Leighton Buzzard Rugby Football Club L - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07237935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

LEIGHTON BUZZARD RUGBY FOOTBALL CLUB

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Arthur

E Cohen

M G Hardy

L Beaumont

G Fletcher

M Gray

R M Evans

D W Larham

SECRETARY:

L Beaumont

REGISTERED OFFICE:

Wrights Meadow

Leighton Road

Stanbridge

Nr Leighton Buzzard

Bedfordshire

LU7 9HR

REGISTERED NUMBER:

07237935 (England and Wales)

ACCOUNTANTS:

ECL Howard Watson Smith LLP

Chartered Accountants

ECL House

Lake Street

Leighton Buzzard

Bedfordshire

LU7 1RT

FIXED ASSETS

Tangible assets

4

1,462,106

1,494,429

CURRENT ASSETS

Stocks

9,925

11,059

Debtors

5

5,622

5,949

Cash at bank and in hand

46,525

51,094

62,072

68,102

CREDITORS

Amounts falling due within one year

6

59,791

55,894

NET CURRENT ASSETS

2,281

12,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,464,387

1,506,637

CREDITORS

Amounts falling due after more than one year

7

61,725

70,845

NET ASSETS

1,402,662

1,435,792

RESERVES

Accumulated funds

9

1,622,651

1,622,651

Income and expenditure account

9

(219,989

)

(186,859

)

1,402,662

1,435,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 surplus or deficit 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 20 June 2018 and were signed on its behalf by:

R M Evans - Director

G Fletcher - Director

1.	STATUTORY INFORMATION

Leighton Buzzard Rugby Football Club Limited is a private company, limited by guarantee , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The company's turnover represents the value, excluding value added tax, of subscriptions from playing and non

playing members and sponsorship of players and kit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on valuation

Land

-

not provided

Fixtures and fittings

-

5% on cost

Radio mast land

-

not provided

Floodlights

-

5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 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.

Grants

Grants receivable against capital expenditure are released to the profit and loss account to offset the appropriate

proportion of the depreciation charge for each relevant fixed asset.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate payable and receivable or payable within one year are recorded

at transaction price. Any losses arising from impairment are recognised in the income and expenditure account

in expenditure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2017 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

Land

fittings

£

£

£

COST

At 1 May 2017

1,639,190

48,000

86,248

Additions

4,700

-

4,865

At 30 April 2018

1,643,890

48,000

91,113

DEPRECIATION

At 1 May 2017

399,626

-

47,401

Charge for year

32,858

-

4,496

At 30 April 2018

432,484

-

51,897

NET BOOK VALUE

At 30 April 2018

1,211,406

48,000

39,216

At 30 April 2017

1,239,564

48,000

38,847

Radio

mast land

Floodlights

Totals

£

£

£

COST

At 1 May 2017

100,000

90,689

1,964,127

Additions

-

-

9,565

At 30 April 2018

100,000

90,689

1,973,692

DEPRECIATION

At 1 May 2017

-

22,671

469,698

Charge for year

-

4,534

41,888

At 30 April 2018

-

27,205

511,586

NET BOOK VALUE

At 30 April 2018

100,000

63,484

1,462,106

At 30 April 2017

100,000

68,018

1,494,429

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

1,208

1,392

VAT

418

-

Prepayments

3,996

4,557

5,622

5,949

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other loans

6,924

6,924

Trade creditors

8,517

12,800

Social security and other taxes

425

327

VAT

-

760

Other creditors

19,201

15,900

Accruals and deferred income

22,528

16,987

Deferred grants

2,196

2,196

59,791

55,894

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Other loans due within 1-2 years

6,924

6,924

Other loans due within 2-5 years

20,772

20,772

Other loans due in more than 5 years by instalments

5,481

12,405

Deferred grants

28,548

30,744

61,725

70,845

Amounts falling due in more than five years:

Repayable by instalments

Other loans due in more than 5 years by instalments

5,481

12,405

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Other loans

40,101

47,025

9.

RESERVES

Accumulated funds represent the total funds transferred to the limited company from its previous entity as an

unincorporated business. It is comprised of:

Revaluation reserve

1,602,842

Income and expenditure account

19,809

£1,622,651

10.	LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. In the event of the company being wound up, the

members are liable to contribute a sum not exceeding £1 each.