Lincoln Rugby Football Club Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04980238

LINCOLN RUGBY FOOTBALL CLUB

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 April 2025

LINCOLN RUGBY FOOTBALL CLUB

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	6	942,262	986,791
Investments	7	10	10
		----------	----------
		942,272	986,801

Current Assets

Stocks		4,914	6,983
Debtors	8	15,020	20,236
Cash at bank and in hand		53,964	30,381
		---------	---------
		73,898	57,600

Creditors: amounts falling due within one year	9	53,485		54,367
		---------		---------
Net Current Assets			20,413		3,233
			----------		----------
Total Assets Less Current Liabilities			962,685		990,034

Creditors: amounts falling due after more than one year	10	763,753	770,359
		----------	----------
Net Assets		198,932	219,675
		----------	----------

LINCOLN RUGBY FOOTBALL CLUB

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Profit and loss account	198,932	219,675
	----------	----------
Members Funds	198,932	219,675
	----------	----------

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 income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 were approved by the board of directors and authorised for issue on 12 August 2025 , and are signed on behalf of the board by:

Mr A J Kelleher

Director

Company registration number: 04980238

LINCOLN RUGBY FOOTBALL CLUB

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General Information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Longdales Park, Lodge Lane, Nettleham, Lincoln, Lincolnshire, LN2 2RS.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

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.

Grants

Grants are recognised using the accrual model and the performance model.

Under the accrual model, 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.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue Recognition

Turnover represents income from facility hire, shop sales, club membership subscriptions, sponsorship and advertising funds, all items are excluding Value Added Tax where applicable.

Income Tax

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.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Long leasehold property	-	2% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance

	Computer equipment	-	33% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of Fixed Assets

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.

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 stock to its present location and condition.

Finance Leases and Hire Purchase Contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Company Limited by Guarantee

Each member of the club undertakes to contribute such amount as may be required, yet not exceeding £1, to the club's assets if it should be wound up while they are a member or within one year after ceasing to be a member.

5. Employee Numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

6. Tangible Assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 May 2024	1,130,655	88,622	95,062	15,196	1,329,535
Additions	–	–	600	417	1,017
Disposals	–	( 3,386)	–	( 2,531)	( 5,917)
	-------------	---------	---------	---------	-------------
At 30 April 2025	1,130,655	85,236	95,662	13,082	1,324,635
	-------------	---------	---------	---------	-------------
Depreciation
At 1 May 2024	237,623	56,120	39,916	9,085	342,744
Charge for the year	22,476	12,021	8,156	2,394	45,047
Disposals	–	( 3,332)	–	( 2,086)	( 5,418)
	-------------	---------	---------	---------	-------------
At 30 April 2025	260,099	64,809	48,072	9,393	382,373
	-------------	---------	---------	---------	-------------
Carrying amount
At 30 April 2025	870,556	20,427	47,590	3,689	942,262
	-------------	---------	---------	---------	-------------
At 30 April 2024	893,032	32,502	55,146	6,111	986,791
	-------------	---------	---------	---------	-------------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2024 and 30 April 2025	10
	----
Impairment
At 1 May 2024 and 30 April 2025	–
	----

Carrying amount
At 30 April 2025	10
	----
At 30 April 2024	10
	----

8. Debtors

	2025	2024
	£	£
Trade debtors	3,041	7,653
Other debtors	11,979	12,583
	---------	---------
	15,020	20,236
	---------	---------

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	6,315	4,691
Social security and other taxes	5,936	5,667
RFU loan	6,664	6,664
Deferred income	21,386	22,413
Other creditors	13,184	14,932
	---------	---------
	53,485	54,367
	---------	---------

The RFU loan is secured against land and buildings.

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

	2025	2024
	£	£
RFU loan	28,362	35,026
Deferred income	721,167	712,385
Other creditors	14,224	22,948
	----------	----------
	763,753	770,359
	----------	----------

The RFU loan is secured against land and buildings.