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Registered number: 03858150
Crawley Town Football & Social Club Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
STF Accounting
Crawley Town Football & Social Club Ltd
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Crawley Town Football & Social Club Ltd
Company Information
For The Year Ended 30 June 2025
Company Information

Directors | Mr Ryan Gilbert
| Mr Daniel Khalili
| Mr Maxwell Strowman
Company Number | 03858150
Registered Office | Broadfield Stadium
| Brighton Road
| Crawley
| West Sussex
| RH11 9RX
Accountants | STF Accounting
| 1 Elmfield Park
| Bromley
| BR1 1LU

Page 1
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Crawley Town Football & Social Club Ltd
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 03858150

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 70,000 |  | 53,501
Tangible Assets | 5 |  | 43,640 |  | 52,125
|  |  | 113,640 |  | 105,626
CURRENT ASSETS
Stocks | 6 | 18,200 |  | 12,417 |
Debtors | 7 | 977,210 |  | 510,247 |
Cash at bank and in hand |  | 60,028 |  | 131,780 |
|  | 1,055,438 |  | 654,444 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,864,192 ) |  | (1,145,243 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (808,754 ) |  | (490,799 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (695,114 ) |  | (385,173 )
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (10,640,253 ) |  | (8,270,673 )
NET LIABILITIES |  |  | (11,335,367 ) |  | (8,655,846 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 5,305,720 |  | 5,305,720
Share premium account |  |  | 482,340 |  | 482,340
Profit and Loss Account |  |  | (17,123,427 ) |  | (14,443,906 )
SHAREHOLDERS' FUNDS |  |  | (11,335,367) |  | (8,655,846)

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Crawley Town Football & Social Club Ltd
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444 (2A).
The diectors have chosen to not file a copy of the company's profit and loss account.
This reports was approved by the board of directors on 28th January 2026 and signed on behalf of the board by

Mr Ryan Gilbert Director
28 January 2026

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Crawley Town Football & Social Club Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Crawley Town Football & Social Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03858150 . The registered office is Broadfield Stadium, Brighton Road, Crawley, West Sussex, RH11 9RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
During the year the company made a loss of £2,679,521 and as at 30 June 2025, the company had net liabilities of £11,335,367, which could indicate that the company has insufficient resources to continue trading for the foreseeable future. However, the directors believe that it is appropriate to prepare the financial statements on the going concern basis due to the ongoing financial support of its parent company, Wagmi United LLC.
2.3. Turnover
Turnover consists of a number of different categories, all recorded net of Value Added Tax.
Gate receipts and other match day income is reflected on the day of receipt, apart from season ticket income which is reflected in the period to which the season ticket relates.
Sponsorship and commercial income is reflected over the duration of the respective contract.
Other income including broadcasting revenues and prize monies received are recognised upon receipt or when the right to this income has been confirmed.
Donations are allocated to the period in which the matching costs are incurred as agreed with the donor.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold | Over the Lease period
Plant & Machinery | 25% on cost
Motor Vehicles | 25% on cost
Computer Equipment | 25% on cost

Impairment Of Fixed 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 estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
2.5. Leasing and Hire Purchase Contracts
The Club's football grounds and offices are leased from Crawley Borough Council.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Crawley Town Football & Social Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.7. 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.
2.8. Player Transfer Fees
Profits or losses on the disposal of player registrations are accounted for in full at the time the registration is filed with the Football Association. Any profit or loss made is disclosed under Other Operating Income.
2.9. Player Registrations & Amortisation
The costs associated with acquisition of playing staff registrations are capitalised as intangible fixed assets at the price paid on the date of acquisition.
Costs are then amortised on a straight line basis over their useful economic life in equal instalments over the period of their respective contracts.
2.10. Grant Income
Grants received from The Football Stadium Improvement Fund relating to expenditure on tangible fixed assets have been deducted against the purchase price of the related asset, with a consequent reduction in the annual charge for depreciation.
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 142 (2024: 147)
142 147
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Crawley Town Football & Social Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 July 2024 | 72,000
Additions | 592,072
Disposals | (574,072 )
As at 30 June 2025 | 90,000
Amortisation
As at 1 July 2024 | 18,499
Provided during the period | 288,029
Disposals | (286,528 )
As at 30 June 2025 | 20,000
Net Book Value
As at 30 June 2025 | 70,000
As at 1 July 2024 | 53,501

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 July 2024 | 35,194 | 18,059 | 57,175 | 2,180 | 112,608
Additions | 14,367 | - | - | 1,699 | 16,066
As at 30 June 2025 | 49,561 | 18,059 | 57,175 | 3,879 | 128,674
Depreciation
As at 1 July 2024 | 3,153 | 18,059 | 38,112 | 1,159 | 60,483
Provided during the period | 4,764 | - | 19,055 | 732 | 24,551
As at 30 June 2025 | 7,917 | 18,059 | 57,167 | 1,891 | 85,034
Net Book Value
As at 30 June 2025 | 41,644 | - | 8 | 1,988 | 43,640
As at 1 July 2024 | 32,041 | - | 19,063 | 1,021 | 52,125

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 18,200 |  | 12,417

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Crawley Town Football & Social Club Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 593,884 |  | 399,781
Prepayments and accrued income | 383,326 |  | 110,466
| 977,210 |  | 510,247

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 736,232 |  | 240,869
Bank loans and overdrafts | 13 |  | -
Other creditors | 340,091 |  | 430,846
Accruals and deferred income | 787,856 |  | 473,528
| 1,864,192 |  | 1,145,243

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 10,640,253 |  | 8,270,673

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 5,305,720 |  | 5,305,720

11. Related Party Transactions
The ultimate controlling party is Wagmi United LLC a company registered in USA. As at 30 June 2025, an interest free long term loan of £10,640,253 (2024: £8,270,673) was owed to Wagmi United LLC is included within other creditors in respect of long term loan.
12. Ultimate Controlling Party
The company is controlled by Wagmi United LLC by virtue of their 100% shareholding in the company.
13. Audit Information
The auditor's report on the accounts of Crawley Town Football & Social Club Ltd for the year ended 30 June 2025 was unqualified.
The auditor's report was signed by Statutory Auditor.
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