Whitstable Town Football Club Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11754078

Whitstable Town Football Club Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

28 February 2025

Whitstable Town Football Club Limited

Company Limited by Guarantee

Financial Statements

Period from 1 June 2024 to 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Whitstable Town Football Club Limited

Company Limited by Guarantee

Statement of Financial Position

28 February 2025

	28 Feb 25	31 May 24
Note	£	£

Fixed assets

Tangible assets	6	500,803	543,982

Current assets

Debtors	7	10,437	14,545
Cash at bank and in hand		120,663	95,091
		---------	---------
		131,100	109,636

Creditors: amounts falling due within one year	8	129,076	117,103
		---------	---------
Net current assets/(liabilities)		2,024	( 7,467)
		---------	---------
Total assets less current liabilities		502,827	536,515

Creditors: amounts falling due after more than one year	9	148,554	197,848

Provisions

Taxation including deferred tax	77,960	79,937
	---------	---------
Net assets	276,313	258,730
	---------	---------

Capital and reserves

Profit and loss account	276,313	258,730
	---------	---------
Members funds	276,313	258,730
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 28 February 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Whitstable Town Football Club Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 24 July 2026 , and are signed on behalf of the board by:

Mr S Clayton

Director

Company registration number: 11754078

Whitstable Town Football Club Limited

Company Limited by Guarantee

Notes to the Financial Statements

Period from 1 June 2024 to 28 February 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Belmont Stadium, Belmont Road, Whitstable, Kent, CT5 1QJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% straight line
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	25% straight line
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Company limited by guarantee

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

5. Employee numbers

The average number of persons employed by the company during the period amounted to 17 (2024: 17 ).

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 June 2024	612,223	44,216	1,753	17,467	675,659
Additions	5,000	–	–	4,164	9,164
	---------	--------	-------	--------	---------
At 28 February 2025	617,223	44,216	1,753	21,631	684,823
	---------	--------	-------	--------	---------
Depreciation
At 1 June 2024	102,423	16,347	1,752	11,155	131,677
Charge for the period	46,292	3,135	1	2,915	52,343
	---------	--------	-------	--------	---------
At 28 February 2025	148,715	19,482	1,753	14,070	184,020
	---------	--------	-------	--------	---------
Carrying amount
At 28 February 2025	468,508	24,734	–	7,561	500,803
	---------	--------	-------	--------	---------
At 31 May 2024	509,800	27,869	1	6,312	543,982
	---------	--------	-------	--------	---------

7. Debtors

	28 Feb 25	31 May 24
	£	£
Trade debtors	10,437	14,545
	--------	--------

8. Creditors: amounts falling due within one year

	28 Feb 25	31 May 24
	£	£
Bank loans and overdrafts	9,794	9,635
Trade creditors	18,055	8,048
Corporation tax	7,554	–
Social security and other taxes	3,005	7,122
Other loans	46,000	44,933
Other creditors	44,668	47,365
	---------	---------
	129,076	117,103
	---------	---------

9. Creditors: amounts falling due after more than one year

	28 Feb 25	31 May 24
	£	£
Bank loans and overdrafts	3,318	10,618
Other loans	75,511	109,661
Other creditors	69,725	77,569
	---------	---------
	148,554	197,848
	---------	---------

10. Related party transactions

At the balance sheet date, the company owed £121,511 (2024: £154,594) to individuals connected through the club either as directors and supporters of the club (or their close relatives).