Huntly Football Club Limited - Accounts to registrar (filleted) - small 18.2
Huntly Football Club Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2018 |
| for |
| Huntly Football Club Limited |
| Huntly Football Club Limited (Registered number: SC138604) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Huntly Football Club Limited |
| Company Information |
| for the Year Ended 31 May 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 7 Ythan Terrace |
| Ellon |
| Aberdeenshire |
| AB41 9LJ |
| Huntly Football Club Limited (Registered number: SC138604) |
| Balance Sheet |
| 31 May 2018 |
| 31/5/18 | 31/5/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash in hand | ( |
) |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Other reserves |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| Huntly Football Club Limited (Registered number: SC138604) |
| Balance Sheet - continued |
| 31 May 2018 |
| 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 on |
| Huntly Football Club Limited (Registered number: SC138604) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2018 |
| 1. | STATUTORY INFORMATION |
| Huntly Football Club Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. Turnover represents income receivable from football and related commercial activities. |
| Match Receipts |
| Income from the season tickets, gate receipts and other match day revenues are recognised over the period of the football |
| season as games are played. |
| Merit Awards |
| Income from merit awards are only accounted for when the amount receivable is known. |
| Sponsorship |
| Income from sponsorship is recognised over the duration of the respective contracts. |
| Transfer Fees Received |
| Income from transfer fees received are accounted for in the period in which they are received. |
| Fund Raising Events |
| Income from fund raising events are accounted for in the period in which they are received. |
| Donations |
| Income from donations are accounted for in the period in which they are received. |
| Intangible assets |
| Player contracts are being amortised evenly over their estimated useful life of nil years. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Capital reserve |
| The Capital reserve represents non-distributable funds transferred to the company following incorporation of the football |
| club. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Huntly Football Club Limited (Registered number: SC138604) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 June 2017 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2018 |
| AMORTISATION |
| At 1 June 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2017 |
| and 31 May 2018 |
| DEPRECIATION |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Huntly Football Club Limited (Registered number: SC138604) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| During the year the director George Clark advanced the company net amounts totalling £7,000. This amount remained |
| outstanding at 31/5/2018 and is included within other creditors in the notes to the accounts. |