Registered Charity Number 1128980
Registered Company Number 06817457
## Stubs Limited
Report and Accounts
For The Period Ended Wednesday, 30 April 2025
## **Stubs Limited**
## **The report of the trustees for the year ended 30 April 2025**
## **Introduction**
The trustees present their annual report and accounts for the period ended 30th April 2025 The board of trustees are satisfied with the performance of the charity during the period and the position at 30th April 2023 and consider that the charity is in a good position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
## **Name, registered office and constitution of the charity**
The full name of the charity is Stubs Limited. The charity is also know by the name Stubs.
|The legal registration details are :-||
|---|---|
|_Date of incorporation_|2009/02/12|
|_Company Registration Number_|06817457|
|_The Registered Office is_|Langley House, Tudor Road, High Wycombe, Bucks. HP15 7PA|
|_Charity Registration Number_|1128980|
|_The telephone number is_|01494 811500|
## **Objectives and Activities of the Charity**
## _**A summary of the objects of the charity as set out in its governing document.**_
To assist members or former member of the armed forces who are in need by value of sickness, disability or financial hardship by the provision of event tickets or hospitality facilities at events, with a view to facilitating their rehabilitation and well being.
## _**Public benefit that is provided by the charity**_
The charity believes that there is a significant public benefit in helping members and former members of the armed services re-integrate back into general society in a gradual way through attending events (particularly those of a sporting nature).
## **Structure, Governance and Management**
## _**Nature of the Governing Document and constitution of the charity**_
The memorandum and articles of association of the company act as the governing document and its constitution.
## _**The methods adopted for the recruitment and appointment of new trustees**_
New trustees are recruited by the existing trustees after interviewing them and considering their past achievements and their potential future contributions to the charity and its wider objectives.
## **Financial Review**
## _**Policies on reserves**_
The trustees have decided on an initial policy on reserves that should target the build-up of reserves to cover a year's office running costs. As these are the early stages of the charity, the time-frame to achieve this target has not been finalised.
Page 1
## **Stubs Limited**
## **The report of the trustees for the year ended 30 April 2025**
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## _**Transactions and Financial position**_
The financial statements are set out on pages 6 to 15. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) .As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.
The Statement of Financial Activities show net outgoing resources for the period of a revenue nature of 12,885 and net realised outgoing resources of a capital nature of £ nil, making net overall realised outgoing resources of £12,885
The total reserves at the year end after accounting for unrealised losses of £ nil, stand at £69,530.
Free unrestricted liquid reserves amounted to £ 56,645.
## _**Specific changes in fixed assets**_
There have been no movements in fixed assets.
## _**Share Capital**_
The company is limited by guarantee and therefore has no share capital
**The name of the Chief Executive Officer and other senior staff member(s) to whom day to day management of the charity is delegated by the charity trustees.**
C Vassie
Page 2
## **Stubs Limited**
## **The report of the trustees for the year ended 30 April 2025**
## **The members of the Board of Trustees of the Charity during the period ended 30th April 2025 were :-**
C Vassie F Liddle
All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Acts.
## **The members of the Board of Trustees of the Charity at the date the report and accounts were approved were:-**
C Vassie F Liddle R Baines Solicitors Allan Janes LLP 21 - 23 Easton Street High Wycombe Buckinghamshire HP11 1NT
## **Statement of Directors' and Trustees' Responsibilities**
The Charities Acts and the Companies Acts require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
- state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material
- departures disclosed and explained in the financial statements;
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are also responsible for the contents of the trustees' report.
## **Method of preparation of accounts**
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
C Vassie Director and Trustee
Page 3
## **Stubs Limited Independent Accountant's Report**
## **Report of the Independent Accountant to the trustees on the accounts of the Charity for the year ended 30 April 2025**
We report on the financial statements of the charity on5 pages 6 to 15 which have been prepared in accordance in accordance with the Financial Reporting 6Standard for Smaller Entities (the FRSSE) , effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 revised in June 2008, under the historical cost convention and the accounting policies set out on page 10.
## **Respective responsibilities of directors and accountant**
As described on page 3, the charity's trustees are responsible for the preparation of the accounts. The trustees consider that the audit requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the charity is exempt from an audit under Section 477 of the Companies Act 2006.The trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us.
## **No statement of opinion**
We have not carried out any audit procedures and have relied upon information supplied to us by the trustees , and the information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
Morgan Keen Limited 70B High Street Bassingbourn Royston Herts. SG8 5LF
The date upon which this report was completed is :- 14th January 2026
Page 4
## **Stubs Limited**
## **Statement of Financial Activities for the year ended 30 April 2025**
|**Notes**
**Incoming resources**
**Incoming resources from generated funds**
Voluntary Income
**Total incoming resources**
**Costs of charitable activities**
**Governance costs**
**Total resources expended**
**Net incoming resources**
**before transfers between funds**
**Gross transfers between funds**
**Net incoming resources before**
**Other recognised gains and losses**
**Other recognised gains and losses**
**Net movement in funds**
**Reconciliation of funds**
**_Total funds brought forward_**
**Total Funds carried forward**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2,025**
**2,025**
**2,025**
**2,024**
**£**
**£**
**£**
**£**
29,700
-
29,700
29,900
**29,700**
**-**
**29,700**
**29,900**
39,655
-
39,655
34,597
2,930
-
2,930
286
42,585
-
42,585
34,983
(12,885)
-
(12,885)
(5,083)
-
-
-
-
(12,885)
-
(12,885)
(5,083)
(12,885)
-
(12,885)
(5,083)
69,530
-
69,530
74,613
**56,645**
**-**
**56,645**
**69,530**|
|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 9 as required by the said statement.
**All activities derive from continuing operations**
**The notes on pages 11 to 13 form an integral part of these accounts.**
Page 5
## **Stubs Limited Statement of Financial Activities for the year ended 30 April 2025 Income and Expenditure Account as required by the Companies Act for the year ended 30 April 2025**
|**2,025**
**£**
**Turnover**
29,900
Direct costs of turnover
42,278
**Gross surplus**
(12,378)
Governance costs
307
**Operating surplus**
(12,685)
**Surplus opn ordinary activities before tax**
(12,685)
**Surplus for the financial year**
(12,685)
Gift Aid Payments
-
**Retained surplus for the financial year**
(12,685)
**All activities derive from continuing operations**
**The notes on pages 11 to 13 form an integral part of these accounts.**|**2,024**
**£**
29,900
34,697
(4,797)
286
(5,083)
(5,083)
(5,083)
-
(5,083)|
|---|---|
Page 6
## **Stubs Limited Statement of Financial Activities for the year ended 30 April 2025**
|**Statement of Total Recognised Gains and Losses**||||
|---|---|---|---|
|**for the year ended 30 April 2025**||||
|||**2,025**|**2,024**|
|Excess of Income over Expenditure before realisation of assets||(12,685)|(5,083)|
|Profit per Profit and Loss account
Grants for the acquisition of fixed assets||(12,685)
-|(5,083)
-|
|**Net Movement in funds before taxation**||(12,685)|(5,083)|
|**Movements in revenue and capital funds**
**for the year ended 30 April 2025**
**Revenue accumulated funds**
Accumulated funds brought forward
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2,025**
**£**
69,530
(12,885)|**Restricted**
**Funds**
**2,025**
**£**
-
-|**Total**
**Funds**
**2024**
**£**
69,530
(12,885)|
||56,645|-|56,645|
|**Closing revenue accumulated funds**|56,645|-|56,645|
**The notes on pages 11 to 13 form an integral part of these accounts.**
Page 7
## **Stubs Limited**
|**Statement of Total Recognised Gains and Losses**
**for the year ended 30 April 2025**
Excess of Income over Expenditure before realisation of assets
Profit per Profit and Loss account
Grants for the acquisition of fixed assets
6
**Net Movement in funds before taxation**|**2,025**
**2,024**
(12,885)
(4,983)
(12,885)
(4,983)
-
-
(12,885)
(5,083)|
|---|---|
|**Movements in revenue and capital funds**
**for the year ended 30 April 2025**
**Revenue accumulated funds**
Accumulated funds brought forward
Recognised gains and losses before transfers
**Closing revenue accumulated funds**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2,025**
**2,025**
**2024**
**£**
**£**
**£**
69,530
-
74,513
(12,885)
-
(4,983)
56,645
-
69,530
69,530
-
69,530|
|---|---|
**The notes on pages 11 to 13 form an integral part of these accounts.**
Page 8
## **Stubs Limited Company Number:** 06817457 **Balance Sheet as at 30 April 2025**
|**Notes**
**2,025**
**£**
**_The assets and liabilities of the charity :_**
**Fixed assets**
Tangible assets
500
**_Total fixed assets_**
500
**Current assets**
Cash at bank and in hand
99,368
**Creditors:-**
amounts due within one year
6
(43,223)
**_Net current assets_**
56,145
**_Total assets less current liabilities_**
56,645
**Creditors:-**
amounts due after more than one year
-
**Net assets including pension asset / liability**
56,645
**_The funds of the charity :_**
**Unrestricted income funds**
Unrestricted revenue accumulated funds
56,645
Designated revenue funds
**Unrestricted capital funds**
Designated fixed asset funds
-
**Total unrestricted funds**
56,645
**Total restricted funds**
-
**Total charity funds**
56,645|**2,024**
**£**
500
500
81,149
(12,119)
69,030
69,530
-
69,530
69,530
-
-
69,530
-
69,530|
|---|---|
The directors are satisfied that for the year in question the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008).
## C Vassie
Trustee
Approved by the board of trustees on 24 January 2026
The notes on pages 11 to 13 form an integral part of these accounts.
Page 9
**Stubs Limited Notes to the Accounts for the year ended 30 April 2025**
## **1 Accounting policies**
## _**Basis of preparation of the accounts**_
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), effective April 2008, and all other applicable accounting standards, as modified by the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008). The accounts have been drawn up in accordance with the provisions of the Charities (Accounts and Reports) Regulations 2008 and the Companies Acts, and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Insofar as the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, (revised June 2008) requires compliance with specific Financial Reporting Standards other than the FRSSE then the specific Financial Reporting Standards have been followed where their requirements differ from those of the FRSSE.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP.
The charity has taken advantage of the exemption in the FRSSE from the requirement to produce a cash flow statement.
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
## _**Accounting convention**_
The financial statements are prepared, on a going concern basis, under the historical cost convention .
## _**Incoming Resources**_
Incoming resources are accounted for on a receivable basis.
## _**Fixed assets and depreciation**_
All tangible fixed assets, except freehold land and buildings, are stated at cost less depreciation. Freehold land and buildings are stated at a valuation arrived at by a professionally qualified firm of valuers, who valued the assets on the basis of open market value in current use.
Items of less than £100 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.
Plant and machinery 25% straight line
Page 10
**Stubs Limited Notes to the Accounts for the year ended 30 April 2025**
## _**Taxation**_
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities.
## _**Funds structure policy**_
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully the monitor the application of those funds in accordance with the restrictions placed upon them.
A fixed asset fund is maintained which represents the written down value of tangible fixed assets, and is divided into a restricted fixed asset fund representing the written down value of those assets subject to restrictions, with the balance being in a designated fund representing the written down value of those assets free of restrictions. The detailed operation of these funds is described under the accounting policy ' Capital grants'
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.
Any other proposed transfer between funds would be considered on the particular circumstances.
## **2 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
Funds belonging to the charity have not been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees, employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part. The sum expended on such insurance was as indicated in the above schedule.
## **3 Statement that no expenses were paid to trustees or connected persons**
No expenses were paid to trustees or persons connected with them.
Page 11
**Stubs Limited Notes to the Accounts for the year ended 30 April 2025**
- **4 Detailed analysis of certain transactions required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective April 2005)**
Various items which are required by the 2005 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (revised June 2008) to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities and its appendices , which should be read together with these notes.
## **5 Trustees' Remuneration**
Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year **.**
|**6**
**Creditors: amounts falling due within one year**
Creditors
Accrued expenses
**7**
**Analysis of the Net Movement in Funds**
Net movement in funds from Statement of Financial Activities|**2,025**
**£**
43,223
-
43,223
**2,025**
**£**
(12,885)|**2,024**
**£**
12,119
-
12,119
**2,024**
**£**
(5,083)|
|---|---|---|
|**8**
**Particulars of Individual Funds and analysis of assets and liabilities**
**At 30 April 2025**
**Unrestricted**
**Designated**
**funds**
**funds**
**£**
**£**
Tangible Fixed Assets
500
-
Current Assets
99,368
-
Current Liabilities
(43,223)
-
56,645
-|**representing funds**
**Restricted**
**Total**
**funds**
**Funds**
**£**
**£**
-
500
-
99,368
-
-43,223
-
56,645|
|---|---|
## **9 Endowment Funds**
The charity had no endowment funds in the period.
## **10 Share Capital**
The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.
There are 2 members of the company .
Page 12