REGISTERED NUMBER: 03454393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEWPORT (IW) FOOTBALL CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M West

Mr P Rushton

SECRETARY:

Mr M Appel

REGISTERED OFFICE:

The Innovation Centre

Monks Brook

Newport

Isle of Wight

PO30 5WB

REGISTERED NUMBER:

03454393 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

1,905

2,242

CURRENT ASSETS

Cash at bank and in hand

2,106

4,352

CREDITORS

Amounts falling due within one year

5

318,821

269,180

NET CURRENT LIABILITIES

(316,715

)

(264,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(314,810

)

(262,586

)

CAPITAL AND RESERVES

Called up share capital

6,341

6,341

Share premium

198,496

198,496

Retained earnings

(519,647

)

(467,423

)

(314,810

)

(262,586

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 and authorised for issue by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

Mr P Rushton - Director

1.	STATUTORY INFORMATION

Newport (IW) Football Club 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.

The club continues to exist by relying on voluntary donations and fundraising, as well as loans from supportive parties. The principal lenders have confirmed that they will not seek repayment of their loans until the company has sufficient funds to repay. Work has commenced on the new stadium for completion for the 2026/27 season and therefore the club will have facilities and opportunity for increased future revenue. Having taken these factor into account the directors are of the opinion that the club is a going concern and the accounts have been prepared on that basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

50% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

19,677

DEPRECIATION

At 1 April 2024

17,435

Charge for year

337

At 31 March 2025

17,772

NET BOOK VALUE

At 31 March 2025

1,905

At 31 March 2024

2,242

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

318,821

269,180

6.	RELATED PARTY DISCLOSURES

The aggregate amounts owed to directors at the balance sheet date is £39,855 (31.3.24: £39,855).

The aggregate amounts owed to an entity with a controlling interest is £10,660 (31.3.24: £10,660).

7.	ULTIMATE CONTROLLING PARTY

Newport (IW) FC Supporter's Society Ltd is the ultimate controlling party, holding 80% of the share capital.