Hampshire Football Association Limited - Accounts to registrar (filleted) - small 17.3
Hampshire Football Association Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditor |
Chartered Accountants |
Highland House |
Mayflower Close |
Chandler's Ford |
Eastleigh |
Hampshire |
SO53 4AR |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
BALANCE SHEET |
30 JUNE 2017 |
2017 | 2016 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Revaluation reserve | 8 |
Income and expenditure account |
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 by: |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
1. | STATUTORY INFORMATION |
Hampshire Football Association Limited is a |
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 FRS102 "The Financial Reporting Standards |
applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as |
applicable to companies subject to the small companies regime. |
The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure |
is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £1. |
The financial statements have been prepared under the historical cost convention, modified to include certain |
financial instruments at fair value. The principal accounting policies adopted are set out below. |
These financial statements are the first financial statements Hampshire Football Association Limited have |
prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in |
the UK and Republic of Ireland' (FRS 102), as applied to smaller entities by the adoption of Section 1A of |
FRS102. The financial statements of Hampshire Football Association Limited for the year ended 30 June 2016 |
were prepared in accordance with previous UK GAAP. |
Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy |
choices differ from previous UK GAAP. Consequently, the directors have amended certain accounting policies |
to comply with FRS 102. |
There have been no transitional adjustments. |
Turnover |
Turnover represents the amounts receivable in the course of running the affairs of the company, exclusive of |
value added tax. |
Turnover is attributable to one continuing activity, that of the promotion and administration of the game of |
association football in the County of Hampshire. Turnover is wholly within the United Kingdom. |
Tangible fixed assets |
Long leasehold property | - 60 years straight line, calculated monthly |
Solar panels | - 25 years straight line, calculated monthly |
Office furniture and fittings | - 25% straight line, calculated monthly |
Office equipment | - 25% straight line, calculated monthly |
Computer equipment | - 25% straight line, calculated monthly |
Motor Vehicles | - 25% straight line, calculated monthly |
3G Fund | - 10% straight line, calculated monthly |
Trophies and memorabilia are revalued every 3 years and the latest valuation has been included in these financial |
statements. Accordingly, trophies and memorabilia are no longer depreciated. |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Financial assets |
Basic financial assets, which include trade and other receivables and cash and bank balances are initially |
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the |
effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is |
measured at the present value of the future receipts discounted at a market rate of interest. |
Financial liabilities |
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and |
subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the |
debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Equity instruments |
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct |
issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the |
discretion of the company |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension contributions |
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held |
separately from those of the company. The annual contributions payable are charged to the income and |
expenditure account. |
Grants |
Capital grants received are deducted from the cost of the relevant assets. Revenue grants are credited to the |
income and expenditure account for the year to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
4. | TANGIBLE FIXED ASSETS |
Trophies |
Land & | and | Plant and |
Buildings | memorabilia | machinery |
£ | £ | £ |
COST OR VALUATION |
At 1 July 2016 |
Additions |
At 30 June 2017 |
DEPRECIATION |
At 1 July 2016 |
Charge for year |
At 30 June 2017 |
NET BOOK VALUE |
At 30 June 2017 |
At 30 June 2016 |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST OR VALUATION |
At 1 July 2016 |
Additions |
At 30 June 2017 |
DEPRECIATION |
At 1 July 2016 |
Charge for year |
At 30 June 2017 |
NET BOOK VALUE |
At 30 June 2017 |
At 30 June 2016 |
Trophies and memorabilia were last revalued for insurance purposes on 26 May 2015 by Child Trophies, 4-6 |
Queens Road, Bournemouth, BH2 6BE. |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 30 June 2017 is represented by: |
Trophies |
Land & | and | Plant and |
Buildings | memorabilia | machinery |
£ | £ | £ |
Valuation in 2012 | - | 117,412 | - |
Valuation in 2015 | - | 17,575 | - |
Cost | 905,270 | 52,685 | 55,060 |
905,270 | 187,672 | 55,060 |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Valuation in 2012 | - | - | - | 117,412 |
Valuation in 2015 | - | - | - | 17,575 |
Cost | 65,665 | 19,000 | 58,344 | 1,156,024 |
65,665 | 19,000 | 58,344 | 1,291,011 |
5. | DEBTORS |
2017 | 2016 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
HAMPSHIRE FOOTBALL ASSOCIATION LIMITED (REGISTERED NUMBER: 03975817) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
Within one year |
Between one and five years |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 July 2016 |
and 30 June 2017 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | LIMITED BY GUARANTEE |
The companies is limited by guarantee and does not have a share capital. Each of the members of the company |
agrees, in the event of the company being wound up, to contribute to any deficiency in assets a sum not |
exceeding £10. |