REGISTERED NUMBER: 02843062 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VALLEY SPORTS RUGBY ASSOCIATION

FOOTBALL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Knapp

Mr L W Leeson

Mr D Lorden

Miss L J Melvin

Mr M F Yeats

Mr B G Melvin

Mr J M Melvin

Mr I B Melvin

Mr N A Melvin

SECRETARY:

Mr B G Melvin

REGISTERED OFFICE:

Butlin Road

Rugby

Warwickshire

CV21 3SD

REGISTERED NUMBER:

02843062 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

1,055,241

1,058,195

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

24,618

11,353

Cash at bank and in hand

10,617

21,328

36,235

33,681

CREDITORS

Amounts falling due within one year

6

48,000

54,021

NET CURRENT LIABILITIES

(11,765

)

(20,340

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,476

1,037,855

CREDITORS

Amounts falling due after more than one year

7

260,609

306,794

NET ASSETS

782,867

731,061

CAPITAL AND RESERVES

Called up share capital

26,290

26,290

Share premium

25,950

25,950

Revaluation reserve

275,731

275,731

Retained earnings

454,896

403,090

SHAREHOLDERS' FUNDS

782,867

731,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr N A Melvin - Director

1.	STATUTORY INFORMATION

Valley Sports Rugby Association Football 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net ticket sales and merchandising, excluding value added tax.

Tangible assets

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

Plant and machinery

-

25% on reducing balance

Medical Equipment

-

25% on reducing balance

Furniture & Equipment

-

25% on reducing balance

In the opinion of the Directors the carrying value of land and buildings is fairly stated. The Company had an option to purchase the site where the land and buildings are held and has exercised this option to purchase the freehold during the accounting period.

Stocks

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

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Medical

Furniture

Property

machinery

Equipment

& Equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

996,990

95,005

529

17,314

1,109,838

Additions

-

-

-

351

351

At 31 December 2024

996,990

95,005

529

17,665

1,110,189

DEPRECIATION

At 1 January 2024

-

34,391

435

16,817

51,643

Charge for year

-

3,070

23

212

3,305

At 31 December 2024

-

37,461

458

17,029

54,948

NET BOOK VALUE

At 31 December 2024

996,990

57,544

71

636

1,055,241

At 31 December 2023

996,990

60,614

94

497

1,058,195

Cost or valuation at 31 December 2024 is represented by:

Freehold

Plant and

Medical

Furniture

Property

machinery

Equipment

& Equipment

Totals

£

£

£

£

£

Valuation in 2006

1,256,133

-

-

-

1,256,133

Valuation in 2014

(980,402

)

-

-

-

(980,402

)

Valuation in 2016

(10,000

)

-

-

-

(10,000

)

Cost

731,259

95,005

529

17,665

844,458

996,990

95,005

529

17,665

1,110,189

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

731,259

731,259

Land and buildings were valued on a carrying value basis on 28 September 2015 by the Directors of the company .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,916

3,473

Other debtors

14,702

7,880

24,618

11,353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,695

5,828

Taxation and social security

6,560

12,448

Other creditors

35,745

35,745

48,000

54,021

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

260,609

306,794

8.	ULTIMATE PARENT COMPANY

The company is a subsidiary of and controlled by R.M.B. (Sports) Ltd who are incorporated and registered in England, company registration number 15354718.