Trinity Football Club Limited 31/12/2020 iXBRL

Trinity Football Club Limited 31/12/2020 iXBRL

TRINITY FOOTBALL CLUB LIMITED(THE) - Company Information

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2 31/12/2020 2020-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 01670110 2020-01-01 2020-12-31 01670110 2020-12-31 01670110 2019-12-31 01670110 2019-01-01 2019-12-31 01670110 2019-12-31 01670110 2018-12-31 01670110 core:FurnitureFittingsToolsEquipment 2020-01-01 2020-12-31 01670110 bus:RegisteredOffice 2020-01-01 2020-12-31 01670110 bus:LeadAgentIfApplicable 2020-01-01 2020-12-31 01670110 bus:Director1 2020-01-01 2020-12-31 01670110 bus:Director2 2020-01-01 2020-12-31 01670110 bus:CompanySecretary1 2020-01-01 2020-12-31 01670110 core:LandBuildings core:ShortLeaseholdAssets 2019-12-31 01670110 core:FurnitureFittingsToolsEquipment 2019-12-31 01670110 core:LandBuildings core:ShortLeaseholdAssets 2020-12-31 01670110 core:FurnitureFittingsToolsEquipment 2020-12-31 01670110 core:WithinOneYear 2020-12-31 01670110 core:WithinOneYear 2019-12-31 01670110 core:AfterOneYear 2020-12-31 01670110 core:RetainedEarningsAccumulatedLosses 2019-01-01 2019-12-31 01670110 core:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 01670110 core:RetainedEarningsAccumulatedLosses 2020-12-31 01670110 core:RetainedEarningsAccumulatedLosses 2019-12-31 01670110 core:RetainedEarningsAccumulatedLosses 2018-12-31 01670110 core:LandBuildings core:ShortLeaseholdAssets 2020-01-01 2020-12-31 01670110 core:CostValuation core:Non-currentFinancialInstruments 2020-12-31 01670110 core:Non-currentFinancialInstruments 2020-12-31 01670110 core:Non-currentFinancialInstruments 2019-12-31 01670110 core:LandBuildings core:ShortLeaseholdAssets 2019-12-31 01670110 core:FurnitureFittingsToolsEquipment 2019-12-31 01670110 bus:SmallEntities 2020-01-01 2020-12-31 01670110 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 01670110 bus:FullAccounts 2020-01-01 2020-12-31 01670110 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 01670110 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Company registration number: 01670110
Trinity Football Club Limited
Unaudited filleted financial statements
31 December 2020
Trinity Football Club Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Trinity Football Club Limited
Directors and other information
Directors A.P. Murphy
B.J. Finch
Secretary A.P. Murphy
Company number 01670110
Registered office Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Business address Adj. Francis Sports Hall
Eastern Avenue
Southend-on-Sea
Essex
Accountant Andrew Murphy Chartered Accountant
Sovereign House
82 West Street
Rochford
Essex
SS4 1AS
Trinity Football Club Limited
Statement of financial position
31 December 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 35,485 37,212
Investments 6 50 50
_______ _______
35,535 37,262
Current assets
Stocks 500 500
Cash at bank and in hand 11,012 350
_______ _______
11,512 850
Creditors: amounts falling due
within one year 7 ( 13,225) ( 14,475)
_______ _______
Net current liabilities ( 1,713) ( 13,625)
_______ _______
Total assets less current liabilities 33,822 23,637
Creditors: amounts falling due
after more than one year 8 ( 10,000) -
_______ _______
Net assets 23,822 23,637
_______ _______
Capital and reserves
Profit and loss account 23,822 23,637
_______ _______
Shareholders funds 23,822 23,637
_______ _______
For the year ending 31 December 2020 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 year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 Section 1A of 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 October 2021 , and are signed on behalf of the board by:
A.P. Murphy
Director
Company registration number: 01670110
Trinity Football Club Limited
Statement of changes in equity
Year ended 31 December 2020
Profit and loss account Total
£ £
At 1 January 2019 25,434 25,434
Profit/(loss) for the year ( 1,797) ( 1,797)
_______ _______
Total comprehensive income for the year ( 1,797) ( 1,797)
_______ _______
At 31 December 2019 and 1 January 2020 23,637 23,637
Profit/(loss) for the year 185 185
_______ _______
Total comprehensive income for the year 185 185
_______ _______
At 31 December 2020 23,822 23,822
_______ _______
Trinity Football Club Limited
Notes to the financial statements
Year ended 31 December 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Andrew Murphy Chartered Accountants, Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2019: 7 ).
5. Tangible assets
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 January 2020 and 31 December 2020 63,737 25,954 89,691
_______ _______ _______
Depreciation
At 1 January 2020 28,158 24,321 52,479
Charge for the year 1,482 245 1,727
_______ _______ _______
At 31 December 2020 29,640 24,566 54,206
_______ _______ _______
Carrying amount
At 31 December 2020 34,097 1,388 35,485
_______ _______ _______
At 31 December 2019 35,579 1,633 37,212
_______ _______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2020 and 31 December 2020 50 50
_______ _______
Impairment
At 1 January 2020 and 31 December 2020 - -
_______ _______
Carrying amount
At 31 December 2020 50 50
_______ _______
At 31 December 2019 50 50
_______ _______
7. Creditors: amounts falling due within one year
2020 2019
£ £
Bank loans and overdrafts 5,925 7,175
Other creditors 7,300 7,300
_______ _______
13,225 14,475
_______ _______
8. Creditors: amounts falling due after more than one year
2020 2019
£ £
Bank loans and overdrafts 10,000 -
_______ _______