Pewsey_Vale_Rugby_Football_Club_Ltd_31_May_2021_companies_house_set_of_accounts.html
Pewsey_Vale_Rugby_Football_Club_Ltd_31_May_2021_companies_house_set_of_accounts.html
Company registration number:
Company limited by guarantee
Unaudited Filleted Financial Statements
for the year ended
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Pewsey Vale Rugby Football Club Ltd
Year ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Pewsey Vale Rugby Football Club Ltd for the year ended 31 May 2021 which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Pewsey Vale Rugby Football Club Ltd , as a body, in accordance with the terms of my engagement letter dated 25 March 2020. My work has been undertaken solely to prepare for your approval the financial statements of Pewsey Vale Rugby Football Club Ltd and state those matters that I have agreed to state to the Board of Directors of Pewsey Vale Rugby Football Club Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Pewsey Vale Rugby Football Club Ltd and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that Pewsey Vale Rugby Football Club Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pewsey Vale Rugby Football Club Ltd . You consider that Pewsey Vale Rugby Football Club Ltd is exempt from the statutory audit requirement for the year.
Chartered Accountant
DrybeckBeckhamptonMartlboroughWiltshireSN8 1QJUnited Kingdom
Date:
28 February 2022
Statement of Financial Position
| 2021 | 2020 | ||||
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 6 |
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| Current assets | |||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 8 |
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| Net current assets |
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| Total assets less current liabilities | 148,789 | 138,019 | |||
| Creditors: amounts falling due after more than one year | 9 |
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| Net assets |
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| Capital and reserves | |||||
| Profit and loss account |
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| Members funds |
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For the year ending 31 May 2021 , 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.
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 28 February 2022 , and are signed on behalf of the board by:
| Director |
Company registration number:
6902517
Notes to the Financial Statements
Year ended 31 May 2021
1 General information
The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is Angela Yeates Memorial Ground , Wilcot Road , Pewsey , Wiltshire , SN9 5NL , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Plant and machinery |
4 Limited by guarantee
The company is limited by guarantee. No Director holds any interest in the company, other than as a guarantor, and none of the directors received any remuneration or benefits from the company.
5 Average number of employees
The average number of persons employed by the company during the year was Nil (2020: Nil).
6 Tangible assets
| Land and buildings | Plant and machinery etc. | Total | ||||
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| £ | £ | £ | ||||
| Cost | ||||||
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| Additions |
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| Depreciation | ||||||
| At |
- |
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| Charge | - |
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| At |
- |
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| Carrying amount | ||||||
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| At 31 December 2020 |
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7 Debtors
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors |
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8 Creditors: amounts falling due within one year
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors |
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9 Creditors: amounts falling due after more than one year
| 2021 | 2020 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors |
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