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Company registration number: 00392186
Workington Town Rugby League
Football Club Limited
Unaudited filleted financial statements
For the year ended
31 December 2024
Workington Town Rugby League Football Club Limited
Contents
Statement of financial position
Notes to the financial statements
Workington Town Rugby League Football Club Limited
Statement of financial position
31 December 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 | 179,529 |  |  |  | 182,843 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  |  |  | 179,529 |  |  |  | 182,843
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 7,167 |  |  |  | 10,197 |  |
Debtors |  | 4 | 51,875 |  |  |  | 5,869 |  |
Cash at bank and in hand |  |  | 30,077 |  |  |  | 49,447 |  |
|  |  | ________ |  |  |  | ________ |  |
|  |  | 89,119 |  |  |  | 65,513 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 5 | ( 57,796) |  |  |  | ( 25,718) |  |
|  |  | ________ |  |  |  | ________ |  |
Net current assets |  |  |  |  | 31,323 |  |  |  | 39,795
|  |  |  |  | ________ |  |  |  | ________
Total assets less current liabilities |  |  |  |  | 210,852 |  |  |  | 222,638
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 6 |  |  | ( 29,445) |  |  |  | ( 36,099)
|  |  |  |  | ________ |  |  |  | ________
Net assets |  |  |  |  | 181,407 |  |  |  | 186,539
|  |  |  |  | ________ |  |  |  | ________
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 480,820 |  |  |  | 420,220
Fair value reserve |  |  |  |  | 175,000 |  |  |  | 175,000
Profit and loss account |  |  |  |  | ( 474,413) |  |  |  | ( 408,681)
|  |  |  |  | ________ |  |  |  | ________
Shareholders funds |  |  |  |  | 181,407 |  |  |  | 186,539
|  |  |  |  | ________ |  |  |  | ________

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 September 2025 , and are signed on behalf of the board by:
Mr G W J Peers
Director
Company registration number: 00392186
Workington Town Rugby League Football Club Limited
Notes to the financial statements
Year ended 31 December 2024
1. Accounting policies
General information
The company is a private company limited by shares, registered in England and Wales, registration number 00392186 . The address of the registered office is Derwent Park Stadium, Workington, Cumbria, CA14 2HG.
Basis of preparation
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. It includes the relevant proportion of contract values where work is partially performed in the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fittings fixtures and equipment | - | Written off over 3 to 5 years |
| Motor vehicles | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
2. Employee numbers
The average number of persons employed by the company during the year amounted to 48 (2023: 66 ).
3. Tangible assets

|  | Freehold and leasehold properties | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total |  |
|  | £ | £ | £ | £ | £ |  |
| Cost |  |  |  |  |  |  |
| At 1 January 2024 | 175,000 | 1,667 | 59,510 | 2,850 | 239,027 |  |
| Additions | - | - | 745 | - | 745 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |
| At 31 December 2024 | 175,000 | 1,667 | 60,255 | 2,850 | 239,772 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |
| Depreciation |  |  |  |  |  |  |
| At 1 January 2024 | - | 334 | 55,137 | 713 | 56,184 |  |
| Charge for the year | - | 333 | 3,013 | 713 | 4,059 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |
| At 31 December 2024 | - | 667 | 58,150 | 1,426 | 60,243 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 December 2024 | 175,000 | 1,000 | 2,105 | 1,424 | 179,529 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |
| At 31 December 2023 | 175,000 | 1,333 | 4,373 | 2,137 | 182,843 |  |
|  | ________ | ________ | ________ | ________ | ________ |  |

Tangible assets held at valuation
The fair value of the company's long leasehold land and buildings has been valued by the director's as at 31 December 2024.The basis of the valuation is what may be considered to be a fair surrender value of the lease.Had this class of asset been measured on a historical cost basis, the carrying amount would have been £nil (2023: £nil).
4. Debtors

|  |  | 2024 | 2023
|  |  | £ | £
| Trade debtors |  | 5,197 | 3,058
| Other debtors |  | 46,678 | 2,811
|  |  | ________ | ________
|  |  | 51,875 | 5,869
|  |  | ________ | ________

5. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans |  | 6,228 | -
| Trade creditors |  | 16,933 | 7,310
| Taxation and social security |  | 15,870 | 11,771
| Directors loan account |  | 15,200 | 2,500
| Other creditors |  | 3,565 | 4,137
|  |  | ________ | ________
|  |  | 57,796 | 25,718
|  |  | ________ | ________

6. Creditors: amounts falling due after more than one year

|  |  | 2024 | 2023
|  |  | £ | £
| Bank loans |  | 29,445 | 36,099
|  |  | ________ | ________