Hampshire Football Association Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03975817 (England and Wales)

HAMPSHIRE FOOTBALL ASSOCIATION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A Cassar

M J Oliver

J W T Pearson

Ms V Raynbird

P M Scoble

N P Taplin

S J Yeomans

I V Walkom

Ms L Hind

SECRETARY:

N A Cassar

REGISTERED OFFICE:

Winklebury Football Complex

Winklebury Way

Basingstoke

Hampshire

RG23 8BF

REGISTERED NUMBER:

03975817 (England and Wales)

SENIOR STATUTORY AUDITOR:

Alan Williams FCA

AUDITORS:

Hopper Williams & Bell Limited

Statutory Auditor

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

FIXED ASSETS

Tangible assets

4

1,057,460

1,039,312

CURRENT ASSETS

Stocks

5,439

4,870

Debtors

5

74,841

47,446

Cash at bank

432,060

472,506

512,340

524,822

CREDITORS

Amounts falling due within one year

6

(340,866

)

(337,986

)

NET CURRENT ASSETS

171,474

186,836

TOTAL ASSETS LESS CURRENT LIABILITIES

1,228,934

1,226,148

RESERVES

Revaluation reserve

8

134,987

134,987

Income and expenditure account

1,093,947

1,091,161

1,228,934

1,226,148

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 21 December 2018 and were signed on its behalf by:

S J Yeomans - Director

1.	STATUTORY INFORMATION

Hampshire Football Association 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.

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.

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

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

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.

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 30 (2017 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Trophies

Land &

and

Plant and

Buildings

memorabilia

machinery

£

£

£

COST OR VALUATION

At 1 July 2017

905,270

187,672

55,060

Additions

-

3,225

30,872

At 30 June 2018

905,270

190,897

85,932

DEPRECIATION

At 1 July 2017

125,482

-

12,344

Charge for year

15,088

-

3,539

Eliminated on disposal

-

-

-

At 30 June 2018

140,570

-

15,883

NET BOOK VALUE

At 30 June 2018

764,700

190,897

70,049

At 30 June 2017

779,788

187,672

42,716

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2017

65,665

19,000

58,344

1,291,011

Additions

11,586

-

6,031

51,714

Disposals

-

-

(13,421

)

(13,421

)

At 30 June 2018

77,251

19,000

50,954

1,329,304

DEPRECIATION

At 1 July 2017

57,078

6,333

50,462

251,699

Charge for year

5,926

4,750

4,263

33,566

Eliminated on disposal

-

-

(13,421

)

(13,421

)

At 30 June 2018

63,004

11,083

41,304

271,844

NET BOOK VALUE

At 30 June 2018

14,247

7,917

9,650

1,057,460

At 30 June 2017

8,587

12,667

7,882

1,039,312

Trophies and memorabilia were last revalued for insurance purposes on 26 May 2015 by Child Trophies, 4-6

Queens Road, Bournemouth, BH2 6BE.

Cost or valuation at 30 June 2018 is represented by:

Trophies

Land &

and

Plant and

Buildings

memorabilia

machinery

£

£

£

Valuation in 2012

-

117,412

-

Valuation in 2015

-

17,575

-

Cost

905,270

55,910

85,932

905,270

190,897

85,932

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2012

-

-

-

117,412

Valuation in 2015

-

-

-

17,575

Cost

77,251

19,000

50,954

1,194,317

77,251

19,000

50,954

1,329,304

5.

DEBTORS

2018

2017

£

£

Amounts falling due within one year:

Other debtors

71,341

42,446

Amounts falling due after more than one year:

Other debtors

3,500

5,000

Aggregate amounts

74,841

47,446

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

86,706

47,371

Taxation and social security

19,854

19,303

Other creditors

234,306

271,312

340,866

337,986

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

11,004

3,448

Between one and five years

6,034

6,746

17,038

10,194

During the year the company entered into a management agreement which is inextricably linked to the lease of a

premises. The management agreement runs until 2023 at a cost of £25,000 per annum.

8.

RESERVES

Revaluation

reserve

£

At 1 July 2017

and 30 June 2018

134,987

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Williams FCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited

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.