REGISTERED NUMBER: 00188077 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

DINAS POWIS ATHLETIC CLUB (R.F.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D. Miller

Mrs B Morgan

G. Marks

R Williams

J Harries

SECRETARY:

H Potter

REGISTERED OFFICE:

The Club

The Common

Dinas Powis

CF64 4DL

REGISTERED NUMBER:

00188077 (England and Wales)

ACCOUNTANTS:

Hayvenhursts Accountancy

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

322,451

326,408

Investments

5

200

200

322,651

326,608

CURRENT ASSETS

Stocks

6

7,000

5,000

Debtors

7

2,521

2,656

Cash at bank and in hand

3,036

7,495

12,557

15,151

CREDITORS

Amounts falling due within one year

8

(12,105

)

(10,724

)

NET CURRENT ASSETS

452

4,427

TOTAL ASSETS LESS CURRENT LIABILITIES

323,103

331,035

CAPITAL AND RESERVES

Called up share capital

9

13

13

Revaluation reserve

10

193,210

193,210

Retained earnings

10

129,880

137,812

SHAREHOLDERS' FUNDS

323,103

331,035

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 4 November 2025 and were signed on its behalf by:

D. Miller - Director

1.	STATUTORY INFORMATION

Dinas Powis Athletic Club (R.F.) 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.

Turnover

Turnover represents bar takings together with related income, room hire and sundry income and is stated net of value added tax.

Tangible fixed assets

Depreciation is charged on fixtures and fittings at a fixed rate of 7 years in order to write off each asset over its estimated useful life. Depreciation is not charged on the freehold property. The directors undertake an annual impairment review.

Stocks

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

Pension costs and other post-retirement benefits

The company uses a defined contribution pension scheme for any full time employees to comply with Auto Enrolment Regulations. Contributions payable to the NEST pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

399,154

93,726

317

493,197

Additions

-

-

149

149

At 31 December 2024

399,154

93,726

466

493,346

DEPRECIATION

At 1 January 2024

99,684

66,881

224

166,789

Charge for year

-

4,027

79

4,106

At 31 December 2024

99,684

70,908

303

170,895

NET BOOK VALUE

At 31 December 2024

299,470

22,818

163

322,451

At 31 December 2023

299,470

26,845

93

326,408

Freehold land and buildings were revalued in January 2002. Additions since that date are stated at cost.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

200

NET BOOK VALUE

At 31 December 2024

200

At 31 December 2023

200

This relates to a Welsh Rugby Union debenture, acquired in 1976 and stated at cost.

6.

STOCKS

2024

2023

£

£

Bar stocks

7,000

5,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

703

662

Prepayments

1,818

1,994

2,521

2,656

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

2,000

-

Trade creditors

2,430

1,456

Social security and other taxes

3,292

4,283

Other creditors

-

276

Accrued expenses

4,383

4,709

12,105

10,724

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

260

Ordinary

5p

13

13

A review of shareholders has been conducted aiming at ensuring that the register of shareholders is up-to-date. As a result the Company Secretary currently holds shares of deceased members in trust for future allocation to future shareholders.

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

137,812

193,210

331,022

Deficit for the year

(7,932

)

(7,932

)

At 31 December 2024

129,880

193,210

323,090

11.	RELATED PARTY DISCLOSURES

The directors are shareholders and are not remunerated for their services. There were no transactions with directors other than subscriptions, refunds of club expenses and bar usage.

12.	ULTIMATE CONTROLLING PARTY

There is no shareholder with ultimate control.

13.

EMPLOYEES

The average number of employees registered for PAYE was 15 but only one was full-time, whilst the remainder were temporary staff, many working minimal hours.