Aberystwyth Rugby Football Club (2019) Limited 30/04/2025 iXBRL

Company registration number: 12135441

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Unaudited financial statements

30 April 2025

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Contents

Directors and other information

Directors report

Accountant's report

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Directors and other information


Directors	Mr John Emlyn Jones	(Appointed 28 August 2024)
	Mrs Catrin Teleri Hopkins	(Appointed 28 August 2024)
	Mr Matthew Philip Watkins
	Mr David Craig Turner	(Appointed 1 May 2024)
	Mr David Raymond Evans
	Mr Robert Read
	Mr Llywelyn Gwynfil Evans


Company number	12135441


Registered office	Aberystwyth Rugby Club
	Plascrug
	Aberystwyth
	SY23 1HL


Accountant	Davies Lewis Baker
	31 Bridge Street
	Aberystwyth
	Ceredigion
	SY23 1QB

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Directors report

Year ended 30 April 2025

The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2025.

Directors

The directors who served the company during the year were as follows:


Mr John Emlyn Jones				(Appointed 28 August 2024)
Mrs Catrin Teleri Hopkins				(Appointed 28 August 2024)
Mr Matthew Philip Watkins
Mr David Craig Turner				(Appointed 1 May 2024)
Mr David Raymond Evans
Mr Robert Read
Mr Llywelyn Gwynfil Evans

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 January 2026 and signed on behalf of the board by:

Mr John Emlyn Jones

Director

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Aberystwyth Rugby Football Club (2019) Limited

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Aberystwyth Rugby Football Club (2019) Limited for the year ended 30 April 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Aberystwyth Rugby Football Club (2019) Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Aberystwyth Rugby Football Club (2019) Limited and state those matters that we have agreed to state to the board of directors of Aberystwyth Rugby Football Club (2019) Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Aberystwyth Rugby Football Club (2019) Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Aberystwyth Rugby Football Club (2019) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aberystwyth Rugby Football Club (2019) Limited. You consider that Aberystwyth Rugby Football Club (2019) Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Aberystwyth Rugby Football Club (2019) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Davies Lewis Baker

31 Bridge Street

Aberystwyth

Ceredigion

SY23 1QB

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Statement of comprehensive income

Year ended 30 April 2025

		2025	2024
	Note	£	£


Turnover		-	-
Cost of sales		-	-
Administrative expenses		( 116,170)	( 71,149)
Other operating income		149,124	74,947
		_______	_______
Operating profit		32,954	3,798

Other interest receivable and similar income		726	726
Interest payable and similar expenses		( 335)	( 381)
Profit before taxation	6	33,345	4,143

Tax on profit		-	-
		_______	_______
Profit for the financial year and total comprehensive income		33,345	4,143
		_______	_______

All the activities of the company are from continuing operations.

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	7	451,055		430,683
Investments	8	15,800		15,800
		_______		_______
			466,855		446,483

Current assets
Debtors	9	42,507		17,638
Cash at bank and in hand		80,486		77,940
		_______		_______
		122,993		95,578
Creditors: amounts falling due
within one year	10	( 19,024)		( 24,624)
		_______		_______
Net current assets			103,969		70,954
			_______		_______
Total assets less current liabilities			570,824		517,437

Creditors: amounts falling due
after more than one year	11		( 45,346)		( 25,304)
			_______		_______
Net assets			525,478		492,133
			_______		_______

Capital and reserves
Profit and loss account			525,478		492,133
			_______		_______
Members funds			525,478		492,133
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared 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'.

These financial statements were approved by the board of directors and authorised for issue on 19 January 2026 , and are signed on behalf of the board by:

Mr John Emlyn Jones

Director

Company registration number: 12135441

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Statement of changes in equity

Year ended 30 April 2025

	Profit and loss account	Total
	£	£


At 1 May 2023	487,990	487,990

Profit for the year	4,143	4,143
	_______	_______
Total comprehensive income for the year	4,143	4,143

	_______	_______
At 30 April 2024 and 1 May 2024	492,133	492,133

Profit for the year	33,345	33,345
	_______	_______
Total comprehensive income for the year	33,345	33,345

	_______	_______
At 30 April 2025	525,478	525,478
	_______	_______

Aberystwyth Rugby Football Club (2019) Limited

Company limited by guarantee

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by guarantee, registered in Wales. The address of the registered office is Aberystwyth Rugby Club, Plascrug, Aberystwyth, SY23 1HL.

2. Statement of compliance

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

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Taxation

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.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation.

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:


Plant and machinery	-	10 %	reducing balance
Fittings fixtures and equipment	-	10 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the club will comply with the conditions attaching to them and the grants will be received.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Limited by guarantee

The company is limited by guarantee.The liability of existing members (and former members ceasing within one year of a winding up petition) is limited to £1.

5. Employee numbers

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

6. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	12,337	3,135
	_______	_______

7. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 May 2024	402,469	27,045	16,782	446,296
Additions	-	32,710	-	32,710
	_______	_______	_______	_______
At 30 April 2025	402,469	59,755	16,782	479,006
	_______	_______	_______	_______
Depreciation
At 1 May 2024	-	9,671	5,943	15,614
Charge for the year	-	11,252	1,085	12,337
	_______	_______	_______	_______
At 30 April 2025	-	20,923	7,028	27,951
	_______	_______	_______	_______
Carrying amount
At 30 April 2025	402,469	38,832	9,754	451,055
	_______	_______	_______	_______
At 30 April 2024	402,469	17,374	10,839	430,682
	_______	_______	_______	_______

8. Investments

		Other investments other than loans
		£
	Cost
	At 1 May 2024 and 30 April 2025	15,800
		_______
	Impairment
	At 1 May 2024 and 30 April 2025	-
		_______
	Carrying amount
	At 30 April 2025	15,800
		_______
	At 30 April 2024	15,800
		_______

The Club owns Welsh Rugby Union Debentures. The full cost of the debentures will be returned upon redemption.

9. Debtors

	2025	2024
	£	£
Other debtors	42,507	17,638
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,892	4,892
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9,407	8,874
Other creditors	4,725	10,858
	_______	_______
	19,024	24,624
	_______	_______

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

	2025	2024
	£	£
Bank loans and overdrafts	9,654	11,554
Other creditors	35,692	13,750
	_______	_______
	45,346	25,304
	_______	_______

12. Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractualprovisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless thearrangement constitutes a financing transaction, where it is recognised at the present value of the future paymentsdiscounted at a market rate of interest for a similar debt instrument.

13. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
ARFC Commercial Limited	-	-	3,888	9,810
Donations received	39,805	9,800	-	-
	_______	_______	_______	_______

14. General information

Aberystwyth Rugby Club incorporated on 2 August 2019 and all activity was transferred to the new entity on 1 November 2019. Aberystwyth Rugby Football Club (2019) Limited completed its registration as a Community Amateur Sports Club in the year.

15. Discontinued activities

In order to comply with CASC requirements all trading activities were transferred to a wholly owned subsidiary company, ARFC Commercial Limited on 10 December 2019.