Racecourse Promoters Association Ltd - Accounts to registrar (filleted) - small 18.2

Racecourse Promoters Association Ltd - Accounts to registrar (filleted) - small 18.2

RACECOURSE PROMOTERS ASSOCIATION LIMITED - Company Information

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REGISTERED NUMBER: 02265807 (England and Wales)












Financial Statements

for the Year Ended 31 October 2018

for

Racecourse Promoters Association Ltd
Racecourse Promoters Association Ltd (Registered number: 02265807)

Contents of the Financial Statements
for the Year Ended 31 October 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Racecourse Promoters Association Ltd

Company Information
for the Year Ended 31 October 2018







DIRECTORS: Ms R E Corden
Mr W A Glass
Mr S J Franklin
Mr J C McKenna





SECRETARY: Mr S W A Levingston





REGISTERED OFFICE: Fifth Floor 100 Victoria Street
Bristol
BS1 6HZ





REGISTERED NUMBER: 02265807 (England and Wales)





AUDITORS: R T Marke & Co Ltd
Statutory Auditors and Chartered Accountants
69 High Street
Bideford
Devon
EX39 2AT
Page 1
Racecourse Promoters Association Ltd (Registered number: 02265807)

Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 128 255

CURRENT ASSETS
Debtors 6 679 9
Cash at bank 105,152 97,991
105,831 98,000
CREDITORS
Amounts falling due within one year 7 6,126 5,474
NET CURRENT ASSETS 99,705 92,526
TOTAL ASSETS LESS CURRENT
LIABILITIES
99,833
92,781

RESERVES
Income and expenditure account 99,833 92,781
99,833 92,781

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2019 and were signed on its behalf
by:





Ms R E Corden - Director


The notes on pages 3 to 5 form part of these financial statements

Page 2
Racecourse Promoters Association Ltd (Registered number: 02265807)

Notes to the Financial Statements
for the Year Ended 31 October 2018


1. STATUTORY INFORMATION

Racecourse Promoters Association Ltd is a private company, limited by guarantee , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and
remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Income
Income was derived from the company's principal activity which was carried out wholly in the UK and represents
subscriptions from members for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating
as intended by management.

Financial instruments
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in
administrative expenses. Loans and borrowings are initially recognised at the transaction price including
transaction costs.

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.

Going concern
Having regard to the company's anticipated future revenues and costs including repayment of debt where
appropriate, together with the expected availability of working capital, the directors consider that it is
appropriate to prepare the financial statements on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3
Racecourse Promoters Association Ltd (Registered number: 02265807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2017
and 31 October 2018 3,814
DEPRECIATION
At 1 November 2017 3,559
Charge for year 127
At 31 October 2018 3,686
NET BOOK VALUE
At 31 October 2018 128
At 31 October 2017 255


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 9 9
Prepayments 670 -
679 9

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 125 19
Other creditors 998 537
Accrued expenses 5,003 4,918
6,126 5,474

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Sims BSc FCA (Senior Statutory Auditor)
for and on behalf of R T Marke & Co Ltd

Page 4
Racecourse Promoters Association Ltd (Registered number: 02265807)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018


9. MEMBERSHIP

The company is limited by guarantee and does not have any share capital.

In the event of the company being wound up the members of the company are liable to contribute to any
deficiency there may be provided that such contributions shall not exceed £5 per member.

Past members retain their liability for one year after their membership has lapsed.

Total number of members at 31 October 2018 was 20 (2017 - 23).

Page 5