Company Registration No. 03566914 (England and Wales)
Walsall Rugby Football Club (trading) Limited
Unaudited accounts
for the year ended 30 April 2025
Walsall Rugby Football Club (trading) Limited
Unaudited accounts
Contents
Walsall Rugby Football Club (trading) Limited
Company Information
for the year ended 30 April 2025
Company Number
03566914 (England and Wales)
Registered Office
Walsall Rugby Football Club
Delves Road
Walsall
WS1 3JY
Accountants
Sedgley Accounting and Business Services Limited
13 Warren Drive
Sedgley
DY3 3RQ
Walsall Rugby Football Club (trading) Limited
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
133,879
153,283
Creditors: amounts falling due within one year
(399,862)
(388,554)
Net current liabilities
(246,896)
(218,281)
Total assets less current liabilities
(246,896)
(218,281)
Creditors: amounts falling due after more than one year
(243,991)
(256,201)
Net liabilities
(490,887)
(474,482)
Called up share capital
2
2
Fair value reserve
23,165
23,165
Profit and loss account
(514,054)
(497,649)
Shareholders' funds
(490,887)
(474,482)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2025 and were signed on its behalf by
T Smith
Director
Company Registration No. 03566914
Walsall Rugby Football Club (trading) Limited
Notes to the Accounts
for the year ended 30 April 2025
Walsall Rugby Football Club (trading) Limited is a private company, limited by shares, registered in England and Wales, registration number 03566914. The registered office is Walsall Rugby Football Club, Delves Road, Walsall, WS1 3JY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company is expected to generate positive cash flows on its own
account for the foreseeable future. The company participates in the group's centralised treasury arrangements and so shares banking arrangements with its parent.
The director, having assessed the responses to their enquiries from company's parent, Walsall Rugby Football Club Limited, have no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the Walsall Rugby Football Club group to continue as a going concern or its ability to continue with the current banking arrangements.
On the basis of their assessment of the company's financial position and of the enquiries made of the directors of Walsall Rugby Football Club Limited, the company's director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Walsall Rugby Football Club (trading) Limited
Notes to the Accounts
for the year ended 30 April 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Amounts falling due within one year
Trade debtors
11,435
8,912
Accrued income and prepayments
1,780
1,771
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,664
11,664
Trade creditors
9,233
25,547
Amounts owed to group undertakings and other participating interests
353,159
318,735
Taxes and social security
484
309
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
243,991
256,201
Aggregate of amounts that fall due for payment after five years
108,005
137,541
7
Average number of employees
During the year the average number of employees was 11 (2024: 11).