Marlow Football Club Limited
Marlow Football Club Limited
Registered number: 03525157
Unaudited Financial Statements
For The Year Ended 30 April 2018
Marlow Football Club Limited
Unaudited Financial Statements
For The Year Ended 30 April 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—5 |
Marlow Football Club Limited
Statement of Financial Position
As at
30 April 2018
Statement of Financial Position
Registered number:
03525157
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| NET ASSETS |
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| RESERVES | |||||
| Capital redemption reserve |
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| Income Statement |
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| MEMBERS' FUNDS | 122,928 | 120,108 | |||
Page 1
Marlow Football Club Limited
Statement of Financial Position (continued)
As at
30 April 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Marlow Football Club Limited
Notes to the Financial Statements
For The Year Ended 30 April 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Football Ground |
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| Club Room |
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| Floodlights & Equipment |
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| Office, Bar & Equipment |
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1.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Tangible Assets
| Land & Property | |||||
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| Football Ground | Club Room | Floodlights & Equipment | Office, Bar & Equipment | Total | |
| £ | £ | £ | £ | £ | |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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5.
Stocks
| 2018 | 2017 | ||
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| £ | £ | ||
| Stock - work in progress |
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Page 3
Marlow Football Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
6.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| VAT |
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7.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Other taxes and social security |
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| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Loans. |
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| Other creditors |
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| Directors loan account |
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9.
Related Party Transactions
As at 30 April 2018 Mr R C Frith, a director of the company, was owed £14,150 (2017 - £14,150), this figure being shown in "other creditors" for work he has previously carried out on behalf of the company as a self employed management consultant.
Loans have been advanced to the company by the director, Mr T J Staines and amounts owing to him as at 30 April 2018 were £21,431 (2017 - £21,431).
Loans have been advanced to the company by the director, Mr A Dormer and amounts owing to him as at 30 April 2018 were £5,100.
Loans have been advanced to the company by the director, Mr I Benfell and amounts owing to him as at 30 April 2018 were £5,000.
All the above loans have been made interest free.
It is the intention that the above amounts will not be repaid until the company has sufficient resources to do so, as determined by the directors.
10.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Page 4
Marlow Football Club Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2018
11.
General Information
Marlow Football Club Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 03525157 . The registered office is Alfred Davis Ground, Oak Tree Road, Marlow, Buckinghamshire, SL7 3ED.
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