Nantwich Football Trust Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07327080 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2021

FOR

NANTWICH FOOTBALL TRUST LTD

(LIMITED BY GUARANTEE)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B E Lycett

R Melling

J Morris

A Pye

P Temmen

C Thomasson

J P Brydon

R A Tilley

M D Chatwin

C H Grant

REGISTERED OFFICE:

Weaver Stadium

Waterlode

Nantwich

Cheshire

CW5 5BS

REGISTERED NUMBER:

07327080 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,472,901

3,521,328

CURRENT ASSETS

Debtors

5

11

10

NET CURRENT ASSETS

11

10

TOTAL ASSETS LESS CURRENT LIABILITIES

3,472,912

3,521,338

ACCRUALS AND DEFERRED INCOME

795,946

816,355

NET ASSETS

2,676,966

2,704,983

RESERVES

Retained earnings

2,676,966

2,704,983

2,676,966

2,704,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2021 in accordance with Section 476 of the Companies Act 2006.

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 profit or loss 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.

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 and authorised for issue on 6th February 2022 and were signed on its behalf by:

M D Chatwin - Director

1.	STATUTORY INFORMATION

Nantwich Football Trust Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land - not depreciated

Buildings - 2% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Grants received

Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account over the useful lives of the related assets while grants related to expenses are treated as other income in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st June 2020

and 31st May 2021

4,005,598

DEPRECIATION

At 1st June 2020

484,270

Charge for year

48,427

At 31st May 2021

532,697

NET BOOK VALUE

At 31st May 2021

3,472,901

At 31st May 2020

3,521,328

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

11

10

6.	MEMBERS LIABILITY

The liability of each member is limited to a contribution not exceeding one pound in the event of the company being wound up whilst they are still a member, and within one year of them ceasing to be a member. The contribution will be towards the payment of debts and liabilities of the company contracted before they ceased to be a member, and those incurred in connection with winding up the company or making adjustments to the rights of the contributors amongst themselves.