Company registration number 10721584 (England and Wales)
NEWENT COMMUNITY SPORTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
NEWENT COMMUNITY SPORTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
NEWENT COMMUNITY SPORTS LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Current assets
Debtors
3
100
100
Cash at bank and in hand
-
0
6,984
100
7,084
Creditors: amounts falling due within one year
4
(5,827)
(13,981)
Net current liabilities
(5,727)
(6,897)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(5,728)
(6,898)
Total equity
(5,727)
(6,897)

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 16 December 2025 and are signed on its behalf by:
Mr B Dumayne
Director
Company registration number 10721584 (England and Wales)
NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

Newent Community Sports Limited is a private company limited by shares incorporated in England and Wales. The registered office is Watery Lane, Newent, Gloucestershire, United Kingdom, GL18 1QF.

1.1
Accounting convention

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.

Newent Community Sports Limited is a wholly owned subsidiary of Newent Community School and Sixth Form Centre and the results of Newent Community Sports Limited are included in the consolidated financial statements of Newent Community School and Sixth Form Centre which are available from Watery Lane, Newent, Gloucestershire, GL18 1QF.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Despite the negative reserves the director s ha ve taken appropriate actions to respond to these issues. Options for the strategic direction of the company are being considered but the intention is to continue in operation for at least the next 12 months. Ongoing support from the parent charity, Newent Community School and Sixth Form Centre, has been confirmed.

1.3
Turnover

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 fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash at bank and in hand

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.

1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, loans from fellow group companies and preference shares that 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.9
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.

1.10
Retirement benefits

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
100
100
4
Creditors: amounts falling due within one year
2025
2024
as restated
£
£
Bank loans and overdrafts
1,362
-
0
Amounts owed to group undertakings
-
0
2,240
Taxation and social security
953
1,426
Other creditors
3,512
10,315
5,827
13,981
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 August 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Katherine Parkin
Statutory Auditor:
Azets Audit Services
Date of audit report:
16 December 2025
6
Financial commitments, guarantees and contingent liabilities

At the balance sheet date the company had total commitments, guarantees and contingent liabilities of £Nil (20 2 4: £Nil).

7
Related party transactions

During the year a donation of £34 (20 2 4: £4,161) was made to its parent charitable company, Newent Community School and Sixth Form Centre, through a Gift Aid arrangement.

NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
8
Parent company

The parent company is Newent Community School and Sixth Form Centre and its registered office is Watery Lane, Newent, Gloucestershire, GL18 1QF.

NEWENT COMMUNITY SPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
9
Prior period adjustment
Reconciliation of changes in equity
1 September
31 August
2023
2024
Notes
£
£
Adjustments to prior year
Backpay accrual
1
(9,297)
(6,973)
Equity as previously reported
4,162
76
Equity as adjusted
(5,135)
(6,897)
Analysis of the effect upon equity
Profit and loss reserves
(9,297)
(6,973)
Reconciliation of changes in profit for the previous financial period
2024
Notes
£
Adjustments to prior year
Backpay accrual
1
2,324
Profit as previously reported
75
Profit as adjusted
2,399
Notes to reconciliation
Backpay accrual

A backpay accrual was calculated for pay owed dating back to September 2020.

2025-08-31 2024-09-01 false false false 16 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C Germaine Mr Rhys Phillips Mrs D E Burke Ms N Dagada-Khan Mr B Dumayne 2025-12-16 10721584 2024-09-01 2025-08-31 10721584 2025-08-31 10721584 2024-08-31 10721584 core:WithinOneYear 2025-08-31 10721584 core:WithinOneYear 2024-08-31 10721584 core:ShareCapital 2025-08-31 10721584 core:ShareCapital 2024-08-31 10721584 core:RetainedEarningsAccumulatedLosses 2025-08-31 10721584 core:RetainedEarningsAccumulatedLosses 2024-08-31 10721584 bus:Director5 2024-09-01 2025-08-31 10721584 2023-09-01 2024-08-31 10721584 core:CurrentFinancialInstruments 2025-08-31 10721584 core:CurrentFinancialInstruments 2024-08-31 10721584 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 10721584 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 10721584 bus:FRS102 2024-09-01 2025-08-31 10721584 bus:Audited 2024-09-01 2025-08-31 10721584 bus:Director1 2024-09-01 2025-08-31 10721584 bus:Director2 2024-09-01 2025-08-31 10721584 bus:Director3 2024-09-01 2025-08-31 10721584 bus:Director4 2024-09-01 2025-08-31 10721584 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP