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Registered number: 07592665
Ivybridge Rugby Football Club Limited
Financial Statements
For The Year Ended 31 May 2026
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Ivybridge Rugby Football Club Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Ivybridge Rugby Football Club Limited
Balance Sheet
As At 31 May 2026
Balance Sheet
Registered number: 07592665

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 886,969 |  | 862,182
|  |  | 886,969 |  | 862,182
CURRENT ASSETS
Stocks | 5 | 17,458 |  | 19,481 |
Debtors | 6 | 19,764 |  | 17,872 |
Cash at bank and in hand |  | 5,860 |  | 24,026 |
|  | 43,082 |  | 61,379 |
Creditors: Amounts Falling Due Within One Year | 7 | (119,681 ) |  | (58,734 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (76,599 ) |  | 2,645
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 810,370 |  | 864,827
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (31,198 ) |  | (19,350 )
NET ASSETS |  |  | 779,172 |  | 845,477
Income and Expenditure Account |  |  | 779,172 |  | 845,477
MEMBERS' FUNDS |  |  | 779,172 |  | 845,477

Page 1
Page 2
Ivybridge Rugby Football Club Limited
Balance Sheet (continued)
As At 31 May 2026
For the year ending 31 May 2026 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 directors acknowledge their 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 Income and Expenditure Account.
On behalf of the board

Mrs Natasha Joynt Director
31 July 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Ivybridge Rugby Football Club Limited
Notes to the Financial Statements
For The Year Ended 31 May 2026
Notes to the Financial Statements
1. General Information
Ivybridge Rugby Football Club Limited is a private company, limited by guarantee without share capital, incorporated in England & Wales, registered number 07592665 . The registered office is Ivybridge Rugby Football Club Cross-In-Hand, Filham, Ivybridge, Devon, PL21 0LR.
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. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:

Freehold | Nil
Leasehold | Nil
Plant & Machinery | Nil
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 25% Reducing Balance

2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2025: 24)
22 24
Page 3
Page 4
Ivybridge Rugby Football Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2026
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Plant & Machinery | Motor Vehicles
| £ | £ | £ | £
Cost
As at 1 June 2025 | 443,497 | 126,314 | 219,004 | -
Additions | 22,414 | - | - | 2,800
As at 31 May 2026 | 465,911 | 126,314 | 219,004 | 2,800
Depreciation
As at 1 June 2025 | - | - | - | -
Provided during the period | - | - | - | 583
As at 31 May 2026 | - | - | - | 583
Net Book Value
As at 31 May 2026 | 465,911 | 126,314 | 219,004 | 2,217
As at 1 June 2025 | 443,497 | 126,314 | 219,004 | -

| Fixtures & Fittings | Total
--- | --- | ---
| £ | £
Cost
As at 1 June 2025 | 185,165 | 973,980
Additions | 22,823 | 48,037
As at 31 May 2026 | 207,988 | 1,022,017
Depreciation
As at 1 June 2025 | 111,798 | 111,798
Provided during the period | 22,667 | 23,250
As at 31 May 2026 | 134,465 | 135,048
Net Book Value
As at 31 May 2026 | 73,523 | 886,969
As at 1 June 2025 | 73,367 | 862,182

5. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Closing Stock | 17,458 |  | 19,481

Page 4
Page 5
Ivybridge Rugby Football Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2026
6. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 13,001 |  | 9,813
Prepayments and accrued income | 6,763 |  | 4,651
VAT | - |  | 3,408
| 19,764 |  | 17,872

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 78,349 |  | 42,927
Other loans | - |  | 833
Other taxes and social security | 1,772 |  | 2,730
VAT | 13,306 |  | -
Net Wages Control | 8,855 |  | -
Nest Pension Control | 707 |  | 9,054
Pre-Receipts | 14,856 |  | 1,635
Accruals and deferred income | 1,836 |  | 1,555
| 119,681 |  | 58,734

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other loans | 31,198 |  | 19,350

9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5