Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Swindon Town Football Company Limited
Contents
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Swindon Town Football Company Limited
(Registration number: 00053100)
Abbreviated Balance Sheet at 31 May 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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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 |
( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
.........................................
Mr L M Power
Director
1
Swindon Town Football Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Player and football staff acquisition costs |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Property improvements |
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Stock
Swindon Town Football Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Deferred tax
Foreign currency
Hire purchase and leasing
Financial instruments
Pensions
Swindon Town Football Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 June 2014 |
250,000 |
3,616,978 |
3,866,978 |
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Additions |
- |
6,500 |
6,500 |
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Disposals |
(50,000) |
- |
(50,000) |
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At 31 May 2015 |
200,000 |
3,623,478 |
3,823,478 |
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Depreciation |
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At 1 June 2014 |
83,032 |
3,611,546 |
3,694,578 |
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Charge for the year |
63,333 |
2,442 |
65,775 |
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Eliminated on disposals |
(50,000) |
- |
(50,000) |
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At 31 May 2015 |
96,365 |
3,613,988 |
3,710,353 |
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Net book value |
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At 31 May 2015 |
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At 31 May 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due after more than one year |
2,000,000 |
2,000,000 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years not by instalments |
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Swindon Town Football Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by