Okehampton Rugby Football Club Ltd

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Okehampton Rugby Football Club Ltd

Company Information

Mr John Richard Shields

Directors

Mr James Christopher Stevens Mr Ian Langbridge Mr Thomas George Powell Mrs Clare Dawn Hooper Mr Peter John Fear

Registered office

Oaklands Park Hatherleigh Road Okehampton Devon EX20 1LN

Okehampton Rugby Football Club Ltd

(Registration number: 07654899)
Statement of Financial Position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	169,668	171,450
Current assets
Stocks	5	6,301	6,842
Debtors	6	5,768	6,747
Cash at bank and in hand		89,299	86,699
		101,368	100,288
Creditors: Amounts falling due within one year	7	(7,884)	(13,178)
Net current assets		93,484	87,110
Net assets		263,152	258,560
Reserves
Profit and loss account		263,152	258,560
Surplus		263,152	258,560

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 19 October 2026 and signed on its behalf by:
 

Mr John Richard Shields Chairman

Mr Peter John Fear Director

Okehampton Rugby Football Club Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026

1	General information

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

The address of its registered office is:
Oaklands Park
Hatherleigh Road
Okehampton
Devon
EX20 1LN

Principal activity

The principal activity of the company is the operation of a rugby football club.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Okehampton Rugby Football Club Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

2	Accounting policies (continued)

Going concern

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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.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Okehampton Rugby Football Club Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Land and buildings	No depreciation charges
Fixtures and fittings	Straight line over 3 years

Impairment

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2025 - 6).

Okehampton Rugby Football Club Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 May 2025	162,941	53,811	216,752
Additions	-	4,282	4,282
At 30 April 2026	162,941	58,093	221,034
Depreciation
At 1 May 2025	-	45,302	45,302
Charge for the year	-	6,064	6,064
At 30 April 2026	-	51,366	51,366
Carrying amount
At 30 April 2026	162,941	6,727	169,668
At 30 April 2025	162,941	8,509	171,450

Included within the net book value of land and buildings above is £162,941 (2025 - £162,941) in respect of freehold land and buildings.
 

5

Stocks

	2026 £	2025 £
Finished goods and goods for resale	6,301	6,842

6

Debtors

	2026 £	2025 £
Trade debtors	1,531	2,590
Other debtors	-	39
Prepayments	4,237	4,118
	5,768	6,747

Okehampton Rugby Football Club Ltd

Notes to the Unaudited Financial Statements for the year ended 30 April 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	5,428	5,142
Taxation and social security	1,401	3,128
Accruals and deferred income	1,055	1,779
Other creditors	-	3,129
	7,884	13,178

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Financial instruments

Categorisation of financial instruments

2026 £

2025 £