Charlton Athletic Womens Football Club Limited 30/06/2019 iXBRL

Charlton Athletic Womens Football Club Limited 30/06/2019 iXBRL

CHARLTON ATHLETIC WOMENS FOOTBALL CLUB LIMITED - Company Information

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30/06/2019 2019-06-30 false false false false true false false false false false false false false true false false true false false false false true true true false No description of principal activities is disclosed 2018-07-01 Sage Accounts Production 19.0 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 08396323 2018-07-01 2019-06-30 08396323 2019-06-30 08396323 2018-06-30 08396323 bus:OrdinaryShareClass1 2018-07-01 2019-06-30 08396323 bus:LeadAgentIfApplicable 2018-07-01 2019-06-30 08396323 bus:Director1 2018-07-01 2019-06-30 08396323 core:WithinOneYear 2019-06-30 08396323 core:WithinOneYear 2018-06-30 08396323 core:ShareCapital 2019-06-30 08396323 core:ShareCapital 2018-06-30 08396323 core:SharePremium 2019-06-30 08396323 core:SharePremium 2018-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2019-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2018-06-30 08396323 bus:OrdinaryShareClass1 core:ShareCapital 2019-06-30 08396323 bus:OrdinaryShareClass1 core:ShareCapital 2018-06-30 08396323 bus:OrdinaryShareClass1 2018-06-30 08396323 bus:OrdinaryShareClass1 2019-06-30 08396323 bus:Director1 2018-06-30 08396323 bus:Director1 2019-06-30 08396323 bus:Director1 2017-06-30 08396323 bus:Director1 2018-06-30 08396323 bus:Director1 2017-07-01 2018-06-30 08396323 bus:SmallEntities 2018-07-01 2019-06-30 08396323 bus:Audited 2018-07-01 2019-06-30 08396323 bus:FullAccounts 2018-07-01 2019-06-30 08396323 bus:SmallCompaniesRegimeForAccounts 2018-07-01 2019-06-30 08396323 bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30 08396323 1 2018-07-01 2019-06-30
Company registration number: 08396323
Charlton Athletic Womens Football Club Limited
Filleted financial statements
30 June 2019
Charlton Athletic Womens Football Club Limited
Contents
Director's responsibilities statement
Statement of financial position
Notes to the financial statements
Charlton Athletic Womens Football Club Limited
Director's responsibilities statement
Year ended 30 June 2019
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Charlton Athletic Womens Football Club Limited
Statement of financial position
30 June 2019
2019 2018
Note £ £ £ £
Current assets
Debtors 5 75 70
Cash at bank and in hand 8,146 9,760
_______ _______
8,221 9,830
Creditors: amounts falling due
within one year 6 ( 27,853) ( 25,260)
_______ _______
Net current liabilities ( 19,632) ( 15,430)
_______ _______
Total assets less current liabilities ( 19,632) ( 15,430)
_______ _______
Net liabilities ( 19,632) ( 15,430)
_______ _______
Capital and reserves
Called up share capital 7 4,700 2,700
Share premium account 60,300 42,300
Profit and loss account ( 84,632) ( 60,430)
_______ _______
Shareholders deficit ( 19,632) ( 15,430)
_______ _______
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 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 February 2020 , and are signed on behalf of the board by:
Mr Stephen King
Director
Company registration number: 08396323
Charlton Athletic Womens Football Club Limited
Notes to the financial statements
Year ended 30 June 2019
1. General information
Charlton Athletic Womens Football Club Limited (Company number 08396323 ) is a private company limited by shares, registered in England and Wales. The address of the registered office is Peace Haven, Leeds Road, Langley, Maidstone, Kent, ME17 3JG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 and which have been rounded to the nearest £1.
Going concern
The company has made losses in the current and previous year, and has an insolvent balance sheet of £19,632 at the current year end. However, the director is confident that there are sufficient sources of income, including the continued receipt of FA grants, in order to support Charlton Athletic Womens Football Club Limited for the forthcoming period. He has also confirmed that he will not withdraw his support for the company for at least the next twelve months from the date of approval of these financial statements. Based on these factors, the company accounts are prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax.
The company recognises revenue when it's amount can be reliably measured, and it is probable that future economic benefits will flow to the entity. Hence, monies received from gate receipts and associated matchday income is recognised when the match occurs, whilst other income such as grants and donations relate to the season in which they are given.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, and loans from the director.
4. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 24 (2018: 17).
5. Debtors
2019 2018
£ £
Trade debtors 50 -
Other debtors 25 70
_______ _______
75 70
_______ _______
6. Creditors: amounts falling due within one year
2019 2018
£ £
Social security and other taxes 1,820 641
Other creditors 26,033 24,619
_______ _______
27,853 25,260
_______ _______
Included in Other creditors is an amount of £15,191 owed to the director, as outlined in Note 9.
7. Called up share capital
Issued, called up and fully paid
2019 2018
No £ No £
Ordinary shares of £ 0.10 each 47,000 4,700 27,000 2,700
_______ _______ _______ _______
Share movements
No £
Ordinary :
At 1 July 2018 27,000 2,700
Issue of shares 20,000 2,000
_______ _______
At 30 June 2019 47,000 4,700
_______ _______
8. Summary audit opinion
The auditor's report for the year dated ............................ 18 February 2020 was unqualified .
The senior statutory auditor was Michael Fanning for and on behalf of Henry Reeves & Co Limited
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward Advances /(credits) to the director Amounts repaid Amounts converted to equity Balance o/standing
£ £ £ £ £
Mr Stephen King ( 20,191) ( 32,500) 17,500 20,000 ( 15,191)
_______ _______ _______ _______ _______
2018
Balance brought forward Advances /(credits) to the director Amounts repaid Amounts written off Balance o/standing
£ £ £ £ £
Mr Stephen King ( 13,691) ( 10,000) 3,500 - ( 20,191)
_______ _______ _______ _______ _______
The loan balance shown above owed to the director consists of amounts required to assist with cashflow. This loan is interest free and repayable on demand.
10. Controlling party
The director, Stephen King, is the controlling party by virtue of his holding of 95.74% of the issued ordinary share capital.
11. Donations
During the year, the company received donations from Mr A Watts totalling £21,670 (2018 - £22,052). The donations received are included within turnover.