The County Ground Stadium Custodians Limited - Period Ending 2022-12-31

The County Ground Stadium Custodians Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

The County Ground Stadium Custodians Limited

(Registration number: 13792068)
Balance Sheet as at 31 December 2022

	Note	2022 £
Current assets
Debtors	4	100
Creditors: Amounts falling due within one year	5	(1,599)
Net liabilities		(1,499)
Capital and reserves
Called up share capital		2
Retained earnings		(1,501)
Shareholders' deficit		(1,499)

For the financial period ending 31 December 2022 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 July 2023 and signed on its behalf by:
 

......................................... Mr R Angus Director

......................................... Mr S P Mytton Director

The County Ground Stadium Custodians Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2021 to 31 December 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3rd Floor 1 Ashley Road
Altrincham
Cheshire
WA14 2DT

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income and property improvements in relation to the football stadium. Turnover is shown net of value added tax, returns, rebates and discounts.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

The County Ground Stadium Custodians Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2021 to 31 December 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Debtors

Current	2022 £
Other debtors	100

5

Creditors

Creditors: amounts falling due within one year

	2022 £
Due within one year
Loans and borrowings	598
Other creditors	1,001
	1,599

6	Loans and borrowings

	2022 £
Current loans and borrowings
Other borrowings	598

The County Ground Stadium Custodians Limited

Notes to the Unaudited Financial Statements for the Period from 9 December 2021 to 31 December 2022

7	Related party transactions

Summary of transactions with other related parties

C G B Morfuni is also a director of the following company:

Swindon Town Football Company Limited which has advanced a loan to the company. There are no formal terms of repayment and the loan has therefore been classified as due within one year.
At the balance sheet date, loans and borrowings included amounts due to Swindon Town Football Company Limited amounting to £299.

S P Mytton and N Hutchings are also directors of the following company:

Swindon Town Community Mutual Limited which has advanced a loan to the company. There are no formal terms of repayment and the loan has therefore been classified as due within one year.
At the balance sheet date, loans and borrowings included amounts due to Swindon Town Community Mutual Limited amounting to £299.