MBDA UK S & S Club (Stev) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04216415 (England and Wales)

MBDA UK SPORTS AND SOCIAL

CLUB (STEVENAGE) LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2019

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C Doe

K A Streeter

R A West

SECRETARY:

E Peretta

REGISTERED OFFICE:

Six Hills Way

Stevenage

Hertfordshire

SG1 2DA

REGISTERED NUMBER:

04216415 (England and Wales)

AUDITORS:

Wags LLP t/a Wagstaffs

Chartered Accountants and Statutory Auditors

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

FIXED ASSETS

Property, plant and equipment

5

150

350

CURRENT ASSETS

Debtors

6

42,516

38,586

Cash at bank and in hand

145,523

153,122

188,039

191,708

CREDITORS

Amounts falling due within one year

7

(30,828

)

(30,859

)

NET CURRENT ASSETS

157,211

160,849

TOTAL ASSETS LESS CURRENT LIABILITIES

157,361

161,199

RESERVES

Income and expenditure account

157,361

161,199

157,361

161,199

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18th May 2020 and were signed on its behalf by:

R A West - Director

1.	STATUTORY INFORMATION

MBDA UK Sports and Social Club (Stevenage) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial

statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes

of sales made during the year.

Revenue Recognition

Revenue is recognised when goods have been delivered to customers such that risks and rewards of

ownership have transferred to them.

Property, plant and equipment

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

Plant and machinery etc

-

50% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in

profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with

changes recognised in profit or loss.

Tax

Tax 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 tax 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st January 2019

and 31st December 2019

6,856

DEPRECIATION

At 1st January 2019

6,506

Charge for year

200

At 31st December 2019

6,706

NET BOOK VALUE

At 31st December 2019

150

At 31st December 2018

350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

42,516

38,586

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

-

83

Other creditors

30,828

30,776

30,828

30,859

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

The Report of the Auditors was unqualified.

Mark Hubbocks (Senior Statutory Auditor)

for and on behalf of Wags LLP t/a Wagstaffs

9.	COMPANY LIMITED BY GUARANTEE

The company is a company limited by guarantee and the maximum liability of each member is limited to

£1.