Running Rugby Ltd - Limited company accounts 16.3

REGISTERED NUMBER: 05734789 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

RUNNING RUGBY LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

D M Williams

D Lawrenson

REGISTERED OFFICE:

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

REGISTERED NUMBER:

05734789 (England and Wales)

ACCOUNTANTS:

L E Marshall & Co

Chartered Accountants

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this

report.

D M Williams

D Lawrenson

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:

D M Williams - Director

21 September 2017

TURNOVER

4,775

4,455

Cost of sales

3,250

5,455

GROSS PROFIT/(LOSS)

1,525

(1,000

)

Administrative expenses

2,269

536

OPERATING LOSS and

LOSS BEFORE TAXATION

3

(744

)

(1,536

)

Tax on loss

-

LOSS FOR THE FINANCIAL YEAR

(744

)

(1,536

)

CURRENT ASSETS

Debtors

5

539

1,821

Cash at bank

112

1,551

651

3,372

CREDITORS

Amounts falling due within one year

6

37,576

39,553

NET CURRENT LIABILITIES

(36,925

)

(36,181

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,925

)

(36,181

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(37,025

)

(36,281

)

SHAREHOLDERS' FUNDS

(36,925

)

(36,181

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 September 2017 and were signed on its behalf
by:

D M Williams - Director

1.	STATUTORY INFORMATION

Running Rugby Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Computer equipment

-

33% on cost

3.	OPERATING LOSS

The operating loss is stated after charging:

31.12.16

31.12.15

£

Depreciation - owned assets

-

56

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

169

Disposals

(169

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

169

Eliminated on disposal

(169

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

450

1,643

Other debtors

89

178

539

1,821

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

2,443

3,979

Amounts owed to group undertakings

27,697

28,038

Other creditors

7,436

7,536

37,576

39,553

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Big Bug Sports Limited. This company has undertaken to finance Running

Rugby Ltd for the foreseeable future.