Maesteg Celtic Limited

	Page
Company Information	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—5

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Abridged Balance Sheet

As At 31 August 2025

Abridged Balance Sheet

Registered number: 12121635

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,071		15,017

			11,071		15,017
CURRENT ASSETS
Stocks		6,350		6,789
Debtors		4,801		42,301
Cash at bank and in hand		15,650		4,697

		26,801		53,787
Creditors: Amounts Falling Due Within One Year		(161,889 )		(172,934 )

NET CURRENT ASSETS (LIABILITIES)			(135,088 )		(119,147 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(124,017 )		(104,130 )

NET LIABILITIES			(124,017 )		(104,130 )

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss Account			(124,018 )		(104,131 )

SHAREHOLDERS' FUNDS			(124,017)		(104,130)

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Maesteg Celtic Limited

Abridged Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 director acknowledges his 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R P McGee

Director

28 May 2026

The notes on pages 4 to 5 form part of these financial statements.

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Maesteg Celtic Limited

Notes to the Abridged Financial Statements

For The Year Ended 31 August 2025

Notes to the Abridged Financial Statements

1. General Information

Maesteg Celtic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12121635 . The registered office is Maesteg Celtic, Bridgend Road, Maesteg, CF34 0NE.

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 company balance sheet is showing negative reserves due to losses made in this and the prior financial periods. The directors have recently recruited a new management team along with implementing new control systems and marketing drive to attract additional events to increase sales. Maesteg Celtic RFC have also committed to provide ongoing support as required. For these reasons the director consider that the going concern basis is appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Straight line
Plant & Machinery	20% Straight line
Computer Equipment	20% Straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 9)

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Maesteg Celtic Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	39,098
Additions	2,983

As at 31 August 2025	42,081

Depreciation
As at 1 September 2024	24,081
Provided during the period	6,929

As at 31 August 2025	31,010

Net Book Value
As at 31 August 2025	11,071

As at 1 September 2024	15,017

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

6. Related Party Transactions

Maesteg Celtic Rugby Football Club

Parent company

Included in current liabilities is a loan provided by the company's parent company, Maesteg Rugby Football Club, by way of investment of £138,861 (2024: £118,589). No interest has been charged and there is no fixed repayment term and therefore deemed as repayable on demand and disclosed within current liabilities

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Director	Mr R P McGee

Company Number	12121635

Registered Office	Maesteg Celtic
	Bridgend Road
	Maesteg
	CF34 0NE

Accountants	HSJ Accountants Ltd
	Severn House
	Hazell Drive
	Newport
	NP10 8FY