Clarion Golf Management & Marketing Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01135487 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

CLARION GOLF MANAGEMENT & MARKETING

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

S C Russell

SECRETARY:

Mrs L Russell

REGISTERED OFFICE:

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

REGISTERED NUMBER:

01135487 (England and Wales)

ACCOUNTANTS:

THP Limited

Chartered Accountants

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

FIXED ASSETS

Tangible assets

2

9,954

6,309

CURRENT ASSETS

Debtors

32,071

47,064

Cash at bank and in hand

30,371

43,641

62,442

90,705

CREDITORS

Amounts falling due within one year

108,960

146,316

NET CURRENT LIABILITIES

(46,518

)

(55,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,564

)

(49,302

)

CAPITAL AND RESERVES

Called up share capital

3

300

300

Capital redemption reserve

850

850

Profit and loss account

(37,714

)

(50,452

)

SHAREHOLDERS' FUNDS

(36,564

)

(49,302

)

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 director acknowledges his 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 director on 29 September 2014 and were signed by:

S C Russell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements - going concern

The shareholders have confirmed that they will continue to provide financial support to enable the company to

meet its liabilities as they fall due. On this basis, the board of directors consider it appropriate to prepare

these financial statements on a going concern basis.

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 the invoiced amount of goods sold and services provided, net of trade discounts and

excluding Value Added Tax.

Tangible fixed assets

Depreciation has been provided at the following rates in order to write off the assets over their estimated

useful lives.

Fixtures and fittings

- 20% reducing balance

Computer equipment

- 33 1/3% straight line

Deferred tax

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

the balance sheet date.

Deferred tax assets are recognised only where recovery is certain.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

46,094

Additions

9,314

At 31 December 2013

55,408

DEPRECIATION

At 1 January 2013

39,785

Charge for year

5,669

At 31 December 2013

45,454

NET BOOK VALUE

At 31 December 2013

9,954

At 31 December 2012

6,309

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

3,000

Ordinary

£0.10

p

300

300

4.	GOING CONCERN

The board of directors are confident in the continued recovery of the company following a return to profit in

2013.

The company's shareholders have also confirmed their intention to provide ongoing financial support to enable

the company to meet is liabilities as they fall due.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to three) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Clarion Golf Management & Marketing Limited for the year ended 31 December 2013 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Clarion Golf Management & Marketing Limited in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Clarion Golf Management & Marketing Limited and state those matters that we have agreed to state to the director of

Clarion Golf Management & Marketing Limited in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its director for our work or for this report.

It is your duty to ensure that Clarion Golf Management & Marketing Limited has kept adequate accounting records

and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and profit of Clarion Golf Management & Marketing Limited. You consider that Clarion Golf Management & Marketing

Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clarion Golf Management

& Marketing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

We draw your attention to Note 1 in the financial statements stating that the accounts have been prepared on a going

concern basis, not withstanding that the company has a deficiency of shareholders funds.

THP Limited

Chartered Accountants

Turnbull House

226 Mulgrave Road

Cheam

Sutton

Surrey

SM2 6JT

29 September 2014