REGISTERED NUMBER:
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Colwyn Bay Football Club Limited |
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Financial Statements |
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for the Period 1 June 2018 to 30 November 2019 |
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REGISTERED NUMBER:
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Colwyn Bay Football Club Limited |
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Financial Statements |
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for the Period 1 June 2018 to 30 November 2019 |
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Colwyn Bay Football Club Limited (Registered number: 03196335) |
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Contents of the Financial Statements |
for the period 1 June 2018 to 30 November 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Colwyn Bay Football Club Limited |
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Company Information |
for the period 1 June 2018 to 30 November 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
Chartered Accountants |
Irish Square |
Upper Denbigh Road |
St Asaph |
Denbighshire |
LL17 0RN |
Colwyn Bay Football Club Limited (Registered number: 03196335) |
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Balance Sheet |
30 November 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
ASSETS |
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FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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134,038 | 116,807 |
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CAPITAL, RESERVES AND LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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CREDITORS | 7 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Colwyn Bay Football Club Limited (Registered number: 03196335) |
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Notes to the Financial Statements |
for the period 1 June 2018 to 30 November 2019 |
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1. | STATUTORY INFORMATION |
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Colwyn Bay Football Club Limited is a
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The company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 period end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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Colwyn Bay Football Club Limited (Registered number: 03196335) |
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Notes to the Financial Statements - continued |
for the period 1 June 2018 to 30 November 2019 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 June 2018 |
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Additions |
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At 30 November 2019 |
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DEPRECIATION |
At 1 June 2018 |
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Charge for period |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 31 May 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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As at 30 November 2019 and 31 May 2018 there were no amounts receivable in respect of player transfers. |
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6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 June 2018 |
and 30 November 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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As at 30 November 2019 and 31 May 2018 there were no amounts payable in respect of player transfers. |
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As at 30 November 2019 and 31 May 2018 there were no amounts payable in respect of bank loans and |
provisions. |
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Included within other creditors is a balance of £6,394 of deferred income relating to future years. |
Colwyn Bay Football Club Limited (Registered number: 03196335) |
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Notes to the Financial Statements - continued |
for the period 1 June 2018 to 30 November 2019 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for qualified opinion |
The audit evidence available to us did not agree to accounting transactions in relation to the income during the |
year. As a result of this we have been unable to obtain sufficient appropriate audit evidence concerning income |
received. |
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We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable |
law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit |
of the financial statements section of our report. We are independent of the company in accordance with the |
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's |
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. |
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our |
qualified opinion. |
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Matters required to report by exception |
Except for the matter described in the basis for qualified opinion section of our report, in the light of the |
knowledge and understanding of the company and its environment obtained in the course of the audit, we have |
not identified material misstatements in the Report of the Directors. |
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for and on behalf of
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9. | CONTINGENT LIABILITIES |
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As at 30 November 2019 and 31 May 2018 there were no contingent liabilities. |
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10. | RELATED PARTY DISCLOSURES |
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Mr D Titchiner, a director regularly donates money into the club to support its ability to continue as a going |
concern. Within this period, donations totalled £90,845. |
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Mr B Titchiner, a director also donated money into the club to support its ability to continue as a going concern. |
Within this period, donations totalled £36,300. |
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Other related parties are Colwyn Bay Football Academy and Colwyn Bay Football in the Community, which are |
ran as separate entities and transactions between the two are those in the normal course of business, |
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11. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |