REGISTERED NUMBER: 01483448 (England and Wales)

USK FARMERS CLUB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Whistance

S F Byford

G C Hawkins

REGISTERED OFFICE:

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

REGISTERED NUMBER:

01483448 (England and Wales)

ACCOUNTANTS:

Green & Co

Chartered Certified Accountants

Pembroke House

Llantarnam Park Way

Cwmbran

Torfaen

NP44 3AU

FIXED ASSETS

Tangible assets

4

11,507

12,917

CURRENT ASSETS

Stocks

134

198

Debtors

5

679,034

682,437

Investments

6

1,020

1,000

Cash at bank

389,638

311,998

1,069,826

995,633

CREDITORS

Amounts falling due within one year

7

260

603

NET CURRENT ASSETS

1,069,566

995,030

TOTAL ASSETS LESS CURRENT LIABILITIES

1,081,073

1,007,947

RESERVES

Income and expenditure account

1,081,073

1,007,947

1,081,073

1,007,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 surplus or deficit 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2025 and were signed on its behalf by:

G C Hawkins - Director

S F Byford - Director

1.	STATUTORY INFORMATION

Usk Farmers Club Limited is a private company, limited by guarantee , 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

The turnover in the receipts and payments account represents amounts received during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

5% on cost

Sundry equipment

-

5% on cost

Stocks

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

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

Sundry

equipment

equipment

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

4,102

28,556

32,658

DEPRECIATION

At 1st January 2024

1,779

17,962

19,741

Charge for year

196

1,214

1,410

At 31st December 2024

1,975

19,176

21,151

NET BOOK VALUE

At 31st December 2024

2,127

9,380

11,507

At 31st December 2023

2,323

10,594

12,917

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Loan to Usk Showground Limited

678,746

677,766

Prepayments

288

4,671

679,034

682,437

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Usk Showground Limited shares

1,020

1,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

65

65

Other creditors

195

538

260

603

8.	RELATED PARTY TRANSACTIONS

Usk Farmers Club Limited owns 100% of the Ordinary A Shares in Usk Showground Limited.

G C Hawkins and D J Whistance are directors of Usk Farmers Club Limited and Usk Showground Limited.

As at 31st December 2024, Usk Farmers Club Limited was owed £678,746 (2023 - £677,766) by Usk Showground Limited.

9.	COMPANY LIMITED BY GUARANTEE

Each member of the company agrees that, in the event of a winding up, they will contribute an amount not exceeding £2 towards any shortfall. The total number of members at 31st December 2024 was 515 (2023 - 528)