Charlton Athletic Womens Football Club Limited 30/06/2022 iXBRL

Charlton Athletic Womens Football Club Limited 30/06/2022 iXBRL

CHARLTON ATHLETIC WOMENS FOOTBALL CLUB LIMITED - Company Information

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40 30/06/2022 2022-06-30 false false false false true false false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2021-07-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08396323 2021-07-01 2022-06-30 08396323 2022-06-30 08396323 2020-07-01 2021-06-30 08396323 2021-06-30 08396323 2020-06-30 08396323 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 08396323 bus:LeadAgentIfApplicable 2021-07-01 2022-06-30 08396323 bus:Director2 2021-07-01 2022-06-30 08396323 core:WithinOneYear 2022-06-30 08396323 core:WithinOneYear 2021-06-30 08396323 core:ShareCapital 2020-07-01 2021-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2020-07-01 2021-06-30 08396323 core:SharePremium 2020-07-01 2021-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 08396323 core:UKTax 2021-07-01 2022-06-30 08396323 core:UKTax 2020-07-01 2021-06-30 08396323 core:ShareCapital 2022-06-30 08396323 core:ShareCapital 2021-06-30 08396323 core:SharePremium 2022-06-30 08396323 core:SharePremium 2021-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2022-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2021-06-30 08396323 core:ShareCapital 2020-06-30 08396323 core:SharePremium 2020-06-30 08396323 core:RetainedEarningsAccumulatedLosses 2020-06-30 08396323 bus:OrdinaryShareClass1 core:ShareCapital 2022-06-30 08396323 bus:OrdinaryShareClass1 core:ShareCapital 2021-06-30 08396323 bus:SmallEntities 2021-07-01 2022-06-30 08396323 bus:Audited 2021-07-01 2022-06-30 08396323 bus:FullAccounts 2021-07-01 2022-06-30 08396323 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 08396323 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 08396323 1 2021-07-01 2022-06-30
Company registration number: 08396323
Charlton Athletic Womens Football Club Limited
Filleted financial statements
30 June 2022
Charlton Athletic Womens Football Club Limited
Contents
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Charlton Athletic Womens Football Club Limited
Directors responsibilities statement
Year ended 30 June 2022
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Charlton Athletic Womens Football Club Limited
Statement of financial position
30 June 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 4 68,379 560,985
Cash at bank and in hand 30,919 7,688
_______ _______
99,298 568,673
Creditors: amounts falling due
within one year 5 ( 597,730) ( 241,552)
_______ _______
Net current (liabilities)/assets ( 498,432) 327,121
_______ _______
Total assets less current liabilities ( 498,432) 327,121
_______ _______
Net (liabilities)/assets ( 498,432) 327,121
_______ _______
Capital and reserves
Called up share capital 6 4,500 4,500
Share premium account 40,500 40,500
Profit and loss account ( 543,432) 282,121
_______ _______
Shareholders (deficit)/funds ( 498,432) 327,121
_______ _______
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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 March 2023 , and are signed on behalf of the board by:
Mr Thomas Sandgaard
Director
Company registration number: 08396323
Charlton Athletic Womens Football Club Limited
Statement of changes in equity
Year ended 30 June 2022
Called up share capital Share premium account Profit and loss account Total
£ £ £ £
At 1 July 2020 4,700 60,300 ( 96,059) ( 31,059)
(Loss)/profit for the year 358,180 358,180
_______ _______ _______ _______
Total comprehensive income for the year - - 358,180 358,180
Cancellation of subscribed capital ( 200) 200 -
Reduction of share premium on cancelled capital - ( 19,800) 19,800 -
_______ _______ _______ _______
Total investments by and distributions to owners ( 200) ( 19,800) 20,000 -
_______ _______ _______ _______
At 30 June 2021 and 1 July 2021 4,500 40,500 282,121 327,121
(Loss)/profit for the year ( 825,553) ( 825,553)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 825,553) ( 825,553)
_______ _______ _______ _______
At 30 June 2022 4,500 40,500 ( 543,432) ( 498,432)
_______ _______ _______ _______
Charlton Athletic Womens Football Club Limited
Notes to the financial statements
Year ended 30 June 2022
1. General information
Charlton Athletic Womens Football Club Limited (Company number 08396323 ) is a private company limited by shares, registered in England and Wales. The address of the registered office is The Valley, Floyd Road, London, SE7 8BL.
Going concern
Due to the significant loss made by the company in the year, it was prudent to include a note with regard to going concern. A letter of support has been provided by the parent company to confirm that they will provide sufficient funds to support the company should it be necessary. On that basis, the directors conclude that the company should be assessed as a going concern for a period of at least twelve months from the date of signing the financial statements.
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 rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. Hence gate receipts are recognised when the match occurs.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, and loans from the director.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 40 (2021: 28).
3. Tax on loss/profit
Major components of tax income/expense
2022 2021
£ £
UK current tax expense - 61,485
Adjustments in respect of previous periods ( 61,485) -
_______ _______
Tax on loss/profit ( 61,485) 61,485
_______ _______
Reconciliation of tax income/expense
2022 2021
£ £
(Loss)/profit before taxation ( 887,038) 419,665
_______ _______
(Loss)/profit multiplied by rate of tax at 19% ( 168,537) 79,736
Utilisation of tax losses - ( 18,251)
Unrelieved tax losses 107,052 -
_______ _______
Tax on loss/profit ( 61,485) 61,485
_______ _______
4. Debtors
2022 2021
£ £
Trade debtors 13,833 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 557,722
Other debtors 54,546 3,263
_______ _______
68,379 560,985
_______ _______
5. Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 141,449 7,856
Amounts owed to group undertakings and undertakings in which the company has a participating interest 396,110 -
Corporation tax - 61,485
Social security and other taxes 19,503 3,485
Other creditors 40,668 168,726
_______ _______
597,730 241,552
_______ _______
6. Called up share capital
Issued, called up and fully paid
2022 2021
No £ No £
Ordinary shares of £ 0.10 each 45,000 4,500 45,000 4,500
_______ _______ _______ _______
7. Summary audit opinion
The auditor's report for the year dated 30 March 2023 was unqualified .
The senior statutory auditor was Michael Fanning for and on behalf of Henry Reeves & Co Limited
8. Controlling party
Clear Ocean Capital Limited is the controlling party by virtue of holding of 100% of the issued ordinary share capital . Group accounts will be prepared by this company, whose registered office is The Valley, Floyd Road, London, SE7 8BL.Clear Ocean Capital Limited is 100% owned by Sandgaard Capital LLC, a company registered in the United States of America, and can be found at the address 1175 Castle Point Drive, Castle Rock, Colorado 80104, USA. The ultimate controlling party is Mr Thomas Sandgaard .