Company Registration No. 02875169 (England and Wales)
HULL IONIANS R.U.F.C. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
HULL IONIANS R.U.F.C. LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
HULL IONIANS R.U.F.C. LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
45,303
53,883
Current assets
Stocks
17,400
22,065
Debtors
4
79,301
104,192
Cash at bank and in hand
7,544
6,652
104,245
132,909
Creditors: amounts falling due within one year
5
(85,873)
(87,995)
Net current assets
18,372
44,914
Total assets less current liabilities
63,675
98,797
Creditors: amounts falling due after more than one year
6
(1,570)
(13,286)
Net assets
62,105
85,511
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
62,103
85,509
Total equity
62,105
85,511
HULL IONIANS R.U.F.C. LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 December 2025 and are signed on its behalf by:
Mr S R Townend
Director
Company registration number 02875169 (England and Wales)
HULL IONIANS R.U.F.C. LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
2
119,682
119,684
Year ended 30 June 2024:
Loss and total comprehensive income
-
(34,173)
(34,173)
Balance at 30 June 2024
2
85,509
85,511
Year ended 30 June 2025:
Loss and total comprehensive income
-
(23,406)
(23,406)
Balance at 30 June 2025
2
62,103
62,105
HULL IONIANS R.U.F.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Hull Ionians R.U.F.C. Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brantingham Park, Elloughton Road, Brantingham, East Yorkshire, HU15 1HX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of [XXXXX]. These consolidated financial statements are available from its registered office, [XXXXXX].

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Hull Ionians R.U.F.C. Limited is a wholly owned subsidiary of Hull Ionians Rugby Union Football Club (Holdings) Limited.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue fro m bar sales, events, functions, games and room hire is recognised at the time the activity takes place, provided the amount of revenue can be measured reliably and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

HULL IONIANS R.U.F.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -

Revenue from contracts for the provision of sponsorship is recognised by reference to the period over which the agreement is spread.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold alterations
10% p.a. on straight line
Plant and machinery
33% p.a. on reducing balance
Fixtures, fittings & equipment
15% p.a. on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. It has no financial instruments which meet the definition of "Other Financial Instruments" per Section 12 of FRS102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, cash and bank balances and loans to fellow group companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

HULL IONIANS R.U.F.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11
Government grants

Grants classified as relating to fixed assets are recognised in income on a systematic basis over the expected useful lives of the assets.

Grants to support the trading function of the company are credited to the profit and loss account by reference to the expenditure or period to which they relate.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.13

HULL IONIANS R.U.F.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
2
Employees

The average monthly number of persons (excluding directors not under a contract of employment) employed by the company during the year was 50 (2024 - 50).

2025
2024
Number
Number
Total
50
50
3
Tangible fixed assets
Leasehold alterations
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 July 2024 and 30 June 2025
39,359
34,787
109,095
183,241
Depreciation and impairment
At 1 July 2024
22,860
28,201
78,297
129,358
Depreciation charged in the year
1,787
2,173
4,620
8,580
At 30 June 2025
24,647
30,374
82,917
137,938
Carrying amount
At 30 June 2025
14,712
4,413
26,178
45,303
At 30 June 2024
16,498
6,587
30,798
53,883
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
10,306
5,430
Amounts owed by group undertakings
46,650
62,498
Other debtors
22,345
36,264
79,301
104,192
HULL IONIANS R.U.F.C. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
20,783
26,808
Trade creditors
24,361
21,392
Taxation and social security
12,907
18,786
Other creditors
27,822
21,009
85,873
87,995
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,570
11,667
Other creditors
-
0
1,619
1,570
13,286
7
Financial commitments, guarantees and contingent liabilities

The company has received historical grants from the RFU during past financial years. The initial entitlement criteria have been met, but there are also on-going obligations which, if not met, could lead to the grant or a proportion thereof having to be repaid. The Board are mindful of these conditions and work to ensure that no breaches occur. This being the case the Board considers the risk of repayment to be remote.

8
Parent company

The company's parent company and ultimate controlling party is Hull Ionians Rugby Union Football Club (Holdings) Limited, whose registered office and business address is Brantingham Park, Elloughton Road, Brantingham East Yorkshire HU15 1HX.

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