REGISTERED NUMBER: 04891518 (England and Wales)

THE WELSH HOCKEY UNION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Riley

P Whapham

D Francis

A Byrne

J Chagger

D Hagendyk

K Williams

J Bowyer

M Clement

J Fortnam

REGISTERED OFFICE:

Sport Wales National Centre

Sophia Gardens

Cardiff

Glamorgan

CF11 9SW

REGISTERED NUMBER:

04891518 (England and Wales)

AUDITORS:

Lawrence Grant LLP

2nd Floor, Hygeia Building 66

College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

4

14,324

19,649

CURRENT ASSETS

Stocks

5

3,018

9,491

Debtors

6

265,528

75,910

Cash at bank

134,625

564,548

403,171

649,949

CREDITORS

Amounts falling due within one year

7

161,776

397,768

NET CURRENT ASSETS

241,395

252,181

TOTAL ASSETS LESS CURRENT LIABILITIES

255,719

271,830

RESERVES

Income and expenditure account

255,719

271,830

255,719

271,830

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2026 and were signed on its behalf by:

P Riley - Director

1.	STATUTORY INFORMATION

The Welsh Hockey Union Limited is a private company, limited by guarantee , 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 (£).

Monetary amounts in these financial statements are rounded to the nearest £.

The company is a public benefit entity.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised to the extent that it is probable that the economic benefits will flow to the company and the income can be reliably measured. Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, VAT and other sales taxes.

Membership subscriptions, registrations and affiliation income are recognised over the period to which the membership or registration relates. Income received in advance relating to future periods is included within creditors as deferred income.

Government grants and deferred income

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to the grant and the grants will be received.

Grants relating to revenue expenditure are recognised in income over the periods in which the related costs are recognised. Grants received in advance of the related expenditure or performance conditions being satisfied are included within creditors as deferred income.

Grants relating to the purchase of tangible fixed assets are recognised in income over the expected useful life of the related assets.

Sponsorship

Income arising from sponsorship is normally recognised over the period of the sponsorship term. When the sponsorship is linked to a particular event or condition, income is recognised when the specific event has taken place or the condition has been met.

Provision of service

Income from a contract to provide services is recognised in the period in which the services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20%, 33% and 50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Cash & Cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2025 - 55 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025

32,850

37,081

69,931

Additions

-

299

299

At 31 March 2026

32,850

37,380

70,230

DEPRECIATION

At 1 April 2025

22,199

28,083

50,282

Charge for year

2,131

3,493

5,624

At 31 March 2026

24,330

31,576

55,906

NET BOOK VALUE

At 31 March 2026

8,520

5,804

14,324

At 31 March 2025

10,651

8,998

19,649

5.

STOCKS

31.3.26

31.3.25

£

£

Stocks

3,018

9,491

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

136,033

18,863

Other debtors

129,495

57,047

265,528

75,910

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

53,141

218,335

Taxation and social security

1,123

1,577

Other creditors

107,512

177,856

161,776

397,768

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Vivekananda Thayalan ACA FCCA (Senior Statutory Auditor)

for and on behalf of Lawrence Grant LLP

9.	RELATED PARTY DISCLOSURES

10.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Every member of the company undertakes to contribute such amount as may be required, not exceeding £1, to the assets of the company in the event of its being wound up while they are a member or within one year after they cease to be a member.