REGISTERED NUMBER: 08057072 (Wales)

Run 4 Wales Ltd.

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Cole

N B Roberts

M C Newman

H W Brasher

M Nash

D A Powell

S Brace

J S M Wong

REGISTERED OFFICE:

The Pod, Number 1

Capital Retail Park

Leckwith

Cardiff

Mid Glamorgan

CF11 8EG

REGISTERED NUMBER:

08057072 (Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

FIXED ASSETS

Tangible assets

4

52,147

3,215

Investments

5

26,381

4,544

78,528

7,759

CURRENT ASSETS

Debtors

6

655,719

604,275

Cash at bank

2,214,238

1,580,196

2,869,957

2,184,471

CREDITORS

Amounts falling due within one year

7

2,620,170

1,898,546

NET CURRENT ASSETS

249,787

285,925

TOTAL ASSETS LESS CURRENT LIABILITIES

328,315

293,684

CREDITORS

Amounts falling due after more than one year

8

34,144

-

NET ASSETS

294,171

293,684

RESERVES

Income and expenditure account

294,171

293,684

294,171

293,684

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 24 June 2025 and were signed on its behalf by:

N B Roberts - Director

1.	STATUTORY INFORMATION

Run 4 Wales Ltd. is a private company, limited by guarantee , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements, which is a public benefit company 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 includes income received from grants, sponsorships marketing opportunities and event admission charges, net of VAT.

Where amounts are received in advance for admission to events they are included in deferred income until the appropriate date of the event.

Where amounts are received for marketing of an event then the income is released on a systematic basis over the period from sign up to the date of the event as the benefits of the sponsorship are considered to have commenced from the initial date.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

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.

Grants receivable

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are included the profit and loss account in line with the relevant expenditure. Where unspent or provided for a period outside the financial year amounts are included in deferred income.

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.

Debtors

Amounts recoverable on contracts are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fixed asset investments

Fixed asset investments are recorded at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

4,287

-

4,287

Additions

11,972

40,750

52,722

At 31 December 2024

16,259

40,750

57,009

DEPRECIATION

At 1 January 2024

1,072

-

1,072

Charge for year

3,790

-

3,790

At 31 December 2024

4,862

-

4,862

NET BOOK VALUE

At 31 December 2024

11,397

40,750

52,147

At 31 December 2023

3,215

-

3,215

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

4,544

Additions

21,837

At 31 December 2024

26,381

NET BOOK VALUE

At 31 December 2024

26,381

At 31 December 2023

4,544

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

299,842

316,264

Other debtors

355,877

288,011

655,719

604,275

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

5,606

-

Trade creditors

48,818

294,869

Taxation and social security

26,324

42,089

Other creditors

2,539,422

1,561,588

2,620,170

1,898,546

Included in Other creditors is an amount of £2,204,437 (2023: £1,306,827) representing income for deferred events.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

34,144

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

5,606

-

Between one and five years

34,144

-

39,750

-

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Francis ACA FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

11.	RELATED PARTY DISCLOSURES

During the year, Run 4 Wales Limited agreed to make a donation of £73,666 (2023: £nil) to its former parent, Run 4 Wales Charitable Foundation, a Charitable Incorporated Organisation (CIO).

During the year, Run 4 Wales Limited agreed to make a donation of £73,666 (2023: £nil) to The London Marathon Charitable Trust Limited.

12.	LIMITED BY GUARANTEE

The company is limited by guarantee and accordingly does not have share capital.

Every member of the company undertakes to contribute such amounts as may be required not exceeding £1, to the assets of the company in the event of it being wound up while he or she is a member, or within one year after, he or she ceases to be a member.