ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 10092926

BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 10092926

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,262		-
			4,262		-
Current assets
Stocks		2,500		2,500
Debtors: amounts falling due within one year	5	1,722		846
Cash at bank and in hand	6	1,131		12,161
		5,353		15,507
Creditors: amounts falling due within one year	7	(115,751)		(83,657)
Net current liabilities			(110,398)		(68,150)
Total assets less current liabilities			(106,136)		(68,150)
Creditors: amounts falling due after more than one year	8		(2,925)		(7,974)

Net liabilities			(109,061)		(76,124)

Capital and reserves
Profit and loss account	(109,061)	(76,124)
	(109,061)	(76,124)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

REGISTERED NUMBER: 10092926

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Dr James Julian Rochford

Director

Date: 19 December 2025

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Broughton Park Trading Limited (company number 10092926) is a private company limited by guarantee registered in England and Wales. Its registered office is Broughton Park FC, 2 Hough End Playing Fields, Houghend Crescent, Chorlton-cum-Hardy, Manchester M21 7TL

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Employees
		2025	2024
		£	£

Wages and salaries	71,649	65,562
Social security costs	4,386	4,328
Cost of defined contribution scheme	872	608
	76,907	70,498

The average monthly number of employees, including directors, during the year was 11 (2024 - 9).

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Plant and machinery
		£
	Cost or valuation
	At 1 April 2024	3,530
	Additions	5,327
	At 31 March 2025	8,857
	Depreciation
	At 1 April 2024	3,530
	Charge for the year on owned assets	1,065
	At 31 March 2025	4,595
	Net book value
	At 31 March 2025	4,262
	At 31 March 2024	-

Debtors

					2025	2024
					£	£


Prepayments and accrued income	1,722	846
	1,722	846

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	1,131	12,161
	1,131	12,161

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	5,324	5,324
Trade creditors	8,666	16,103
Other taxation and social security	9,953	11,499
Other creditors	90,008	49,001
Accruals and deferred income	1,800	1,730
	115,751	83,657

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	2,925	7,974
	2,925	7,974

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BROUGHTON PARK TRADING LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	5,324	5,324
	5,324	5,324
Amounts falling due 1-2 years
Bank loans	2,925	7,974
	2,925	7,974


	8,249	13,298

Included in bank loans after more than one year is an unsecured bounce back loan. The loan is interest free for the first 12 months and is fully backed by the UK government under BBLS rules.


10.	Company status

The company is a private company limited by guarantee 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.

11.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £872 (2024 - £608) . Contributions totalling £190 (2024 - £230) were payable to the fund at the balance sheet date and are included in creditors.

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