Abbreviated Company Accounts - MAIDENHEAD ROWING CLUB LIMITED

Abbreviated Company Accounts - MAIDENHEAD ROWING CLUB LIMITED

MAIDENHEAD ROWING CLUB LIMITED - Company Information

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Registered Number 03375650

MAIDENHEAD ROWING CLUB LIMITED

Abbreviated Accounts

31 May 2015

MAIDENHEAD ROWING CLUB LIMITED Registered Number 03375650

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets - -
Tangible assets 3 131,390 122,319
Investments - -
131,390 122,319
Current assets
Stocks 1,394 1,394
Debtors 20,242 6,139
Investments - -
Cash at bank and in hand 31,176 40,307
52,812 47,840
Prepayments and accrued income - -
Creditors: amounts falling due within one year (22,577) (18,582)
Net current assets (liabilities) 30,235 29,258
Total assets less current liabilities 161,625 151,577
Creditors: amounts falling due after more than one year (156,265) (136,575)
Provisions for liabilities 0 0
Accruals and deferred income (4,510) (11,811)
Total net assets (liabilities) 850 3,191
Reserves
Revaluation reserve 0 0
Other reserves 0 0
Income and expenditure account 850 3,191
Members' funds 850 3,191
  • For the year ending 31 May 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 6 December 2015

And signed on their behalf by:
B J Brooks, Director
L Lion, Director

MAIDENHEAD ROWING CLUB LIMITED Registered Number 03375650

Notes to the Abbreviated Accounts for the period ended 31 May 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 net invoiced sale of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Leasehold land and buildings 0.8% on cost
Boats and equipment 20% on cost
Fixtures and fittings 25% 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.

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

3Tangible fixed assets
£
Cost
At 1 June 2014 484,252
Additions 49,610
Disposals (12,961)
Revaluations -
Transfers -
At 31 May 2015 520,901
Depreciation
At 1 June 2014 361,933
Charge for the year 34,489
On disposals (6,911)
At 31 May 2015 389,511
Net book values
At 31 May 2015 131,390
At 31 May 2014 122,319