Ivybridge Rugby Football Club Limited

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

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

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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.

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)

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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

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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.

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