Abbreviated Company Accounts - MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED - Company Information

Registered Number 02561805

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED

Abbreviated Accounts

30 November 2013

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED Registered Number 02561805

Abbreviated Balance Sheet as at 30 November 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	3	3,362	6,419
		3,362	6,419
Current assets
Debtors		1,970	-
Investments		10,970	7,183
		12,940	7,183
Creditors: amounts falling due within one year		(10,194)	(2,784)
Net current assets (liabilities)		2,746	4,399
Total assets less current liabilities		6,108	10,818
Total net assets (liabilities)		6,108	10,818
Reserves
Income and expenditure account		6,108	10,818
Members' funds		6,108	10,818

For the year ending 30 November 2013 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 August 2014

And signed on their behalf by:
A F Fletcher, Director

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED Registered Number 02561805

Notes to the Abbreviated Accounts for the period ended 30 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
this represents income from sponsorships and championship entry fees.

Tangible assets depreciation policy
Depreciation is calculated to write off assets over their estimated useful lives at the following rates
Fixtures 20% straight line
Motor vehicles 20%straight line.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 December 2012	61,123
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2013	61,123
Depreciation
At 1 December 2012	54,704
Charge for the year	3,057
On disposals	-
At 30 November 2013	57,761
Net book values
At 30 November 2013	3,362
At 30 November 2012	6,419