Preston Conservative Club Limited - Limited company - abbreviated - 11.0.0

PRESTON CONSERVATIVE CLUB LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Knott

T M Jackson

SECRETARY:

REGISTERED OFFICE:

299 Torquay Road

Paignton

Devon

TQ3 2EY

REGISTERED NUMBER:

00226685 (England and Wales)

ACCOUNTANTS:

Check Book Ltd T/A "Barretts"

Chartered Accountants

22 Union Street

Newton Abbot

Devon

TQ12 2JS

FIXED ASSETS

Tangible assets

2

42,152

42,152

CURRENT ASSETS

Debtors

1,541

1,541

CREDITORS

Amounts falling due within one year

3,920

3,668

NET CURRENT LIABILITIES

(2,379

)

(2,127

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,773

40,025

CREDITORS

Amounts falling due after more than one year

39,263

39,263

NET ASSETS

510

762

CAPITAL AND RESERVES

Called up share capital

3

783

783

Other reserves

9

9

Profit and loss account

(282

)

(30

)

SHAREHOLDERS' FUNDS

510

762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2014 and were signed on its behalf by:

J Knott - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts received from Preston Conservative Club for running costs of the freehold

property,

Tangible fixed assets

As it is the company's policy to carry out a programme of continual maintenance on its property, this being paid

for by Preston Conservative Club, no provision has been made in these financial statements for depreciation of

the company's freehold buildings. The directors consider that this is the most appropriate basis for management

of the company's business as, in their opinion, the market value of these buildings at 31st December 2012 is in

excess of their original cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

42,152

NET BOOK VALUE

At 31 December 2013

42,152

At 31 December 2012

42,152

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

783

Ordinary

£1

783

783

4.	ULTIMATE PARENT COMPANY

Preston Conservative Club.