Abbreviated Company Accounts - BRIDGWATER LAWN TENNIS CLUB LIMITED

Abbreviated Company Accounts - BRIDGWATER LAWN TENNIS CLUB LIMITED

BRIDGWATER LAWN TENNIS CLUB LIMITED - Company Information

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Registered Number 08601200

BRIDGWATER LAWN TENNIS CLUB LIMITED

Abbreviated Accounts

31 March 2015

BRIDGWATER LAWN TENNIS CLUB LIMITED Registered Number 08601200

Abbreviated Balance Sheet as at 31 March 2015

Notes 31/03/2015 30/09/2013
£ £
Fixed assets
Tangible assets 3 212,825 -
212,825 -
Current assets
Stocks 168 -
Cash at bank and in hand 107,939 -
108,107 -
Creditors: amounts falling due within one year (1,685) 0
Net current assets (liabilities) 106,422 0
Total assets less current liabilities 319,247 0
Total net assets (liabilities) 319,247 0
Reserves
Income and expenditure account 319,247 0
Members' funds 319,247 0
  • For the year ending 31 March 2015 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 18 November 2015

And signed on their behalf by:
Mr A.P. May, Director

BRIDGWATER LAWN TENNIS CLUB LIMITED Registered Number 08601200

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 amounts received during the period from the running of the club.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Buildings - 3% straight line
Equipment - 20% reducing balance

Other accounting policies
Stocks

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

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.

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

3Tangible fixed assets
£
Cost
At 1 October 2013 -
Additions 221,000
Disposals -
Revaluations -
Transfers -
At 31 March 2015 221,000
Depreciation
At 1 October 2013 -
Charge for the year 8,175
On disposals -
At 31 March 2015 8,175
Net book values
At 31 March 2015 212,825
At 30 September 2013 -