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2020-06-30
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No description of principal activities is disclosed
2019-07-01
Sage Accounts Production 20.0 - FRS102_2019
xbrli:pure
xbrli:shares
iso4217:GBP
08396323
2019-07-01
2020-06-30
08396323
2020-06-30
08396323
2019-06-30
08396323
bus:OrdinaryShareClass1
2019-07-01
2020-06-30
08396323
bus:LeadAgentIfApplicable
2019-07-01
2020-06-30
08396323
bus:Director1
2019-07-01
2020-06-30
08396323
core:WithinOneYear
2020-06-30
08396323
core:WithinOneYear
2019-06-30
08396323
core:ShareCapital
2020-06-30
08396323
core:ShareCapital
2019-06-30
08396323
core:SharePremium
2020-06-30
08396323
core:SharePremium
2019-06-30
08396323
core:RetainedEarningsAccumulatedLosses
2020-06-30
08396323
core:RetainedEarningsAccumulatedLosses
2019-06-30
08396323
bus:OrdinaryShareClass1
core:ShareCapital
2020-06-30
08396323
bus:OrdinaryShareClass1
core:ShareCapital
2019-06-30
08396323
bus:Director1
2019-06-30
08396323
bus:Director1
2020-06-30
08396323
bus:Director1
2018-06-30
08396323
bus:Director1
2019-06-30
08396323
bus:Director1
2018-07-01
2019-06-30
08396323
bus:SmallEntities
2019-07-01
2020-06-30
08396323
bus:Audited
2019-07-01
2020-06-30
08396323
bus:FullAccounts
2019-07-01
2020-06-30
08396323
bus:SmallCompaniesRegimeForAccounts
2019-07-01
2020-06-30
08396323
bus:PrivateLimitedCompanyLtd
2019-07-01
2020-06-30
08396323
1
2019-07-01
2020-06-30
Company registration number:
08396323
Charlton Athletic Womens Football Club Limited
Filleted financial statements
30 June 2020
Charlton Athletic Womens Football Club Limited
Contents
Director's responsibilities statement
Statement of financial position
Notes to the financial statements
Charlton Athletic Womens Football Club Limited
Director's responsibilities statement
Year ended 30 June 2020
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgments and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Charlton Athletic Womens Football Club Limited
Statement of financial position
30 June 2020
|
|
|
2020
|
|
|
|
2019
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
5
|
14,345
|
|
|
|
75
|
|
|
Cash at bank and in hand
|
|
|
2,050
|
|
|
|
8,146
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
16,395
|
|
|
|
8,221
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
6
|
(
47,454)
|
|
|
|
(
27,853)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
31,059)
|
|
|
|
(
19,632)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Total assets less current liabilities
|
|
|
|
|
(
31,059)
|
|
|
|
(
19,632)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net liabilities
|
|
|
|
|
(
31,059)
|
|
|
|
(
19,632)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
7
|
|
|
4,700
|
|
|
|
4,700
|
Share premium account
|
|
|
|
|
60,300
|
|
|
|
60,300
|
Profit and loss account
|
|
|
|
|
(
96,059)
|
|
|
|
(
84,632)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders deficit
|
|
|
|
|
(
31,059)
|
|
|
|
(
19,632)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 February 2021
, and are signed on behalf of the board by:
Mr Stephen King
Director
Company registration number:
08396323
Charlton Athletic Womens Football Club Limited
Notes to the financial statements
Year ended 30 June 2020
1.
General information
Charlton Athletic Womens Football Club Limited (Company number
08396323
) is a private company limited by shares, registered in England and Wales. The address of the registered office is Peace Haven, Leeds Road, Langley, Maidstone, Kent, ME17 3JG.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Statement in relation to COVID-19
The 2019-20 football season was suspended at the start of the pandemic and at the end of May 2020 the Football Association (FA) announced that the remainder of the season was to be cancelled. The suspension of matches deprived the Club of gate revenues and match sponsorship opportunities but contractual liabilities in relation to player and staff salaries remained in place. The Club therefore availed itself of the Government's Coronavirus Job Retention Scheme by placing all contracted players and most staff onto furlough, benefiting from the associated grant funding. This assisted in reducing the trading loss compared to 2019.Training sessions resumed for senior players in late Summer, and early September 2020 saw the commencement of the 2020-21 season. Our priority has been the health, safety and wellbeing of players, staff, and supporters. We have followed all Government and FA advice relating to ensuring a COVID-Secure environment.Women's football at our level is an elite sport and subject to meeting necessary protocols we are exempt from many "lockdown" restrictions. Our junior players and teams are however regarded as grassroots players and have not had the same level of freedom. Despite the reduced income associated with no gate income to date and lower sponsorships, the director has assessed the Company's cash position and potential income and has concluded that the company should be assessed as a going concern for a period of at least twelve months from the date of signing of the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. Hence gate receipts are recognised when the match occurs.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors, and loans from the director.
4.
Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 24 (2019: 24).
5.
Debtors
|
|
|
2020
|
2019
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
13,589
|
50
|
|
Other debtors
|
|
756
|
25
|
|
|
|
_______
|
_______
|
|
|
|
14,345
|
75
|
|
|
|
_______
|
_______
|
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2020
|
2019
|
|
|
|
£
|
£
|
|
Trade creditors
|
|
1,911
|
-
|
|
Social security and other taxes
|
|
1,400
|
1,820
|
|
Other creditors
|
|
44,143
|
26,033
|
|
|
|
_______
|
_______
|
|
|
|
47,454
|
27,853
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Included in Other creditors is an amount of £25,000 owed to the director, as outlined in Note 10.
7.
Called up share capital
Issued, called up and fully paid
|
|
|
2020
|
|
|
|
2019
|
|
|
|
|
|
No
|
|
£
|
|
No
|
|
£
|
|
Ordinary
shares of £
0.10 each
|
|
47,000
|
|
4,700
|
|
47,000
|
|
4,700
|
|
|
|
_______
|
|
_______
|
|
_______
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
8.
Events after the end of the reporting period
It has been announced that Mr Thomas Sandgaard, the sole director of Clear Ocean Capital Limited and the effective owner of the Charlton Athletic FC professional men's team will take over the ownership of the company, subject to the governing body regulatory procedures. Both companies in which the men's and women's teams operate will remain distinct legal entities but will be under common control. At the time of these financial statements being signed, the change in ownership has not been completed.
9.
Summary audit opinion
The auditor's report for the year dated
12 February 2021
was unqualified
.
The senior statutory auditor was
Michael Fanning
for and on behalf of
Henry Reeves & Co Limited
10.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the director
|
Amounts repaid
|
Amounts written off
|
Balance o/standing
|
|
|
|
£
|
£
|
£
|
£
|
£
|
|
|
Mr Stephen King
|
(
15,191)
|
(
35,000)
|
25,191
|
-
|
(
25,000)
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
2019
|
|
|
|
|
|
|
|
|
|
Balance brought forward
|
Advances /(credits) to the director
|
Amounts repaid
|
Amounts written off
|
Balance o/standing
|
|
|
|
£
|
£
|
£
|
£
|
£
|
|
|
Mr Stephen King
|
(
20,191)
|
(
32,500)
|
17,500
|
20,000
|
(
15,191)
|
|
|
|
_______
|
_______
|
_______
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
The loan balance shown above owed to the director consists of amounts required to assist with cashflow. This loan is interest free and repayable on demand.
11.
Controlling party
The director,
Stephen King
, is the controlling party by virtue of his holding of 95.74% of the issued ordinary share capital.
12.
Donations
During the year, the company received donations from Mr A Watts totalling £23,005 (2019 - £21,670). The donations received are included within turnover.