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REGISTERED NUMBER: 02692347 (England and Wales)














FAREHAM FOOTBALL CLUB LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FAREHAM FOOTBALL CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: W R Ralls
N L Ralls





SECRETARY: W R Ralls





REGISTERED OFFICE: Unit 3 Ralls House
Parklands Business Park
Forest Road
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 02692347 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,597 17,115

CURRENT ASSETS
Debtors 5 473 1,444
Prepayments and accrued income 133,889 47,592
Cash at bank 3,382 3,292
137,744 52,328
CREDITORS
Amounts falling due within one year 6 700,389 544,091
NET CURRENT LIABILITIES (562,645 ) (491,763 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(546,048

)

(474,648

)

CAPITAL AND RESERVES
Called up share capital 7 250,000 250,000
Revaluation reserve 8 15,042 15,042
Retained earnings 8 (811,090 ) (739,690 )
SHAREHOLDERS' FUNDS (546,048 ) (474,648 )

FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 3 June 2025 and were signed on its behalf by:





W R Ralls - Director


FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Fareham Football Club 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.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Long to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 95,000 10,214 48,974 22,382 176,570
DEPRECIATION
At 1 November 2023 79,958 10,214 47,210 22,073 159,455
Charge for year - - 441 77 518
At 31 October 2024 79,958 10,214 47,651 22,150 159,973
NET BOOK VALUE
At 31 October 2024 15,042 - 1,323 232 16,597
At 31 October 2023 15,042 - 1,764 309 17,115

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 473 1,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,071 42,573
Provision for bad debt 130,373 -
Amounts owed to group undertakings 566,010 477,002
Other creditors - 19,384
Accrued expenses 1,935 5,132
700,389 544,091

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250,000 Ordinary £1 250,000 250,000

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 (739,690 ) 15,042 (724,648 )
Deficit for the year (71,400 ) (71,400 )
At 31 October 2024 (811,090 ) 15,042 (796,048 )

FAREHAM FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 02692347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

9. ULTIMATE PARENT COMPANY

Dylex Limited, a company registered in England, is the ultimate parent company of Fareham Football Club Limited.