Doncaster Rovers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03739676 (England and Wales)

DONCASTER ROVERS LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T G Bramall

Mr G Baldwin

Mr D Blunt

Mr A J Watson

REGISTERED OFFICE:

Keepmoat Stadium

Stadium Way

Doncaster

South Yorkshire

DN4 5JW

REGISTERED NUMBER:

03739676 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kelvin Fitton BA FCA

AUDITORS:

Smith Craven

Chartered Accountants

Statutory Auditors

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Intangible assets

4

93,624

160,582

Tangible assets

5

1,094,580

1,150,719

1,188,204

1,311,301

CURRENT ASSETS

Debtors

6

750,746

972,306

Cash at bank and in hand

139,993

63,136

890,739

1,035,442

CREDITORS

Amounts falling due within one year

7

9,118,716

7,543,406

NET CURRENT LIABILITIES

(8,227,977

)

(6,507,964

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,039,773

)

(5,196,663

)

CREDITORS

Amounts falling due after more than one year

8

8,122

-

NET LIABILITIES

(7,047,895

)

(5,196,663

)

CAPITAL AND RESERVES

Called up share capital

26,413,608

26,413,608

Retained earnings

(33,461,503

)

(31,610,271

)

SHAREHOLDERS' FUNDS

(7,047,895

)

(5,196,663

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 March 2020 and were signed on its behalf by:

Mr G Baldwin - Director

1.	STATUTORY INFORMATION

Doncaster Rovers Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The accounts have been prepared on the going concern basis. At 30 June 2019, the company had net liabilities of

£7,047,895 (2018: £5,196,663). The directors consider the basis of the preparation to be appropriate based on

their continuing financial support of the company's principal creditors and ultimate controlling parties and its

future operating prospects.

Turnover

Turnover represents various income streams associated with operating a professional football club including gate

receipts, transfer fees receivable and commercial income.

Transfer and signing on fees

The cost of players' registrations are capitalised and amortised over the period of the respective players'

contracts.

Signing on fees are capitalised and amortised in full in the year that they are paid.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Straight line over the life of the lease

Plant and machinery etc

-

40% on reducing balance, 25% on reducing balance and 10% - 25% on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 244 (2018 - 270 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2018

223,012

Disposals

(36,452

)

At 30 June 2019

186,560

AMORTISATION

At 1 July 2018

62,430

Charge for year

66,958

Eliminated on disposal

(36,452

)

At 30 June 2019

92,936

NET BOOK VALUE

At 30 June 2019

93,624

At 30 June 2018

160,582

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2018

1,026,815

922,016

1,948,831

Additions

5,750

60,125

65,875

At 30 June 2019

1,032,565

982,141

2,014,706

DEPRECIATION

At 1 July 2018

309,288

488,824

798,112

Charge for year

28,425

93,589

122,014

At 30 June 2019

337,713

582,413

920,126

NET BOOK VALUE

At 30 June 2019

694,852

399,728

1,094,580

At 30 June 2018

717,527

433,192

1,150,719

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

20,576

At 30 June 2019

20,576

DEPRECIATION

Charge for year

8,230

At 30 June 2019

8,230

NET BOOK VALUE

At 30 June 2019

12,346

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

281,012

483,723

Other debtors

469,734

488,583

750,746

972,306

Included in the Other Debtors is £93,000 which is receivable after more than one year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

4,959

-

Trade creditors

1,113,163

1,099,731

Taxation and social security

585,675

268,614

Other creditors

7,414,919

6,175,061

9,118,716

7,543,406

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

8,122

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

13,081

-

Hire purchase borrowings are secured by way of charges over the relevant assets.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Smith Craven

11.	RELATED PARTY DISCLOSURES

At the year end, the Company owed an amount of £6,419,505 (2018: £5,148,100) to Club Doncaster Limited, a

company in which G Baldwin, D Blunt, T Bramall and A Watson are directors. There are no formal repayment

terms and no interest has been charged on the amounts outstanding.

At the year end, the Company owed an amount of £187,290 (2018: £186,364) to Club Doncaster Community

Sports & Education Foundation, a Company which G Baldwin is a director. There is no formal repayment terms

and interest of £nil (2018: £2,881) has been charged on the amount outstanding.

The Company trades with Club Doncaster Community & Sports Foundation and during the year, made sales of

£63,331 (2018: £353,842) with £2,466 (2018: £53,024) receivable at the year end.

The Company trades with Doncaster Rugby League Club Limited, a Company which G Baldwin is a director,

during the year made sales of £22,039 (2018: £23,045), with £Nil (2018: £60,228) receivable at the year end.

The Company also made purchases and incurred recharges of expenses from Doncaster Rugby League Club

Limited totalling £89,102 (2018: £Nil), with £57,000 (2018: £Nil) payable at the year end.

At the year end included in Other Debtors is £228,542 (2018: £172,666) due from from Doncaster Rugby

League Club Limited. The are no formal repayment terms and no interest has been charged on the outstanding

amount.

12.	POST BALANCE SHEET EVENTS

Since the year end the Company has disposed of the registrations of 2 players. The estimated income from these

transactions net of all applicable fees and levies is £1,005,000.

13.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors who collectively own 85.8% of the ordinary share capital by virtue

of their shareholdings in Club Doncaster Limited the Company's immediate parent undertaking.