Doncaster Rovers Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 03739676 (England and Wales)

DONCASTER ROVERS LIMITED

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2022

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr T G Bramall

Mr G Baldwin

Mr D Blunt

REGISTERED OFFICE:

Eco-Power Stadium

Stadium Way

Doncaster

South Yorkshire

DN4 5JW

REGISTERED NUMBER:

03739676 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kelvin Fitton BA FCA

AUDITORS:

Xeinadin Audit Limited

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

The directors present their report with the financial statements of the company for the year ended 30 June 2022.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2021 to the date of this report.

Mr T G Bramall

Mr G Baldwin

Mr D Blunt

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors 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 of 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 judgements and accounting estimates that are reasonable and prudent;

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr G Baldwin - Director

30 June 2023

FIXED ASSETS

Intangible assets

4

-

59,693

Tangible assets

5

871,953

988,997

871,953

1,048,690

CURRENT ASSETS

Debtors

6

1,834,078

2,252,902

Cash at bank and in hand

76,338

297,248

1,910,416

2,550,150

CREDITORS

Amounts falling due within one year

7

3,123,534

2,671,449

NET CURRENT LIABILITIES

(1,213,118

)

(121,299

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(341,165

)

927,391

CREDITORS

Amounts falling due after more than one year

8

75,021

273,739

NET (LIABILITIES)/ASSETS

(416,186

)

653,652

CAPITAL AND RESERVES

Called up share capital

11

33,163,608

33,163,608

Retained earnings

12

(33,579,794

)

(32,509,956

)

SHAREHOLDERS' FUNDS

(416,186

)

653,652

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 30 June 2023 and were signed on its behalf by:

Mr G Baldwin - Director

1.	STATUTORY INFORMATION

Doncaster Rovers 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.

Going Concern

The accounts have been prepared on the going concern basis.

The directors consider the basis of the preparation to be appropriate based on their continuing financial support of the company's principal creditors and ultimate controlling parties and its future operating prospects.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents various income streams associated with operating a professional football club including gate receipts, transfer fees receivable and commercial income.

Transfer and signing on fees

The cost of players' registrations are capitalised and amortised over the period of the respective players' contracts.

Signing on fees are capitalised and amortised in full in the year that they are paid.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Training ground

-

Straight line over the life of the lease

Long leasehold

-

Straight line over the life of the lease

Plant and machinery

-

40% on reducing balance and 10% - 25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 186 (2021 - 141 ) .

4.	INTANGIBLE FIXED ASSETS

Transfer

Fees

£

COST

At 1 July 2021

and 30 June 2022

136,185

AMORTISATION

At 1 July 2021

76,492

Amortisation for year

59,693

At 30 June 2022

136,185

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

59,693

5.	TANGIBLE FIXED ASSETS

Training

Long

Plant and

ground

leasehold

machinery

£

£

£

COST

At 1 July 2021

603,768

439,551

675,192

Additions

-

-

1,815

At 30 June 2022

603,768

439,551

677,007

DEPRECIATION

At 1 July 2021

260,401

134,466

391,125

Charge for year

6,555

21,977

78,399

At 30 June 2022

266,956

156,443

469,524

NET BOOK VALUE

At 30 June 2022

336,812

283,108

207,483

At 30 June 2021

343,367

305,085

284,067

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2021

166,162

23,410

212,617

2,120,700

Additions

-

-

13,502

15,317

At 30 June 2022

166,162

23,410

226,119

2,136,017

DEPRECIATION

At 1 July 2021

147,635

-

198,076

1,131,703

Charge for year

5,053

5,853

14,524

132,361

At 30 June 2022

152,688

5,853

212,600

1,264,064

NET BOOK VALUE

At 30 June 2022

13,474

17,557

13,519

871,953

At 30 June 2021

18,527

23,410

14,541

988,997

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 July 2021

and 30 June 2022

25,776

DEPRECIATION

At 1 July 2021

and 30 June 2022

18,918

NET BOOK VALUE

At 30 June 2022

6,858

At 30 June 2021

6,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

894,081

1,576,333

Other debtors

939,997

676,569

1,834,078

2,252,902

Included in Trade Debtors is £400,000 (2021: £814,367) which is receivable after more than one year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other loans

160,713

139,496

Fixed sum loan

80,047

-

Hire purchase contracts (see note 9)

3,655

8,614

Trade creditors

1,445,888

1,031,713

Social security and other taxes

483,809

802,040

Other creditors

949,422

689,586

3,123,534

2,671,449

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other loans

-

122,400

Hire purchase contracts (see note 9)

2,521

6,339

Trade creditors

72,500

145,000

75,021

273,739

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2022

2021

£

£

Net obligations repayable:

Within one year

3,655

8,614

Between one and five years

2,521

6,339

6,176

14,953

Non-cancellable

operating leases

2022

2021

£

£

Within one year

137,307

167,831

Between one and five years

540,570

556,141

In more than five years

8,197,994

8,318,364

8,875,871

9,042,336

10.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Hire purchase contracts

6,176

14,953

Hire purchase borrowings are secured by way of charges over the relevant assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

33,163,608

Ordinary

1

33,163,608

33,163,608

12.

RESERVES

Retained

earnings

£

At 1 July 2021

(32,509,956

)

Deficit for the year

(1,069,838

)

At 30 June 2022

(33,579,794

)

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

14.	CONTINGENT LIABILITIES

There is a charge outstanding against the artificial football pitch on which the club received capital grant funding totalling £276,802 from the Football Foundation. If the pitch is not used for qualifying purposes as described in the grant award, the total award would become repayable.

15.	RELATED PARTY DISCLOSURES

At the year end, the Company was due an amount of £70,475 from Club Doncaster Limited (2021: £70,475), the Company's ultimate parent undertaking. There are no formal repayment terms and no interest has been charged on the amounts outstanding.

The Company trades with Club Doncaster Community & Sports Foundation, a Company which G Baldwin is a director and during the year, made sales of £354,246 (2021: £331,832) with £111,563 (2021: £105,823) receivable at the year end.

The Company also made purchases and incurred recharges of expenses from Club Doncaster Community & Sports Foundation totalling £12,087 (2021: £5,274), with £69,216 (2021: £57,129) payable at the year end.

At the year end included in Other Creditors is £117,157 (2021: £126,748) due to Club Doncaster Community & Sports Foundation. The are no formal repayment terms and no interest has been charged on the outstanding amount.

The Company trades with Doncaster Rugby League Club Limited, a Company which G Baldwin is a director, during the year made sales of £14,016 (2021: £14,948), with £Nil (2021: £Nil) receivable at the year end.

The Company also made purchases and incurred recharges of expenses from Doncaster Rugby League Club Limited totalling £44,733 (2021: £28,676) , with £10,346 (2021: £36,386) payable at the year end.

At the year end included in Other Debtors is £430,833 (2021: £224,226) due from from Doncaster Rugby League Club Limited. The are no formal repayment terms and no interest has been charged on the outstanding amount.

The Company trades with Doncaster Rovers Belles Ladies Football Club Limited, a Company which G Baldwin is a director. During the year made sales of £38,299 (2021: £33,382), with £15,190 (2021: £35,508) receivable at the year

The Company also made purchases and incurred recharges of expenses from Doncaster Rovers Belles Ladies Football Club Limited totalling £34,613 (2021: £16,162) , with £Nil (2021: £Nil) payable at the year end.

At the year end included in Other Debtors is £99,673 (2021: £24,374) due from from Doncaster Rovers Belles Ladies Football Club Limited. The are no formal repayment terms and no interest has been charged on the outstanding amount.

16.	POST BALANCE SHEET EVENTS

Since the year end date, playing registrations of certain footballers have been disposed of on a permanent or temporary basis, subsequent to 30 June 2022, for total proceeds, net of associated costs, of £221,500. The associated net book value was £Nil.

The Company has also restructured the first team management at an initial cost of £301,570.

17.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the Directors who collectively own 85.8% of the ordinary share capital by virtue of their shareholdings in Club Doncaster Limited the Company's immediate parent undertaking.