Masters Racing Club Limited - Abbreviated accounts 16.1

Masters Racing Club Limited - Abbreviated accounts 16.1

MASTERS RACING CLUB LIMITED - Company Information

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REGISTERED NUMBER: 06565635 (England and Wales)


















Masters Racing Club Limited

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2015






Masters Racing Club Limited (Registered number: 06565635)

Contents of the Abbreviated Accounts
For The Year Ended 31 December 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Masters Racing Club Limited

Company Information
For The Year Ended 31 December 2015







DIRECTOR: R P Maydon





SECRETARY: R A Bailey





REGISTERED OFFICE: The Bunker
Lower End Road
Wavendon
Milton Keynes
Buckinghamshire
MK17 8DA





REGISTERED NUMBER: 06565635 (England and Wales)





ACCOUNTANTS: McShane Wright
2 College Street
Higham Ferrers
Northamptonshire
NN10 8DZ
Page 1
Masters Racing Club Limited (Registered number: 06565635)

Abbreviated Balance Sheet
31 December 2015

2015 2014
£    £   
CURRENT ASSETS
Debtors 538 3,159
Cash at bank 131 -
669 3,159
CREDITORS
Amounts falling due within one year 660 3,154
NET CURRENT ASSETS 9 5
TOTAL ASSETS LESS CURRENT
LIABILITIES
9
5

RESERVES
Income and expenditure account 9 5
9 5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 surplus or deficit 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 23 May 2016 and were signed by:





R P Maydon - Director


The notes form part of these abbreviated accounts

Page 2
Masters Racing Club Limited (Registered number: 06565635)

Notes to the Abbreviated Accounts
For The Year Ended 31 December 2015


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 January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

2. LIMITATION BY GUARANTEE

This company is limited by guarantee.

In the event of the winding up of the company, each shareholder is subject to pay a sum not exceeding £1 into the
company in order to contribute to any debts outstanding.

Page 3