Abbreviated Company Accounts - RYDE GOLF CLUB LIMITED

RYDE GOLF CLUB LIMITED - Company Information

Registered Number 01453099

RYDE GOLF CLUB LIMITED

Abbreviated Accounts

31 December 2014

RYDE GOLF CLUB LIMITED Registered Number 01453099

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	199,828	212,603
		199,828	212,603
Current assets
Stocks		558	-
Debtors		3,503	5,401
Cash at bank and in hand		3,444	7,416
		7,505	12,817
Creditors: amounts falling due within one year		(24,648)	(30,123)
Net current assets (liabilities)		(17,143)	(17,306)
Total assets less current liabilities		182,685	195,297
Creditors: amounts falling due after more than one year		(35,000)	(49,000)
Total net assets (liabilities)		147,685	146,297
Reserves
Income and expenditure account		147,685	146,297
Members' funds		147,685	146,297

For the year ending 31 December 2014 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 29 September 2015

And signed on their behalf by:
Mr H Downer, Director

RYDE GOLF CLUB LIMITED Registered Number 01453099

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has ben provided at the following rates in order to write off the assets over their expected useful lives.

Buildings 2% on cost
Plant & Machinery 15% reducing balance basis
Computer Equipment 25% on cost
Fixt Fitts & Equip 15% reducing balance basis

Other accounting policies
Five year membership scheme

Fees are recognised as revenue over the period to which the Club has an obligation to provide.

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

3Tangible fixed assets

	£
Cost
At 1 January 2014	547,132
Additions	1,204
Disposals	(1,140)
Revaluations	-
Transfers	-
At 31 December 2014	547,196
Depreciation
At 1 January 2014	334,529
Charge for the year	12,839
On disposals	-
At 31 December 2014	347,368
Net book values
At 31 December 2014	199,828
At 31 December 2013	212,603