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REGISTERED NUMBER: SC576262 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KIRKCALDY RUGBY FOOTBALL CLUB LIMITED

KIRKCALDY RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: SC576262)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KIRKCALDY RUGBY FOOTBALL CLUB LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: D J Burns
A M Oliver





REGISTERED OFFICE: 95-99 Esplanade
Kirkcaldy
Fife
KY1 1RF





REGISTERED NUMBER: SC576262 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Cluny Court
John Smith Business Park
Kirkcaldy
Fife
KY2 6QJ

KIRKCALDY RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: SC576262)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 309 412

CURRENT ASSETS
Stocks 6,522 3,606
Debtors 5 13,770 6,393
Cash at bank and in hand 5,975 4,065
26,267 14,064
CREDITORS
Amounts falling due within one year 6 26,576 14,475
NET CURRENT LIABILITIES (309 ) (411 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1 ) -
SHAREHOLDERS' FUNDS - 1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 10 July 2025 and were signed on its behalf by:




D J Burns - Director


KIRKCALDY RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: SC576262)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Kirkcaldy Rugby Football Club Limited is a private company, limited by shares , registered in Scotland. 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.

TURNOVER
Turnover represents bar takings, SRU funding, gate receipts and sponsorships are measured at the fair value of the consideration received or receivable excluding value added tax and other sales tax.

Management fees are recognised in the period services are provided for the management of the bar. Other income relates to use of the facilities and recognised in the period services are provided.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% per annum reducing balance
Computer equipment - 25% per annum reducing balance

Tangible fixed assets are recognised at cost. The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

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

KIRKCALDY RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: SC576262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION
Taxation for the year comprises of current 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 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.

GIFT AID PAYMENT TO PARENT CHARITY
At the reporting date a deed of covenant was in place for the company to donate trading profits to its parent charity under gift aid scheme. The payment is expected to be made within 9 months of the end of the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 15 ) .

KIRKCALDY RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: SC576262)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 663 692 1,355
DEPRECIATION
At 1 April 2024 470 473 943
Charge for year 48 55 103
At 31 March 2025 518 528 1,046
NET BOOK VALUE
At 31 March 2025 145 164 309
At 31 March 2024 193 219 412

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 13,770 6,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 3,423 3,593
Taxation and social security 4,329 1,251
Other creditors 18,824 9,631
26,576 14,475

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.