Page 19 - CAFC Ltd 2022-23

THE CREWE ALEXANDRA FOOTBALL CLUB COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
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
81,092 29,866 -
110,958
153,693 77,394 -
231,087
2023 2022 ££
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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