Ethex Investment Club Limited - Period Ending 2015-11-30
Ethex Investment Club Limited - Period Ending 2015-11-30
Registration number:
(A company limited by guarantee)
for the Year Ended
Ethex Investment Club Limited
Contents
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Ethex Investment Club Limited - Registration number: 07432030
Balance Sheet as at 30 November 2015
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2015 |
2014 |
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Fixed assets |
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Intangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net liabilities |
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Capital and reserves |
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Profit and loss account |
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Approved by the Board on
.........................................
James Graham Hartzell
Director
The notes on
pages
2
to
3
form an integral part of these financial statements.
Page 1
Ethex Investment Club Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The investors will continue to financially support the company.
Turnover
Amortisation
Amortisation will be provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
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Website development costs |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life as follows:
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Office equipment |
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Research and development
Pensions
Ethex Investment Club Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 December 2014 |
210,121 |
3,832 |
213,953 |
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Additions |
26,369 |
- |
26,369 |
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At 30 November 2015 |
236,490 |
3,832 |
240,322 |
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Depreciation |
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At 1 December 2014 |
76,609 |
3,832 |
80,441 |
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Charge for the year |
46,270 |
- |
46,270 |
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At 30 November 2015 |
122,879 |
3,832 |
126,711 |
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Net book value |
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At 30 November 2015 |
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At 30 November 2014 |
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- |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.