Abbreviated Company Accounts - REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') HOLY GHOST ZONE

Registered Number 05718453

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') HOLY GHOST ZONE

Abbreviated Accounts

31 December 2013

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') HOLY GHOST ZONE Registered Number 05718453

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	3	839,073	857,162
		839,073	857,162
Current assets
Debtors		510	-
Cash at bank and in hand		15,509	6,615
		16,019	6,615
Creditors: amounts falling due within one year		(6,046)	(6,496)
Net current assets (liabilities)		9,973	119
Total assets less current liabilities		849,046	857,281
Creditors: amounts falling due after more than one year		(688,247)	(720,720)
Total net assets (liabilities)		160,799	136,561
Reserves
Income and expenditure account		160,799	136,561
Members' funds		160,799	136,561

For the year ending 31 December 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 19 September 2014

And signed on their behalf by:
TOLU BALOGUN, Director

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') HOLY GHOST ZONE Registered Number 05718453

Notes to the Abbreviated Accounts for the period ended 31 December 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
Income is mainly from grants and bank interest received are included in the financial statements when received.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. The depreciation for Land & building has been reduced from 4% to 2% to show a more realistic value of the asset.

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

3Tangible fixed assets

	£
Cost
At 1 January 2013	1,156,792
Additions	13,319
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	1,170,111
Depreciation
At 1 January 2013	299,630
Charge for the year	31,408
On disposals	-
At 31 December 2013	331,038
Net book values
At 31 December 2013	839,073
At 31 December 2012	857,162