Page 18 - Crewe Alexandra Football Club Company Ltd Accounts 2023-24

THE CREWE ALEXANDRA FOOTBALL CLUB COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Operating lease commitments
Lessee
Operating lease payments represent rentals payable by the company for certain of its properties. Leases are typically negotiated for a term of 3-5 years.
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
Within one year
Between two and five years In over five years
13 Related party transactions
38,141 35,676 -
73,817
81,092 29,866 -
110,958
2024 2023 ££
During the period the company had arms length/commercial dealings with various group undertakings. The company has taken advantage of the exemption available in Section 33.1A of FRS 102 whereby it has not disclosed transactions within the group involving wholly owned subsidiaries.
14 Parent company
The company is a wholly owned subsidiary of Crewe Alexandra Group Limited. Crewe Alexandra Group Limited is the ultimate parent company and its board of directors the ultimate controlling party.
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