Company No: 09449233 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	927,347		924,282
Investments	4	1		1
		927,348		924,283
Current assets
Debtors	5	7,600		2,598
Cash at bank and in hand		38,158		19,847
		45,758		22,445
Creditors: amounts falling due within one year	6	( 54,626)		( 32,198)
Net current liabilities		(8,868)		(9,753)
Total assets less current liabilities		918,480		914,530
Creditors: amounts falling due after more than one year	7	( 77,105)		( 94,667)
Net assets		841,375		819,863
Reserves
Profit and loss account		841,375		819,863
Total reserves		841,375		819,863

For the financial year ending 30 April 2026 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Truro Rugby Football Club Limited (registered number: 09449233) were approved and authorised for issue by the Board of Directors on 08 October 2026. They were signed on its behalf by:

Nicholas Adam Tinney Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Truro Rugby Football Club Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Truro Rugby Football Club, St Clements Hill, Truro, TR1 1NY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings	8 - 50 years straight line
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the Company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 May 2025	971,247		47,050		23,999		4,552		1,046,848
Additions	22,182		0		720		0		22,902
At 30 April 2026	993,429		47,050		24,719		4,552		1,069,750
Accumulated depreciation
At 01 May 2025	94,563		13,555		13,150		1,298		122,566
Charge for the financial year	12,688		5,024		1,637		488		19,837
At 30 April 2026	107,251		18,579		14,787		1,786		142,403
Net book value
At 30 April 2026	886,178		28,471		9,932		2,766		927,347
At 30 April 2025	876,684		33,495		10,849		3,254		924,282

4. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 May 2025	1
At 30 April 2026	1
Carrying value at 30 April 2026	1
Carrying value at 30 April 2025	1

5. Debtors

	2026		2025
	£		£
Amounts owed by own subsidiaries	0		2,598
Prepayments	7,600		0
	7,600		2,598

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	2,222		2,222
Trade creditors	14,635		6,639
Amounts owed to own subsidiaries	1,921		0
Other loans	12,058		11,819
Accruals	4,352		3,153
Other taxation and social security	4,942		4,018
Obligations under finance leases and hire purchase contracts	3,672		4,347
Other creditors	10,824		0
	54,626		32,198

Obligations under hire purchase contracts are secured over the assets to which they relate.

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

	2026		2025
	£		£
Bank loans	7,778		9,608
Other loans	67,412		79,470
Obligations under finance leases and hire purchase contracts	1,915		5,589
	77,105		94,667

Obligations under hire purchase contracts are secured over the assets to which they relate.

8. Liability of members

The members of the Truro Rugby Football Club Limited have undertaken to contribute a sum not exceeding £1 each to meet the liabilities of the Company if it should be wound up.