Abbreviated Company Accounts - ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED

ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED - Company Information

06871043 ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06871043 2014-04-01 2015-03-31 06871043 2015-03-31 06871043 2014-03-31 06871043 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06871043 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06871043

ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2015

ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED Registered Number 06871043

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,444	9,444
		9,444	9,444
Current assets
Debtors	3	11,213	-
Cash at bank and in hand		95,688	108,186
		106,901	108,186
Creditors: amounts falling due within one year		(66,127)	(30,127)
Net current assets (liabilities)		40,774	78,059
Total assets less current liabilities		50,218	87,503
Creditors: amounts falling due after more than one year		(362,205)	(362,205)
Total net assets (liabilities)		(311,987)	(274,702)
Capital and reserves
Called up share capital	4	68	68
Share premium account		244,546	244,546
Other reserves		11,213	0
Profit and loss account		(567,814)	(519,316)
Shareholders' funds		(311,987)	(274,702)

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 30 December 2015

And signed on their behalf by:
P J HASSALL, Director

ALL SEASONS CLUB OWNERS ASSOCIATES LIMITED Registered Number 06871043

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
The company has received no income that can be classed as turnover. The company is a non profit making organisation to which its members contribute funds in exchange for the receipt of mutually beneficial services.

Tangible assets depreciation policy
The companies assets are buildings and as such are valued periodically and such valuations appear in the balance sheet. These assets are therefore not depreciated.

Other accounting policies
The shareholders have not contributed funds to the company this year and the directors now face the challenge of funding future operating costs, asset maintenance and protection. The directors will be consulting the shareholders as the situation unfolds.

It has been agreed at the shareholders meeting on 12th March 2015 that the company should exercise the options agreed to purchase the commercial properties owned by Leisure Time Ventures Ltd and Luotto Services Ltd.

At the same meeting the directors were given the authority to negotiate with All Seasons Club Management Board who have occupied and controlled the swimming pool without permission from the Company.

The directors understand that three of the commercial properties are currently being occupied by Remo Travel EOOD represented by Renetta Katchashka (Yankov) without any payments being made by them for rent, maintenance fees and local municipality taxes to the detriment of the Company and its shareholders. This matter will be addressed by the Directors who are empowered to make decisions regarding the Company's assets in the interests of the Company and its shareholders.

2Tangible fixed assets

	£
Cost
At 1 April 2014	9,444
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	9,444
Depreciation
At 1 April 2014	0
Charge for the year	-
On disposals	-
At 31 March 2015	0
Net book values
At 31 March 2015	9,444
At 31 March 2014	9,444

The buildings are valued periodically and such valuations appear in the Balance
Sheet with a debit or credit to the Revaluation Reserve as appopriate. No depreciation is provided.

3Debtors

All debts have been outstanding for more than one year. Appropriate action is being considered.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
68 Ordinary shares of £1 each	68	68