Coalville Rugby Football Club Properties - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04007651 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Coalville Rugby Football Club Properties

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D F Burchell

S White

D L Pickering

D J Smith

REGISTERED OFFICE:

Memorial Ground

Hall Lane

Whitwick

Leicestershire

LE67 5PF

REGISTERED NUMBER:

04007651 (England and Wales)

ACCOUNTANTS:

C Povey Accountancy Services

88 Ashburton Road

Hugglescote

Coalville

Leicestershire

LE67 2HB

FIXED ASSETS

Tangible assets

4

5,080

5,977

Investment property

5

850,000

850,000

855,080

855,977

CURRENT ASSETS

Debtors

6

3,129

-

Cash at bank

24,669

56,095

27,798

56,095

CREDITORS

Amounts falling due within one year

7

266,809

279,464

NET CURRENT LIABILITIES

(239,011

)

(223,369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

616,069

632,608

CAPITAL AND RESERVES

Called up share capital

2

2

Share premium

1,009,640

1,009,640

Retained earnings

(393,573

)

(377,034

)

616,069

632,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 2 May 2023 and were signed on its behalf by:

D F Burchell - Director

1.	STATUTORY INFORMATION

Coalville Rugby Football Club Properties Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

and 31 August 2022

100,620

DEPRECIATION

At 1 September 2021

94,643

Charge for year

897

At 31 August 2022

95,540

NET BOOK VALUE

At 31 August 2022

5,080

At 31 August 2021

5,977

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2021

and 31 August 2022

850,000

NET BOOK VALUE

At 31 August 2022

850,000

At 31 August 2021

850,000

Investment property was professionally valued on 19 July 2018. The directors consider that this valuation is still applicable at 31 August 2022. If the investment property had not been revalued it would have been included at its historical cost amount of £1,171,883.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

3,129

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

-

638

Other creditors

266,809

278,826

266,809

279,464

8.	RELATED PARTY DISCLOSURES