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Registration number: 07224596

University Vandals Limited
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

University Vandals Limited

Contents

Company Information | 1
Directors' Report | 2 to 3
Accountants' Report | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Financial Statements | 7 to 14

University Vandals Limited

Company Information

Directors | S J Hussey K Crabb M J Baxter D A Hall M S Dukoff-Gordon A C Nettleship J E Howkins

Registered office | First Floor 111 Queens Road Weybridge Surrey KT13 9UN

Accountants | Atek Accounting Solutions Ltd 111 Queens Road Weybridge Surrey KT13 9UN

University Vandals Limited

Directors' Report for the Year Ended 30 April 2025

The directors present their report and the financial statements for the year ended 30 April 2025.

Directors of the company

The directors who held office during the year were as follows:

S J Hussey

K Crabb (appointed 17 October 2024)

M J Baxter

D A Hall

S Owen (ceased 17 October 2024)

M S Dukoff-Gordon

A C Nettleship

J E Howkins

Principal activity

The principal activity of the company is playing of rugby union football, cricket and netball

Business Review

Throughout 24-25 Weybridge Vandals Rugby, Netball and Cricket have built on the consistent support of its members and continues to invest in the fabric of the Club, facilities and the sporting sections.
Following the last years formation of the wholly owned trading subsidiary,- Vandals Trading ltd, this report shows the first period of reporting across two entities hence no rental income is presented within these accounts.
General Subscriptions increases to senior playing membership together with the continued growth of the junior sections, particularly the welcomed growth of the Valkyries, developing girls and women’s Rugby through dedicated coaching, and an increased focus on junior boys and girls’ Cricket have strengthened income.
The early moves made to bring the burgeoning Netball section to the grounds permanently to enhance footfall have moved forward to the Planning stage. These initiatives, together with our long- standing reputation as a club for the community, build on our vision to be a fully inclusive multi-sport facility.
Through our development fund, we have made further significant investment in the Club with the installation of new Toilet and Baby changing facilities and have also further completed essential grounds and facility works which underpin future development.
However-whilst our income from our core membership activities such as bar revenue and subscriptions has remained steady despite the general downturn in the economy, we have like other businesses, still experience significant pressure from increases in utility services and property maintenance costs, together with new minimum wage and taxation legislation.
The Board and key volunteers continue to keep a sharp focus on club running costs whilst providing high levels of facilities to the members.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

University Vandals Limited

Directors' Report for the Year Ended 30 April 2025 (continued)

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:

......................................... K Crabb Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
University Vandals Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of University Vandals Limited for the year ended 30 April 2025 as set out on pages 5 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accounts (CIMA), we are subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Professionalism/Ethics/CIMA-code-of-ethics-for-professional-accountants/

This report is made solely to the Board of Directors of University Vandals Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of University Vandals Limited and state those matters that we have agreed to state to the Board of Directors of University Vandals Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than University Vandals Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that University Vandals Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of University Vandals Limited. You consider that University Vandals Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of University Vandals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Atek Accounting Solutions Ltd
111 Queens Road
Weybridge
Surrey
KT13 9UN

Date:.............................

University Vandals Limited

(Registration number: 07224596)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 196,691 | 227,199
Investments | 6 | 100 | 100
|  | 196,791 | 227,299
Current assets |  |  |
Stocks | 7 | 11,093 | 21,339
Debtors | 8 | 208,510 | 46,042
Cash at bank and in hand |  | 147,316 | 150,553
|  | 366,919 | 217,934
Creditors: Amounts falling due within one year | 9 | (128,690) | (36,349)
Net current assets |  | 238,229 | 181,585
Net assets |  | 435,020 | 408,884
Reserves |  |  |
Other reserves |  | 448,921 | 413,786
Retained earnings |  | (13,901) | (4,902)
Surplus |  | 435,020 | 408,884

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:

......................................... K Crabb Director

University Vandals Limited

Statement of Changes in Equity for the Year Ended 30 April 2025

| Other reserves £ | Retained earnings £ | Total £
At 1 May 2024 | 415,270 | (4,903) | 410,367
Deficit for the year | - | (8,998) | (8,998)
Other comprehensive income | 33,651 | - | 33,651
Total comprehensive income | 33,651 | (8,998) | 24,653
At 30 April 2025 | 448,921 | (13,901) | 435,020

| Other reserves £ | Retained earnings £ | Total £
At 1 May 2023 | 343,375 | 29,386 | 372,761
Deficit for the year | - | (34,288) | (34,288)
Other comprehensive income | 70,411 | - | 70,411
Total comprehensive income | 70,411 | (34,288) | 36,123
At 30 April 2024 | 413,786 | (4,902) | 408,884

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
First Floor
111 Queens Road
Weybridge
Surrey
KT13 9UN

These financial statements were authorised for issue by the Board on 9 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Other grants

Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Grants received during the period for capital expenditure is provided within reserves. The grant is released at the same rate as the depreciation charge against the items to which it relates.

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line
Access road & car park | 4% straight line
Floodlights | 10% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 12).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 22,579 | 21,862

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

5 | Tangible assets

| Access road & car park £ | Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 May 2024 | 84,667 | 3,381 | 314,048 | 402,096
Additions | - | - | 9,119 | 9,119
At 30 April 2025 | 84,667 | 3,381 | 323,167 | 411,215
Depreciation
At 1 May 2024 | 39,328 | - | 135,569 | 174,897
Charge for the year | 4,244 | - | 35,383 | 39,627
At 30 April 2025 | 43,572 | - | 170,952 | 214,524
Carrying amount
At 30 April 2025 | 41,095 | 3,381 | 152,215 | 196,691
At 30 April 2024 | 45,339 | 3,381 | 178,479 | 227,199

6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
Additions | 100
Carrying amount
At 30 April 2025 | 100
At 30 April 2024 | 100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

6 | Investments (continued)

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Vandals Trading Ltd | 1st Floor, 111 Queens Road Weybridge, Surrey KT13 9UN England | Ordinary | 100% | 100%

Subsidiary undertakings
Vandals Trading Ltd The principal activity of Vandals Trading Ltd is Sports club bar and property management.

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 11,093 | 21,339

8 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 6,721 | 20,645
Amounts owed by related parties | 11 | 163,876 | -
Prepayments |  | 13,392 | 11,552
Other debtors |  | 24,521 | 13,845
|  | 208,510 | 46,042

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 34,726 | 14,529
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 11 | 55,143 | 10,023
Accruals and deferred income |  | 26,030 | 4,880
Other creditors |  | 12,791 | 6,917
|  | 128,690 | 36,349

10 | Reserves

| Development Fund
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 91,972 |  | 78,097
Grants | 35,000 |  | -
500 Club | 17,435 |  | 13,875
At 30 April 2025 | 144,406 |  | 91,972

| Tangible Fixed Asset Fund
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 99,461 |  | 56,802
Assets purchased against development fund |  |  |
Assets purchased against cricket fundraising fund |  |  |
Depreciation against assets purchased | (17,048) |  | (9,260)
At 30 April 2025 | 82,413 |  | 99,461

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

10 | Reserves (continued)

| Cricket Fundraising Fund
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 12,772 |  | -
Donations | 2,507 |  | 47,665
Sponsorship | - |  | 10,000
Elmbridge grant | - |  | 15,000
Expenditure in the period | (1,550) |  | (7,974)
Cricket practice facility transferred to fixed asset fund | - |  | (51,919)
At 30 April 2025 | 13,729 |  | 12,772

| Flood Relief Fund
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 85 |  | 85
Expenditure in the year | - |  | -
Transfer to capital reserve | - |  | -
At 30 April 2025 | 85 |  | 85

| Minis and Juniors Funds
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 13,964 |  | 12,859
Funds raised in year | (1,209) |  | 1,105
Expenditure in year | - |  | -
Taken to profit | - |  | -
At 30 April 2025 | 12,755 |  | 13,964

University Vandals Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025 (continued)

10 | Reserves (continued)

| Capital Reserves
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | 195,532 |  | 195,532
| - |  | -
At 30 April 2025 | 195,532 |  | 195,532

| Profit and Loss Account
| 2025 |  | 2024
| £ |  | £
At 1 May 2024 | (4,902) |  | 29,386
Profit/(Loss) for the year | (8,998) |  | (34,288)
At 30 April 2025 | (13,901) |  | (4,902)

11 | Related party transactions

Summary of transactions with all subsidiaries

During the period, the company paid and received funds on behalf of Vandals Trading Ltd, a wholly owned susidiary. During the period £178,606 was paid on behalf of the company (2024: nil) and £83,149 was received on its behalf (2024: nil). The balance outstanding at the end of the period, owed by Vandals Trading Ltd £95,457 (2024: nil).