REGISTERED NUMBER: 03975817 (England and Wales)

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 29 JUNE 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A Cassar

J W T Pearson

N P Taplin

I V Walkom

Ms L Hind

A Marshall

D Bendall

L J Howgill

Ms L C Wain

Ms M S Robinson

SECRETARY:

N A Cassar

REGISTERED OFFICE:

Winklebury Football Complex

Winklebury Way

Basingstoke

Hampshire

RG23 8BF

REGISTERED NUMBER:

03975817 (England and Wales)

FIXED ASSETS

Tangible assets

4

982,729

999,458

Investments

5

100

100

982,829

999,558

CURRENT ASSETS

Stocks

3,598

2,196

Debtors

6

718,282

774,449

Cash at bank and in hand

77,931

82,002

799,811

858,647

CREDITORS

Amounts falling due within one year

7

(738,739

)

(568,410

)

NET CURRENT ASSETS

61,072

290,237

TOTAL ASSETS LESS CURRENT LIABILITIES

1,043,901

1,289,795

CREDITORS

Amounts falling due after more than one year

8

(75,184

)

(109,687

)

PROVISIONS FOR LIABILITIES

(57,769

)

(47,511

)

NET ASSETS

910,948

1,132,597

RESERVES

Non-distributable reserve

163,242

163,242

Income and expenditure account

747,706

969,355

910,948

1,132,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 June 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.

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 4 November 2025 and were signed on its behalf by:

N A Cassar - Director

1.	STATUTORY INFORMATION

Hampshire Football Association Limited 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The accounting period has reduced by one day compared to the prior year, therefore the financial statements are not entirely comparable.

Preparation of consolidated financial statements

The financial statements contain information about Hampshire Football Association Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts receivable in the course of running the affairs of the company, exclusive of value added tax.

Tangible fixed assets

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

Short leasehold

- 60 years straight line, calculated monthly

Solar panels

- 25 years straight line, calculated monthly

Plant and machinery

- 25% straight line, calculated monthly

Office furniture and fittings

- 25% straight line, calculated monthly

Office equipment

- 25% straight line, calculated monthly

Computer equipment

- 25% straight line, calculated monthly

Motor Vehicles

- 25% straight line, calculated monthly

Trophies and memorabilia are revalued every 3-5 years and the latest valuation has been included in these financial statements. Accordingly, trophies and memorabilia are not depreciated.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

Financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company

Taxation

Taxation for the period 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 period 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.

Pension contributions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income and expenditure account.

Government grants

The following government grants have been received during the year:

- FA Grants: the accrual method has been used to the recognise the grants on a systematic basis over the period for which the funding is provided.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 28 (2023 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Trophies

Short

and

Plant and

leasehold

memorabilia

machinery

£

£

£

COST OR VALUATION

At 1 July 2023

905,270

266,663

64,522

Additions

-

858

770

At 29 June 2024

905,270

267,521

65,292

DEPRECIATION

At 1 July 2023

216,009

-

37,216

Charge for period

15,088

-

2,216

At 29 June 2024

231,097

-

39,432

NET BOOK VALUE

At 29 June 2024

674,173

267,521

25,860

At 30 June 2023

689,261

266,663

27,306

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 July 2023

77,172

81,340

1,394,967

Additions

449

5,349

7,426

At 29 June 2024

77,621

86,689

1,402,393

DEPRECIATION

At 1 July 2023

76,537

65,747

395,509

Charge for period

636

6,215

24,155

At 29 June 2024

77,173

71,962

419,664

NET BOOK VALUE

At 29 June 2024

448

14,727

982,729

At 30 June 2023

635

15,593

999,458

Trophies and memorabilia were last revalued for insurance purposes on 27 June 2023 by Wessex Valuations.

Cost or valuation at 29 June 2024 is represented by:

Trophies

Short

and

Plant and

leasehold

memorabilia

machinery

£

£

£

Valuation in 2012

-

117,412

-

Valuation in 2015

-

17,575

-

Valuation in 2020

-

40,128

-

Valuation in 2023

-

35,638

-

Cost

905,270

56,768

65,292

905,270

267,521

65,292

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2012

-

-

117,412

Valuation in 2015

-

-

17,575

Valuation in 2020

-

-

40,128

Valuation in 2023

-

-

35,638

Cost

77,621

86,689

1,191,640

77,621

86,689

1,402,393

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2023

and 29 June 2024

100

NET BOOK VALUE

At 29 June 2024

100

At 30 June 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

29,413

16,502

Amounts owed by group undertakings

514,064

610,952

Other debtors

174,805

146,995

718,282

774,449

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

32,350

30,256

Trade creditors

122,404

147,221

Taxation and social security

299,806

11,165

Other creditors

284,179

379,768

738,739

568,410

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loans

75,184

109,687

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

-

16,521

-

16,521

9.	LEASING AGREEMENTS

At the balance sheet date the company had future commitments under operating leases totalling £15,782 (2023: £28,963).

In addition to the above the company has entered into a management agreement which is inextricably linked to the lease of a premises. The management agreement runs until 2028 at a cost of £25,000 per annum.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

as restated

£

£

Bank loan

108,973

139,944

The above represents two bank loans, secured over the leasehold property and by way of debenture.

11.	PRIOR YEAR ADJUSTMENT

During the year, the company identified an error in the deferred tax calculations which resulted in deferred tax now being required on the revaluation of trophies. This has been corrected by restating prior year comparatives. The impact of this adjustment is to increase the deferred tax provision by £47,511 and reduce the non-distributable reserve by the same amount.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year payments of £86,608 (2023: £nil ) were made to, or for the benefit of, a former Director. £1,044 (2023: £nil) was repaid during the year and the balance owed from the former Director at the balance sheet date was £85,564 (2023: £nil).

These payments were not authorised by the Board of Directors, and efforts will now be made to recover the sums involved.

No interest has been charged during the year and the balance is repayable on demand.

13.	POST BALANCE SHEET EVENTS

Further to Note 12, since the balance sheet date, additional payments up to August 2025 have been made to, or for the benefit of, a former Director. It is not practicable to provide a reliable estimate of the financial effect of these transactions at the date these financial statements were authorised for issue.

The Board of Directors are continuing their efforts to recover the sums involved.

14.	LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each of the members of the company agrees, in the event of the company being wound up, to contribute to any deficiency in assets a sum not exceeding £10.