Blackheath Cricket Football And Lawn Tennis Company,limited(the) - Period Ending 2018-09-30
Blackheath Cricket Football And Lawn Tennis Company,limited(the) - Period Ending 2018-09-30
Registration number:
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
for the Year Ended 30 September 2018
KRW Accountants Ltd
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Company Information
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Directors |
L Baker Dr F H Berkshire K R Clark E A Curry D V Gaines K J Hands N R Harris R M Leharne I S Macleod R M O'Sullivan P T Roberts J P Taylor Dr A B R Thompson M Allen |
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Company secretary |
L Baker |
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Registered office |
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Auditors |
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Page 1 |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
(Registration number: 00021418)
Balance Sheet as at 30 September 2018
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2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Revaluation reserve |
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Profit and loss account |
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Total equity |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
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Director
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Page 2 |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Notes to the Financial Statements for the Year Ended 30 September 2018
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General information |
The company registration number is 00021418
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Land & buildings |
None charged |
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Improvements to property |
None charged |
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Page 3 |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Notes to the Financial Statements for the Year Ended 30 September 2018
No depreciation is provided in respect of Freehold property. This represents a departure from the Companies Act 2006 requirments concerning the depreciation of fixed assets. The directors consider depreciation is immaterial in view of the life of the assets and that the adoption of this policy is necessary to give a true and fair view.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Page 4 |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Notes to the Financial Statements for the Year Ended 30 September 2018
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Tangible assets |
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Total |
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Cost or valuation |
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At 1 October 2017 |
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At 30 September 2018 |
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Depreciation |
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At 1 October 2017 |
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At 30 September 2018 |
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Carrying amount |
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At 30 September 2018 |
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At 30 September 2017 |
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Included in cost of land and buildings is freehold land of £268,533 (2017: £268,533) which is not depreciated. In the opinion of the directors the value of the freehold land and buildings is at least equal to the value stated.
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Debtors |
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2018 |
2017 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Other creditors |
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Page 5 |
Blackheath Cricket Football And Lawn Tennis Company,limited(the)
Notes to the Financial Statements for the Year Ended 30 September 2018
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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6,978 |
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6,978 |
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Related party transactions |
Summary of transactions with other related parties
At the end of the year the company owed £1,076 (2017: £3,642 debtor) to Blackheath Sports Club Limited, a company whose directors are the same.
The company was also owed £9,808 (2017: £9,808) from The Pavilion Club.
The company has granted a lease to Blackheath Sports Club Limited to use the property. The two parties have agreed that no rent is payable on this property and that the audit and accountancy fees for the company of £1,800 (2017: £1,800) will be borne by Blackheath Sports Club Limited.
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Page 6 |