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Registration number: 03420768

Sedgley Park Rugby Union Football Club Limited
Annual Report and
Unaudited Financial Statements
31 May 2025

Sedgley Park Rugby Union Football Club Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Sedgley Park Rugby Union Football Club Limited

Balance Sheet
31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 405,576 | 416,319
Investments | 5 | 200 | 200
|  | 405,776 | 416,519
Current assets |  |  |
Debtors | 6 | - | 3,395
Cash at bank and in hand |  | 458 | 1,773
|  | 458 | 5,168
Creditors: Amounts falling due within one year | 7 | (65,498) | (148,694)
Net current liabilities |  | (65,040) | (143,526)
Net assets |  | 340,736 | 272,993
Reserves |  |  |
Retained earnings |  | 340,736 | 272,993
Surplus |  | 340,736 | 272,993

Sedgley Park Rugby Union Football Club Limited

Balance Sheet
31 May 2025

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 May 2026 and signed on its behalf by:

......................................... Mr S J Ward Director

Company Registration Number: 03420768

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

1 | General information

The Company is a company limited by guarantee, incorporated in England., and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

The address of its registered office is:
The Clubhouse
Park Lane
Whitefield
Manchester
M45 7DZ

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Total £
Cost or valuation
At 1 June 2024 | 954,698 | 60,645 | 1,015,343
At 31 May 2025 | 954,698 | 60,645 | 1,015,343
Depreciation
At 1 June 2024 | 572,853 | 26,171 | 599,024
Charge for the year | 5,679 | 5,064 | 10,743
At 31 May 2025 | 578,532 | 31,235 | 609,767
Carrying amount
At 31 May 2025 | 376,166 | 29,410 | 405,576
At 31 May 2024 | 381,845 | 34,474 | 416,319

Included within the net book value of land and buildings above is £376,166 (2024 - £381,845) in respect of freehold land and buildings.

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 200 | 200

Subsidiaries | £
Cost or valuation
At 1 June 2024 | 200
Provision
Carrying amount
At 31 May 2025 | 200
At 31 May 2024 | 200

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Country of incorporation | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Sedgley Park Trading Limited | England | Ordinary | 100% | 100%
Sedgley Park Tigers Limited | England | Ordinary | 100% | 100%

Subsidiary undertakings
Sedgley Park Trading Limited The principal activity of Sedgley Park Trading Limited is the provision of hospitality services.
Sedgley Park Tigers Limited The principal activity of Sedgley Park Tigers Limited is that of a sports club.

Sedgley Park Rugby Union Football Club Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 3,395
| - | 3,395

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 36,131 | -
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest |  | 27,767 | 1,746
Accruals and deferred income |  | 1,600 | -
Other creditors |  | - | 146,948
|  | 65,498 | 148,694

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 36,131 | -