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FILTON GOLF CLUB (1979) LIMITED
REGISTERED NUMBER: 1377030
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2014
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CREDITORS: amounts falling due within one year
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For the year ended 31 December 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
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 Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit for the financial year, in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which 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, were approved and authorised for issue by the board and were signed on its behalf on 22 April 2015.
The notes on pages 2 to 4 form part of these financial statements.
Page 1
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FILTON GOLF CLUB (1979) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost less depreciation. Depreciation is not charged on freehold land. Depreciation on other tangible fixed assets is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following bases:
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Financial Instruments are treated in accordance with the underlying terms of the instrument. Where the characteristics are such that the instrument in question is more akin to debt it is shown as a liability of the company. Where the nature of the instrument is such that the likelihood of repayment is remote or the directors consider the amounts in question to be fixed capital it is shown as a non-equity element of reserves.
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In order to match the liability with the corresponding asset, the prior year bank overdraft figure is now included withing creditors due within one year and amounts owed by related undertakings.
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Page 2
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FILTON GOLF CLUB (1979) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
2.OTHER OPERATING INCOME
3.TANGIBLE FIXED ASSETS
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At 1 January 2014 and 31 December 2014
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Included in land and buildings is freehold land at cost of £715,304 (2013 £718,625) which is not depreciated.
4.DEBTORS
Debtors include £117,151 (2013 - £85,242) falling due after more than one year.
5.CREDITORS:
Amounts falling due within one year
The bank overdraft is secured by a charge over the assets of the company.
6.SHARE CAPITAL
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Allotted, called up and fully paid
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5 Ordinary shares of £1 each
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Page 3
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FILTON GOLF CLUB (1979) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
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The 1st issue is non interest bearing and redeemable on death, dissolution or at the discretion of the Club. The 3rd issue is non interest bearing and redeemable only on the dissolution of the Club.
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Page 4
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