REGISTERED NUMBER: 15132554 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

CREDITON RUGBY FOOTBALL CLUB COMMERCIAL

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E M Goodman

M J Gulley

T V S Newstead

DJ Park

P Tearle

REGISTERED OFFICE:

Ground Floor

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

BUSINESS ADDRESS:

Ground and Clubhouse

The Blagdon Ground

Exhibition Way

Crediton

Devon

EX17 1EP

REGISTERED NUMBER:

15132554 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

CURRENT ASSETS

Stocks

21,046

Debtors

4

24,508

Cash at bank and in hand

49,291

94,845

CREDITORS

Amounts falling due within one year

5

(94,844

)

NET CURRENT ASSETS

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1

CAPITAL AND RESERVES

Called up share capital

1

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

E M Goodman - Director

1.	COMPANY INFORMATION

Crediton Rugby Football Club Commercial 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

7,745

VAT

11,861

Prepayments and accrued income

4,902

24,508

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

4,690

Amounts owed to group undertakings

15,479

Accruals and deferred income

74,675

94,844

6.	RELATED PARTY DISCLOSURES

Crediton Rugby Football Club Commercial Limited is a wholly owned subsidiary of Crediton Rugby Football Club Limited. Its purpose is to provide the club's commercial operations.

During the year, Crediton Rugby Football Club Commercial Limited has advanced various informal loans to Crediton Rugby Football Club Limited to support that entity's working capital requirements.

At the balance sheet date, the outstanding loan balance amounted to £8,108. The loan is interest free and repayable on demand.

Management charges amounting to £12,841 have been charged by Crediton Rugby Football Club Limited to Crediton Rugby Football Club Commercial Ltd representing 5% of the annual commercial income.

Crediton Rugby Football Club Commercial Limited is contracted to pay an amount of £12,698 to Crediton Rugby Football Club Limited under the terms of a legally binding resource sharing agreement between the two entities.

Crediton Rugby Football Club Commercial Limited has pledged to make a charitable donation of £71,330 which will be paid to Crediton Rugby Football Club Limited on or before 31 January 2026.