - 7
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kidderminster Harriers Football Club Limited for the Period ended 30 June 2024 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Kidderminster Harriers Football Club Limited, as a body, in accordance with the terms of our engagement letter dated 9 January 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Kidderminster Harriers Football Club Limited and state those matters that we have agreed to state to the board of directors of Kidderminster Harriers Football Club Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kidderminster Harriers Football Club Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Kidderminster Harriers Football Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kidderminster Harriers Football Club Limited. You consider that Kidderminster Harriers Football Club Limited is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of Kidderminster Harriers Football Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jerroms GCN Limited
Chartered Certified Accountants
West Point, Second Floor
Mucklow Office Park
Mucklow Hill
Halesowen
B62 8DY
23 January 2025
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024
30 June 2024
- 2 -
30 June 2024
31 May 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,297,679
1,354,759
Current assets
Stocks
4
10,722
13,744
Debtors
5
108,502
68,796
Cash at bank and in hand
135,801
14,908
255,025
97,448
Creditors: amounts falling due within one year
6
(969,857)
(835,520)
Net current liabilities
(714,832)
(738,072)
Total assets less current liabilities
582,847
616,687
Creditors: amounts falling due after more than one year
7
(1,006,513)
(831,364)
Net liabilities
(423,666)
(214,677)
Capital and reserves
Called up share capital
3,001,104
3,001,104
Share premium account
479,009
479,009
Other reserves
600
600
Profit and loss reserves
(3,904,379)
(3,695,390)
Total equity
(423,666)
(214,677)
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 3 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial Period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 January 2025 and are signed on its behalf by:
R B Lane
Director
Company registration number 00484523 (England and Wales)
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Kidderminster Harriers Football Club Limited is a private company limited by shares incorporated in England and Wales. The registered office is Aggborough Stadium, Hoo Road, Kidderminster, Worcestershire, DY10 1NB.

1.1
Reporting period

The company has extended its accounting reference date by one month to bring it in line with associated companies, as a result the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial accounts have been prepared on a going concern basis, the validity of which depends upon the future support of participating interests. In the opinion of the directors, this support will be available such that the company will continue in operational existence for the foreseeable future.true

1.4
Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.5
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Long leasehold property
2% & 5% on cost
Plant and machinery
33% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.9
Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
53
40
KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Long leasehold property
Plant and machinery
Total
£
£
£
Cost
At 1 June 2023
2,733,660
361,354
3,095,014
Additions
17,600
-
0
17,600
At 30 June 2024
2,751,260
361,354
3,112,614
Depreciation and impairment
At 1 June 2023
1,412,245
328,010
1,740,255
Depreciation charged in the Period
62,639
12,041
74,680
At 30 June 2024
1,474,884
340,051
1,814,935
Carrying amount
At 30 June 2024
1,276,376
21,303
1,297,679
At 31 May 2023
1,321,415
33,344
1,354,759
4
Stocks
2024
2023
£
£
Stocks
10,722
13,744
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
77,420
44,842
Other debtors
7,231
4,902
Prepayments and accrued income
23,851
19,052
108,502
68,796

Amounts owed by participating interest do not bear interest, are unsecured and are repayable on demand.

KIDDERMINSTER HARRIERS FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,097
43,649
Amounts owed to undertakings in which the company has a participating interest
418,737
586,761
Taxation and social security
162,255
85,727
Other creditors
1,808
9,222
Accruals and deferred income
361,960
110,161
969,857
835,520

Amounts owed to participating interest do not bear interest, are unsecured and are repayable on demand.

7
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Other loans
8
240,000
240,000
Accruals and deferred income
766,513
591,364
1,006,513
831,364
Amounts included above which fall due after five years are as follows:
Payable by instalments
210,000
210,000
8
Secured debts
2024
2023
£
£
Other loans
240,000
240,000
Payable after one year
240,000
240,000

The other loan is secured by a legal charge created on 29th March 2022 in favour of The English Sports Council,, it contains a floating charge over all property and undertakings of the company.

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