Crewe & Nantwich Rugby Union Football Cl - Accounts to registrar (filleted) - small 18.2
Crewe & Nantwich Rugby Union Football Cl - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2020 |
for |
Crewe & Nantwich Rugby Union Football |
Club Limited |
Crewe & Nantwich Rugby Union Football |
Club Limited (Registered number: 10352235) |
Contents of the Financial Statements |
for the year ended 31 August 2020 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Crewe & Nantwich Rugby Union Football |
Club Limited |
Company Information |
for the year ended 31 August 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Crewe & Nantwich Rugby Union Football |
Club Limited (Registered number: 10352235) |
Statement of Financial Position |
31 August 2020 |
2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Crewe & Nantwich Rugby Union Football |
Club Limited (Registered number: 10352235) |
Notes to the Financial Statements |
for the year ended 31 August 2020 |
1. | STATUTORY INFORMATION |
Crewe & Nantwich Rugby Union Football Club Ltd ('The Company') is a rugby club. |
The company is a private company limited by guarantee and is incorporated in England and Wales. The address of the principal place of business and of the registered office is The Vagrants, Newcastle Road, Willaston, Nantwich, Cheshire, CW5 7EP. The registered number can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Summary of significant accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented, unless otherwise stated. |
Basis of preparation |
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
Going concern |
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors, including any uncertainties relating to the effects of COVID-19. |
On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. |
Turnover |
Revenue (described as turnover) represents membership income, sponsorship, donations. |
Tangible fixed assets |
Buildings | - |
Plant and machinery | - |
Freehold land is not depreciated. |
Government grants |
Government grant income is recognised under the accrual model and relates to the income statement so as to match the expenditure to which it relates. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Crewe & Nantwich Rugby Union Football |
Club Limited (Registered number: 10352235) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2020 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
5. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
land | Buildings | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2019 |
Additions |
At 31 August 2020 |
DEPRECIATION |
At 1 September 2019 |
Charge for year |
At 31 August 2020 |
NET BOOK VALUE |
At 31 August 2020 |
At 31 August 2019 |
Crewe & Nantwich Rugby Union Football |
Club Limited (Registered number: 10352235) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2020 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bounce back loan |
COVID-19 Support Grant Deferred to 2020 |
RFU Loan | 15,826 | 17,077 |
Accruals and deferred income |