REGISTERED NUMBER: 08891815 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WIGAN BOYS & GIRLS CLUB (TRADING)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A I G Ashworth-Steen

G Speakman

P G Farrington

M R Hilton

REGISTERED OFFICE:

Wigan Youth Zone

Parsons Walk

Wigan

Lancashire

WN1 1RU

REGISTERED NUMBER:

08891815 (England and Wales)

AUDITORS:

Fairhurst Audit Services Ltd

Statutory Auditor

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Barclays Bank PLC

Victoria House

6 Market Place

Wigan

Lancashire

WN1 1QS

FIXED ASSETS

Tangible assets

4

1,682,711

1,717,004

CURRENT ASSETS

Debtors

5

5,104

25,710

Cash at bank and in hand

114,783

116,434

119,887

142,144

CREDITORS

Amounts falling due within one year

6

100,069

111,293

NET CURRENT ASSETS

19,818

30,851

TOTAL ASSETS LESS CURRENT LIABILITIES

1,702,529

1,747,855

CAPITAL AND RESERVES

Called up share capital

7

2,000,002

2,000,002

Retained earnings

(297,473

)

(252,147

)

SHAREHOLDERS' FUNDS

1,702,529

1,747,855

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 22 December 2025 and were signed on its behalf by:

G Speakman - Director

1.	STATUTORY INFORMATION

Wigan Boys & Girls Club (Trading) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The company remains reliant on the financial and management support of the parent charity and this has been confirmed for the foreseeable future. There has been an operating profit in the financial year and recent trading figures and funding projections have been prepared which show that the charity will continue to provide sufficient funds to allow the company to continue to trade and prepare accounts on a going concern basis.

Turnover

Turnover represents income generated from catering services net of value added tax.

Sales of goods and services are recognised when the title of goods has passed.

Tangible fixed assets

Tangible fixed assets are measured at cost less depreciation and impairment.

Depreciation is calculated to write down the cost less estimated value of all tangible fixed assets, other than land, over their expected useful lives, using the straight line method.

The depreciation rates are as follows:-

Long leasehold land and buildings

- 1% on cost

Fixtures and fittings

- 10% on cost

Computer equipment

- 25% on cost

Software development

- 25% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset in prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and related party loans.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Related party loans have no stated interest rate, are payable within one year and are measured at the undiscounted amount due.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Long

leasehold

Fixtures

land and

Software

and

Computer

buildings

development

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

1,827,520

10,000

152,513

31,099

2,021,132

DEPRECIATION

At 1 April 2024

150,852

10,000

112,177

31,099

304,128

Charge for year

18,597

-

15,696

-

34,293

At 31 March 2025

169,449

10,000

127,873

31,099

338,421

NET BOOK VALUE

At 31 March 2025

1,658,071

-

24,640

-

1,682,711

At 31 March 2024

1,676,668

-

40,336

-

1,717,004

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,641

24,663

Other debtors

463

703

Prepayments and accrued income

-

344

5,104

25,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,050

4,915

Amounts owed to group undertakings

84,344

90,387

Tax

-

1,772

Social security and other taxes

7,425

6,608

Other creditors

-

338

Accrued expenses

7,250

7,273

100,069

111,293

Whilst the monies owed to the charity are repayable on demand, there are no plans for repayment for the foreseeable future.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary A

£1

1

1

2,000,000

Preference

£1

2,000,000

2,000,000

2,000,002

2,000,002

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Louise Webster BSc BFP ACA (Senior Statutory Auditor)

for and on behalf of Fairhurst Audit Services Ltd

9.	OTHER FINANCIAL COMMITMENTS

There is a lease relating to the long leasehold land at Parsons Walk, Wigan with Wigan Borough Council. The principal rent is an annual sum of one peppercorn.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the group.

11.	ULTIMATE CONTROLLING PARTY