Old Silhillians Association Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00855344

Old Silhillians Association Limited

Filleted Financial Statements

31 July 2025

Old Silhillians Association Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,754,562	1,766,426

Current assets

Stocks		7,895	9,680
Debtors	6	38,787	39,447
Cash at bank and in hand		346,058	350,176
		---------	---------
		392,740	399,303

Creditors: amounts falling due within one year	7	129,042	105,448
		---------	---------
Net current assets		263,698	293,855
		------------	------------
Total assets less current liabilities		2,018,260	2,060,281

Creditors: amounts falling due after more than one year	8	493,827	557,019

Provisions

Pensions and similar obligations	9	180,004	160,004
Taxation including deferred tax	9	103,046	103,046
		---------	---------
		283,050	263,050
		------------	------------
Net assets		1,241,383	1,240,212
		------------	------------

Capital and reserves

Profit and loss account	11	1,241,383	1,240,212
		------------	------------
Shareholders funds		1,241,383	1,240,212
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Old Silhillians Association Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 November 2025 , and are signed on behalf of the board by:

Mr G R Loader

Director

Company registration number: 00855344

Old Silhillians Association Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by guarantee without share capital, registered in England and Wales. The address of the registered office is The Memorial Club House, Warwick Road, Knowle, Solihull, West Midlands, B93 9LW. The principal activity of the company during the year was that of a licensed club and operation of sports facilities.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Capital grants and donations

Grants and donations received towards the cost of the astroturf facility and the redevelopment of the clubhouse are treated as deferred income and will be transferred to the profit and loss account in instalments over the estimated useful life of the assets concerned on a basis consistent with the depreciation policy.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS 102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the goods and services have been provided to the buyer, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Mutual trade exemption is claimed on some of the taxable profits on the basis a mutual trade is carried out. The exemption is applied to expenses on a proportionate basis using turnover. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	10% straight line
Clubhouse Improvements	-	50 year term
Astroturf facility	-	15 year term

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. The maintenance of the astroturf facility used within the entity's trade, is included within provisions and is released on a straight line basis to the profit and loss account over 5 years in order to reflect the wear and tear of the facility annually.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Freehold property	Plant and machinery	Clubhouse improvements	Astroturf facility	Total
	£	£	£	£	£
Cost
At 1 August 2024	305,102	85,848	1,796,047	445,153	2,632,150
Additions	–	56,341	–	–	56,341
	---------	---------	------------	---------	------------
At 31 July 2025	305,102	142,189	1,796,047	445,153	2,688,491
	---------	---------	------------	---------	------------
Depreciation
At 1 August 2024	56,775	55,400	323,289	430,260	865,724
Charge for the year	6,102	11,289	35,921	14,893	68,205
	---------	---------	------------	---------	------------
At 31 July 2025	62,877	66,689	359,210	445,153	933,929
	---------	---------	------------	---------	------------
Carrying amount
At 31 July 2025	242,225	75,500	1,436,837	–	1,754,562
	---------	---------	------------	---------	------------
At 31 July 2024	248,327	30,448	1,472,758	14,893	1,766,426
	---------	---------	------------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	23,568	15,571
Prepayments and accrued income	15,219	23,876
	--------	--------
	38,787	39,447
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	34,849	31,701
Accruals and deferred income	59,030	27,358
Social security and other taxes	18,538	20,852
Other creditors	6,625	15,537
	---------	---------
	129,042	105,448
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,667	11,667
Accruals and deferred income	492,160	545,352
	---------	---------
	493,827	557,019
	---------	---------

Included within creditors greater than one year are secured debts which include the following charges and beneficial interests:

On 8 December 2010 a legal charge of £115,000 was created in favour of The English Sports Council over the Company's freehold property for grants received or receivable for the astroturf facility.

On 29 August 2014 a further charge for £490,000 was created in favour of The English Sports Council over the Company's freehold property for grants received or receivable for the clubhouse development and subject to the terms and conditions included in the Lottery Funding Agreement dated 29 August 2014.

The Rugby Football Union retains a beneficial interest for ten years in respect of a grant of £80,000 towards the construction of changing rooms and clubhouse development.

Deferred income included within creditors due in more than one year is released on a straight line basis of £39,900 annually to the profit and loss account. The carrying amount at year end was £492,160 (2024:£545,352)

Included within bank loans and overdrafts in more than one year is is a loan repayable in instalments by September 2026. The interest payable on the loan is 2.5%.

9. Provisions

	Deferred tax (note 10)	Astroturf provisions	Total
	£	£	£
At 1 August 2024	103,046	160,004	263,050
Additions	–	20,000	20,000
	---------	---------	---------
At 31 July 2025	103,046	180,004	283,050
	---------	---------	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	103,046	103,046
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	103,046	103,046
	---------	---------

11. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

12. Summary audit opinion

The auditor's report dated 24 November 2025 was unqualified .

The senior statutory auditor was Philippa Miller-Hawkes BA CA , for and on behalf of BSN Associates Limited .