REGISTERED NUMBER: 05002706 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Spennymoor Town FC Ltd.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Groves

Mr I Geldard

REGISTERED OFFICE:

The Brewery Field

Wood Vue

Spennymoor

Co. Durham

DL16 6JN

REGISTERED NUMBER:

05002706 (England and Wales)

FIXED ASSETS

Tangible assets

4

230,614

296,913

CURRENT ASSETS

Stocks

6,513

15,401

Debtors

32,783

119,172

Cash at bank

32,091

10,789

71,387

145,362

CREDITORS

Amounts falling due within one year

1,020,071

1,239,971

NET CURRENT LIABILITIES

(948,684

)

(1,094,609

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(718,070

)

(797,696

)

CREDITORS

Amounts falling due after more than one year

427,000

427,000

NET LIABILITIES

(1,145,070

)

(1,224,696

)

RESERVES

Income and expenditure account

(1,145,070

)

(1,224,696

)

(1,145,070

)

(1,224,696

)

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 B Groves - Director

1.	STATUTORY INFORMATION

Spennymoor Town FC Ltd. 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% 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.

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.

Going concern

The directors have assessed that the Balance Sheet and likely future cash flows at the date of approving these financial statements. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of singing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

690,594

DEPRECIATION

At 1 January 2024

393,681

Charge for year

66,299

At 31 December 2024

459,980

NET BOOK VALUE

At 31 December 2024

230,614

At 31 December 2023

296,913

5.	RELATED PARTY DISCLOSURES

At 31 December 2024 the Company owed Mr B Groves £260,991 (2023 £1,048,401). There is no interest charged on the loans.