Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-31 2025-05-31 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.182 2024-06-01 false No description of principal activity 199 true true 2901467 2024-06-01 2025-05-31 2901467 2023-06-01 2024-05-31 2901467 2025-05-31 2901467 2024-05-31 2901467 c:CompanySecretary1 2024-06-01 2025-05-31 2901467 c:Director1 2024-06-01 2025-05-31 2901467 c:Director2 2024-06-01 2025-05-31 2901467 c:Director3 2024-06-01 2025-05-31 2901467 c:Director3 2025-05-31 2901467 c:Director4 2024-06-01 2025-05-31 2901467 c:Director5 2024-06-01 2025-05-31 2901467 c:Director6 2024-06-01 2025-05-31 2901467 c:Director6 2025-05-31 2901467 c:RegisteredOffice 2024-06-01 2025-05-31 2901467 d:Buildings d:LongLeaseholdAssets 2024-06-01 2025-05-31 2901467 d:Buildings d:LongLeaseholdAssets 2025-05-31 2901467 d:Buildings d:LongLeaseholdAssets 2024-05-31 2901467 d:PlantMachinery 2024-06-01 2025-05-31 2901467 d:MotorVehicles 2024-06-01 2025-05-31 2901467 d:MotorVehicles 2025-05-31 2901467 d:MotorVehicles 2024-05-31 2901467 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 2901467 d:FurnitureFittings 2024-06-01 2025-05-31 2901467 d:FurnitureFittings 2025-05-31 2901467 d:FurnitureFittings 2024-05-31 2901467 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 2901467 d:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 2901467 d:OtherPropertyPlantEquipment 2025-05-31 2901467 d:OtherPropertyPlantEquipment 2024-05-31 2901467 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 2901467 d:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 2901467 d:CopyrightsPatentsTrademarksServiceOperatingRights 2025-05-31 2901467 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-31 2901467 d:CurrentFinancialInstruments 2025-05-31 2901467 d:CurrentFinancialInstruments 2024-05-31 2901467 d:Non-currentFinancialInstruments 2025-05-31 2901467 d:Non-currentFinancialInstruments 2024-05-31 2901467 d:CurrentFinancialInstruments d:WithinOneYear 2025-05-31 2901467 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 2901467 d:Non-currentFinancialInstruments d:AfterOneYear 2025-05-31 2901467 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 2901467 d:ShareCapital 2025-05-31 2901467 d:ShareCapital 2024-05-31 2901467 d:SharePremium 2025-05-31 2901467 d:SharePremium 2024-05-31 2901467 d:RetainedEarningsAccumulatedLosses 2025-05-31 2901467 d:RetainedEarningsAccumulatedLosses 2024-05-31 2901467 c:OrdinaryShareClass1 2024-06-01 2025-05-31 2901467 c:OrdinaryShareClass1 2025-05-31 2901467 c:OrdinaryShareClass1 2024-05-31 2901467 c:OrdinaryShareClass2 2024-06-01 2025-05-31 2901467 c:OrdinaryShareClass2 2025-05-31 2901467 c:OrdinaryShareClass2 2024-05-31 2901467 c:FRS102 2024-06-01 2025-05-31 2901467 c:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 2901467 c:FullAccounts 2024-06-01 2025-05-31 2901467 c:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 2901467 d:WithinOneYear 2025-05-31 2901467 d:WithinOneYear 2024-05-31 2901467 d:BetweenOneFiveYears 2025-05-31 2901467 d:BetweenOneFiveYears 2024-05-31 2901467 d:MoreThanFiveYears 2025-05-31 2901467 d:MoreThanFiveYears 2024-05-31 2901467 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2024-06-01 2025-05-31 2901467 6 2024-06-01 2025-05-31 2901467 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2024-06-01 2025-05-31 iso4217:GBP xbrli:shares xbrli:pure

Company registration number: 2901467
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 MAY 2025
| STEVENAGE FOOTBALL CLUB LIMITED
STEVENAGE FOOTBALL CLUB LIMITED |  |
COMPANY INFORMATION
Directors | P O Wallace
| M L Taverner
| P P Wallace (resigned 15 January 2026)
| S I Dinsey
| M P Wallace
| K A Hunter (appointed 14 August 2025)
Company secretary | P O Wallace
Registered number | 2901467
Registered office | Broadhall Way
| Stevenage
| SG2 8RH
Accountants | Menzies LLP
| Chartered Accountants
| Richmond House
| Walkern Road
| Stevenage
| SG1 3QP
STEVENAGE FOOTBALL CLUB LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1 - 2
Notes to the financial statements | 3 - 11
STEVENAGE FOOTBALL CLUB LIMITED REGISTERED NUMBER:2901467 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 78,423 |  | -
Tangible assets | 5 |  | 3,849,311 |  | 3,156,501
Investments | 6 |  | 5,002 |  | 5,001
|  |  | 3,932,736 |  | 3,161,502
Current assets |  |  |  |  |
Stocks |  | 64,103 |  | 35,890 |
Debtors: amounts falling due within one year | 7 | 1,268,315 |  | 985,493 |
Bank and cash balances |  | 167,683 |  | 748,180 |
|  | 1,500,101 |  | 1,769,563 |
Creditors: amounts falling due within one year | 8 | (3,215,801) |  | (1,317,222) |
Net current (liabilities)/assets |  |  | (1,715,700) |  | 452,341
Total assets less current liabilities |  |  | 2,217,036 |  | 3,613,843
Creditors: amounts falling due after more than one year | 9 |  | (1,491,731) |  | (1,596,375)
Net assets |  |  | 725,305 |  | 2,017,468
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 39,507 |  | 39,472
Share premium account |  |  | 1,795,992 |  | 1,761,027
Profit and loss account |  |  | (1,110,194) |  | 216,969
|  |  | 725,305 |  | 2,017,468
Page 1
STEVENAGE FOOTBALL CLUB LIMITED REGISTERED NUMBER:2901467 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MAY 2025 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:
................................................ P O Wallace
Director
Date: 18 February 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Stevenage Football Club 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
| 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Preparation of consolidated financial statements
The financial statements contain information about Stevenage Football Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
| 2.3 | Going concern
The Board of Directors are required to prepare the statutory financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The company has net current liabilities of £1,715,700 (2024: £452,341 net assets). Day-to-day working capital requirements are met through existing cash and banking facilities and from the support of its beneficial owner by way of shareholder-related loans. To enable the Board to assess the adequacy of the financial facilities available to the company, they have used management information which extend beyond one year from the date of approval of these financial statements. At the time of preparation, the Board recognises that current projections indicate that the company may require additional funding within the next 12 months to meet its operational cash flow requirements. The amount of additional funding required is uncertain and the Board acknowledges that the company requires the support of the beneficial owner. Nevertheless, on the basis of the information available to the Board at the current time, the Board believe that there is a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of preparation in these financial statements. Page 3
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. Page 4
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful life as follows; Player transfer fees - 2 years Agent fees - 2 years Amortisation of player transfer fees annd agent fees is charged to depreciation and other amounts written off tangible and intangible assets in the profit and loss account. Where factors, such as change in market price, indicate that residual value or useful life have changed, the amortisation rate is amended proportionally to reflect the new circumstances.
| 2.8 | 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. Page 5
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets (continued)
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:
|  |  |  | Leasehold property | - | over the life of the lease
|  |  |  | Plant and machinery | - | 25% and 10% on cost
|  |  |  | Motor vehicles | - | 10% on cost
|  |  |  | Fixtures and fittings | - | 25% on cost
|  |  |  | Improvements to property | - | 10% on cost
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.
| 2.9 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.10 | 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 reporting 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.
| 2.11 | 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. Financial instruments are recognised in the Company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.
| 2.12 | Transfer fees and sponsorship income
The company recognises transfer fees receivable in the profit and loss account in the year that the transfer takes place. The company also recognises sponsorship income in the year in which it is received. The company amortises transfer fees payable over the life of the contract, with the remaining balance classified in the balance sheet within other debtors. Page 6
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.13 | Capital grants
Capital grants received on the leased properties are amortised over the remaining life on the lease of that property.
3. | Employees
| The average monthly number of employees, including directors, during the year was 199 (2024 - 182).
4. | Intangible assets
|  | Transfer and agent fees
|  | £
| Cost |
| Additions | 138,956
| At 31 May 2025 | 138,956
| Amortisation |
| Charge for the year on owned assets | 60,533
| At 31 May 2025 | 60,533
| Net book value |
| At 31 May 2025 | 78,423
| At 31 May 2024 | -
Page 7
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Tangible fixed assets
|  | Long-term leasehold property | Motor vehicles | Fixtures and fittings | Improvs. to property | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 June 2024 | 5,783,393 | 9,100 | 784,871 | - | 6,577,364
| Additions | - | 14,500 | 600,089 | 300,448 | 915,037
| At 31 May 2025 | 5,783,393 | 23,600 | 1,384,960 | 300,448 | 7,492,401
| Depreciation |  |  |  |  |
| At 1 June 2024 | 2,807,591 | 9,100 | 604,172 | - | 3,420,863
| Charge for the year on owned assets | 124,584 | 1,933 | 65,665 | 30,045 | 222,227
| At 31 May 2025 | 2,932,175 | 11,033 | 669,837 | 30,045 | 3,643,090
| Net book value |  |  |  |  |
| At 31 May 2025 | 2,851,218 | 12,567 | 715,123 | 270,403 | 3,849,311
| At 31 May 2024 | 2,975,802 | - | 180,699 | - | 3,156,501
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 June 2024 | 5,001
| Additions | 1
| At 31 May 2025 | 5,002
Page 8
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 90,830 | 81,593
| Amounts owed by group undertakings | - | 194,460
| Other debtors | 40,101 | 316,321
| Prepayments and accrued income | 502,417 | 316,414
| Deferred taxation | 634,967 | 76,705
|  | 1,268,315 | 985,493
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 48,918 | 52,075
| Other loans | - | 40,200
| Trade creditors | 827,162 | 368,156
| Amounts owed to group companies | 185,982 | 45,589
| Other taxation and social security | 389,245 | 447,664
| Obligations under hire purchase contracts | 2,340 | 2,340
| Other creditors | 1,357,591 | 164,350
| Accruals and deferred income | 404,563 | 196,848
|  | 3,215,801 | 1,317,222
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire purchase | 2,340 | 2,340
| Bank loans | 48,918 | 52,075
|  | 51,258 | 54,415
| Details of security provided:
The bank loan and other facilities are secured by a fixed and floating charge over the company's assets. Page 9
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 322,487 | 360,318
| Net obligations under hire purchase contracts | 1,170 | 3,510
| Accruals and deferred income | 1,168,074 | 1,232,547
|  | 1,491,731 | 1,596,375
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Hire purchase | 1,170 | 3,510
| Bank loans | 322,487 | 360,318
|  | 323,657 | 363,828
| Details of security provided:
The bank loan and other facilities are secured by a fixed and floating charge over the company's assets.
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 382,650 (2024 - 382,300) Ordinary shares of £0.10 each | 38,265 | 38,230
|  | 12,420 (2024 - 12,420) Ordinary A shares of £0.10 each | 1,242 | 1,242
|  |  | 39,507 | 39,472
During the year the company issued an additional 350 Ordinary 10p shares. All 350 shares were issued at a premium of £99.90 per share. Page 10
STEVENAGE FOOTBALL CLUB LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
11. | Commitments under operating leases
| At 31 May 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 120,000 | 120,000
| Later than 1 year and not later than 5 years | 480,000 | 480,000
| Later than 5 years | 1,785,000 | 1,905,000
|  | 2,385,000 | 2,505,000
12. | Related party transactions
| At the balance sheet date the company owed £1,100,000 (2024: £Nil) to the directors. The balance can be found within creditors due within one year.
Page 11