Wigan Sporting Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06302126 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WIGAN SPORTING CLUB LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

B J Goodburn

REGISTERED OFFICE:

Robin Park Arena

Loire Drive

Wigan

Lancashire

WN5 0UH

REGISTERED NUMBER:

06302126 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Barclays Bank PLC

1st Floor

3 Hardman Street

Spinningfields

Manchester

M3 3HF

FIXED ASSETS

Investments

4

74,667

CURRENT ASSETS

Debtors

5

12,476,757

9,495,469

CREDITORS

Amounts falling due within one year

6

-

4,050,146

NET CURRENT ASSETS

12,476,757

5,445,323

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,551,424

5,519,990

CREDITORS

Amounts falling due after more than one year

7

9,749,474

2,718,040

NET ASSETS

2,801,950

CAPITAL AND RESERVES

Called up share capital

2

Share premium

4,899,999

Retained earnings

(2,098,051

)

(2,098,051

)

2,801,950

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

B J Goodburn - Director

1.	STATUTORY INFORMATION

Wigan Sporting 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.

The company remains reliant upon the continued support, both financial and management, of the shareholder, Mike Danson, which has been confirmed for the foreseeable future. The loans from the shareholder are unsecured, interest free and have no fixed repayment terms.

Profit and loss and cash flow forecasts have been prepared which indicate that, whilst operating losses may continue in Wigan Rugby League Club Limited, working capital requirements will be met by additional loan funding from the company, which in turn will seek debt funding from the shareholder.

On this basis, the director believes the company has adequate resources to continue in operational existence for the foreseeable future and that it is therefore appropriate to prepare the financial statements on the going concern basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments

Investments in subsidiaries are stated at cost less impairment.

Financial instruments

Short term other debtors and trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Related party loans and directors loan accounts have no stated interest rate, are payable on demand and are measured at the undiscounted amount due.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2023

and 30 November 2024

74,667

NET BOOK VALUE

At 30 November 2024

74,667

At 30 November 2023

74,667

The group or the company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiary

Principal Activity

% Holding

Direct/Indirect
Holding

Wigan Rugby League Club Limited

Professional rugby league club

89%

Direct

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

12,476,757

9,495,469

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Directors' current accounts

-

4,050,146

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Shareholder loans

9,749,474

2,718,040

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John B S Fairhurst BA (Hons) FCA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

9.	RELATED PARTY DISCLOSURES

Loan to subsidiary undertakings

During the year the company had transactions with Wigan Rugby League Club Limited as follows: loans paid of £3,432,999 (2023 - £2,126,170) and received of £1,711 (2023 - £133,461). At 30 November 2024 there is an amount of £12,476,757 (2023 - £9,495,469) owed by Wigan Rugby League Club Limited.

10.	ULTIMATE CONTROLLING PARTY

On 1 December 2023, M Danson became the ultimate controlling party of Wigan Sporting Club Limited.