IRIS Accounts Production v19.2.0.596 10755779 Board of Directors 1.7.18 30.6.19 30.6.19 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 10755779 2018-06-30 10755779 2019-06-30 10755779 2018-07-01 2019-06-30 10755779 2017-05-04 10755779 2017-05-05 2018-06-30 10755779 2018-06-30 10755779 ns15:EnglandWales 2018-07-01 2019-06-30 10755779 ns14:PoundSterling 2018-07-01 2019-06-30 10755779 ns10:Director1 2018-07-01 2019-06-30 10755779 ns10:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30 10755779 ns10:SmallEntities 2018-07-01 2019-06-30 10755779 ns10:AuditExempt-NoAccountantsReport 2018-07-01 2019-06-30 10755779 ns10:SmallCompaniesRegimeForDirectorsReport 2018-07-01 2019-06-30 10755779 ns10:SmallCompaniesRegimeForAccounts 2018-07-01 2019-06-30 10755779 ns10:FullAccounts 2018-07-01 2019-06-30 10755779 ns5:CurrentFinancialInstruments 2019-06-30 10755779 ns5:CurrentFinancialInstruments 2018-06-30 10755779 ns5:Non-currentFinancialInstruments 2019-06-30 10755779 ns5:Non-currentFinancialInstruments 2018-06-30 10755779 ns5:ShareCapital 2019-06-30 10755779 ns5:ShareCapital 2018-06-30 10755779 ns5:SharePremium 2019-06-30 10755779 ns5:SharePremium 2018-06-30 10755779 ns5:RetainedEarningsAccumulatedLosses 2019-06-30 10755779 ns5:RetainedEarningsAccumulatedLosses 2018-06-30 10755779 ns5:LandBuildings ns5:ShortLeaseholdAssets 2018-07-01 2019-06-30 10755779 ns5:LeaseholdImprovements 2018-07-01 2019-06-30 10755779 ns5:PlantMachinery 2018-07-01 2019-06-30 10755779 ns5:FurnitureFittings 2018-07-01 2019-06-30 10755779 ns5:LandBuildings 2018-06-30 10755779 ns5:PlantMachinery 2018-06-30 10755779 ns5:LandBuildings 2018-07-01 2019-06-30 10755779 ns5:LandBuildings 2019-06-30 10755779 ns5:PlantMachinery 2019-06-30 10755779 ns5:LandBuildings 2018-06-30 10755779 ns5:PlantMachinery 2018-06-30 10755779 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2019-06-30 10755779 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-06-30 10755779 ns5:Secured 2019-06-30 10755779 ns5:Secured 2018-06-30


REGISTERED NUMBER: 10755779 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2019

for

Dagenham and Redbridge FC 2017 Limited

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Balance Sheet
30 June 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,337,539 1,398,317

CURRENT ASSETS
Stocks 19,059 35,313
Debtors 5 1,142,112 23,507
Cash at bank and in hand 203,826 49,937
1,364,997 108,757
CREDITORS
Amounts falling due within one year 6 316,192 346,995
NET CURRENT ASSETS/(LIABILITIES) 1,048,805 (238,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,386,344

1,160,079

CREDITORS
Amounts falling due after more than one
year

7

(114,856

)

(132,452

)

PROVISIONS FOR LIABILITIES (8,587 ) (11,835 )

ACCRUALS AND DEFERRED INCOME (698,785 ) (765,408 )
NET ASSETS 1,564,116 250,384

CAPITAL AND RESERVES
Called up share capital 23,581 9,170
Share premium 2,678,877 1,193,214
Retained earnings (1,138,342 ) (952,000 )
1,564,116 250,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

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)

Balance Sheet - continued
30 June 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors on 16 October 2019 and were signed on its behalf by:





S R Thompson - Director


Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. STATUTORY INFORMATION

Dagenham and Redbridge FC 2017 Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address are as below:

Registered number: 10755779

Registered office: Victoria Road Ground
Victoria Road
Dagenham
Essex
RM10 7XL

2. ACCOUNTING POLICIES

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 5% on reducing balance and Straight line over 25 years
Improvements to property - Straight line over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year 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.

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.

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

2. ACCOUNTING POLICIES - continued

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.

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.

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.

Going concern
The balance sheet at the end of period recorded net current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 126 (2018 - 138 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2018 1,339,973 157,618 1,497,591
Additions 21,261 23,260 44,521
At 30 June 2019 1,361,234 180,878 1,542,112
DEPRECIATION
At 1 July 2018 82,715 16,559 99,274
Charge for year 84,975 20,324 105,299
At 30 June 2019 167,690 36,883 204,573
NET BOOK VALUE
At 30 June 2019 1,193,544 143,995 1,337,539
At 30 June 2018 1,257,258 141,059 1,398,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 42,530 16,306
Other debtors 1,099,582 7,201
1,142,112 23,507

Dagenham and Redbridge FC 2017 Limited (Registered number: 10755779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 87,971 49,280
Amounts owed to related parties 1,113 2,324
Taxation and social security 41,435 80,914
Other creditors 185,673 214,477
316,192 346,995

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Other creditors 114,856 132,452

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Other Creditors (<1 Year) 10,000 10,000
Other Creditors (>1 Year) 4,525 11,581
14,525 21,581

The loan is secured on a fixed and floating charge over all the assets of the business.

9. OTHER FINANCIAL COMMITMENTS

The total financial commitments at the year end is £832,500 (2018: £862,500)