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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 5 May 2017 to 30 June 2018 |
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for |
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Dagenham and Redbridge FC 2017 Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 5 May 2017 to 30 June 2018 |
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for |
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Dagenham and Redbridge FC 2017 Limited |
Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Contents of the Financial Statements |
for the Period 5 May 2017 to 30 June 2018 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Balance Sheet |
30 June 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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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. |
Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Balance Sheet - continued |
30 June 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Notes to the Financial Statements |
for the Period 5 May 2017 to 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Dagenham and Redbridge FC 2017 Limited is a
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Wales. The company's registered number and registered office address are as below: |
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Registered number: | 10755779 |
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Registered office: | Victoria Road Ground |
Victoria Road |
Dagenham |
Essex |
RM10 7XL |
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2. | ACCOUNTING POLICIES |
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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. |
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Turnover |
Turnover represents income receivable from commercial activities excluding value added tax. Broadcast and |
match day income is recognised when related matches are played. Advance season ticket sales are included in |
deferred income and released to turnover in the relevant season. |
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Tangible fixed assets |
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Short leasehold | - |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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. |
Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Notes to the Financial Statements - continued |
for the Period 5 May 2017 to 30 June 2018 |
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2. | ACCOUNTING POLICIES - continued |
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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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Government grants |
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss |
account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit |
and loss account as the related expenditure is incurred. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the |
lease. |
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Going concern |
The balance sheet at the end of period recorded net liabilities. However, the director believes that sufficient |
finance is available to the company to enable it to continue trading for the foreseeable future. Therefore the |
financial statements have been prepared on a going concern basis. |
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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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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
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At 30 June 2018 |
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DEPRECIATION |
Charge for period |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779) |
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Notes to the Financial Statements - continued |
for the Period 5 May 2017 to 30 June 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Amounts owed to related parties |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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Other Creditors (<1 Year) | 10,000 |
Other Creditors (>1 Year) | 11,581 |
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The loan is secured on a fixed and floating charge over all the assets of the business. |
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9. | OTHER FINANCIAL COMMITMENTS |
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The total financial commitments at the year end is £862,500 |
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10. | RELATED PARTY DISCLOSURES |
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Amounts owed to related parties totalling £700,108 has been written off as this is not deemed repayable. |