Contents of the Financial Statements

for the Period Ended 31 October 2018

Company Information

for the Period Ended 31 October 2018

Directors' Report Period Ended 31 October 2018

The directors present their report with the financial statements of the company for the period ended 31 October 2018

Directors

The directors shown below have held office during the whole of the period from 01 November 2017 to 31 October 2018
R W Locke
T C M Baldwin
J C Butcher
S Sidholm

Income and Expenditure Account

for the Period Ended 31 October 2018

The notes form part of these financial statements

Balance sheet

As at 31 October 2018

The notes form part of these financial statements

Balance sheet continued

As at 31 October 2018

For the year ending 31 October 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 October 2018

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents amount receivable for the hire of room space for hire at Clyde Hall

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each asset
  over its estimated useful life in line with HMRC Allowance rates:
  Annual write down allowance - 18 % on straight line basis
  First Year Allowance - 50 % on straight line basis
  Fixtures, Fittings & Furniture
  Investment properties are included in the balance sheet at their open market value. Depreciation is
  provided only on those investment properties which are leasehold and where the unexpired lease term is
  less than 20 years.
  Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities
  (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all
  tangible assets to be depreciated. In the opinion of the directors compliance with the standard is
  necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one
  of many factors reflected in the annual valuation and the amount of this which might otherwise have been
  charged cannot be separately identified or quantified.

  Other accounting policies

  (b) Compliance with Accounting Standards The financial statements are prepared in accordance with applicable United Kingdom accounting standards (United Kingdom Generally Accepted Accounting Practise), which have been applied consistently (excepted as otherwise stated.

Notes to the Financial Statements

for the Period Ended 31 October 2018

2. Tangible Assets

Notes to the Financial Statements

for the Period Ended 31 October 2018

3. Revaluation reserve