Crewe & Nantwich Rugby Union Football Cl - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 10352235 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2022

for

Crewe & Nantwich Rugby Union Football

Club Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S P Banks FCA

A P W Pemberton

D Potts

G M Jackson

L A Gaydon

R S Harper

B L Wainwright

REGISTERED OFFICE:

The Vagrants

Newcastle Road

Willaston

Nantwich

Cheshire

CW5 7EP

REGISTERED NUMBER:

10352235 (England and Wales)

FIXED ASSETS

Tangible assets

5

276,532

277,988

CURRENT ASSETS

Stocks

6

2,896

2,074

Cash at bank and in hand

77,706

86,655

80,602

88,729

CREDITORS

Amounts falling due within one year

7

(44,084

)

(50,885

)

NET CURRENT ASSETS

36,518

37,844

TOTAL ASSETS LESS CURRENT LIABILITIES

313,050

315,832

RESERVES

Income and expenditure account

313,050

315,832

313,050

315,832

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 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2023 and were signed on its behalf by:

S P Banks FCA - Director

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 (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

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.

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

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

Buildings

-

2% on cost

Plant and machinery

-

20% on reducing balance

Freehold land is not depreciated.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

land

Buildings

machinery

Totals

£

£

£

£

COST

At 1 September 2021

235,746

69,596

18,390

323,732

Additions

-

-

1,682

1,682

At 31 August 2022

235,746

69,596

20,072

325,414

DEPRECIATION

At 1 September 2021

-

36,083

9,661

45,744

Charge for year

-

1,392

1,746

3,138

At 31 August 2022

-

37,475

11,407

48,882

NET BOOK VALUE

At 31 August 2022

235,746

32,121

8,665

276,532

At 31 August 2021

235,746

33,513

8,729

277,988

6.

STOCKS

2022

2021

£

£

Stocks

2,896

2,074

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bounce back loan

10,607

13,273

Other creditors

33,477

37,612

44,084

50,885