Rylands Recreation Club Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10294021 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Rylands Recreation Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

Global Football Solutions Limited

M J Pye

P Stretford

REGISTERED OFFICE:

Great Oak Farm Offices

Mag Lane

Lymm

Cheshire

WA13 0TF

REGISTERED NUMBER:

10294021 (England and Wales)

ACCOUNTANTS:

Raise

Chartered Accountants

10th Floor

3 Hardman Street

Spinningfields

Manchester

M3 3HF

FIXED ASSETS

Tangible assets

4

7,264

9,686

CURRENT ASSETS

Stocks

4,534

7,945

Debtors

5

3,910

2,916

Cash at bank and in hand

3,345

4,418

11,789

15,279

CREDITORS

Amounts falling due within one year

6

64,555

60,976

NET CURRENT LIABILITIES

(52,766

)

(45,697

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,502

)

(36,011

)

RESERVES

Other reserves

(37,051

)

(37,051

)

Income and expenditure account

(8,451

)

1,040

(45,502

)

(36,011

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and
of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply
with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 13 September 2019 and were signed on its behalf by:

C Clarke - Director

1.	STATUTORY INFORMATION

Rylands Recreation Club Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and

other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to

items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the

balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are

recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by

the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against

the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

14,067

DEPRECIATION

At 1 January 2018

4,381

Charge for year

2,422

At 31 December 2018

6,803

NET BOOK VALUE

At 31 December 2018

7,264

At 31 December 2017

9,686

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Other debtors

3,910

2,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

Bank loans and overdrafts

-

273

Trade creditors

45,699

36,489

Taxation and social security

8,360

12,794

Other creditors

10,496

11,420

64,555

60,976

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that

the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rylands

Recreation Club Limited for the year ended 31 December 2018 which comprise the Statement of Income and Retained Earnings, Balance Sheet

and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rylands Recreation Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rylands Recreation Club Limited and state those matters that we have agreed to state to the Board of Directors of Rylands Recreation Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rylands Recreation Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rylands Recreation Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Rylands Recreation Club Limited. You consider that Rylands Recreation Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rylands Recreation Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.