Abbreviated Company Accounts - MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED

Abbreviated Company Accounts - MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED - Company Information

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Registered Number 02561805

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED

Abbreviated Accounts

30 November 2015

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED Registered Number 02561805

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 - 305
- 305
Current assets
Debtors 1,932 1,651
Cash at bank and in hand 18,776 16,562
20,708 18,213
Creditors: amounts falling due within one year (8,459) (6,741)
Net current assets (liabilities) 12,249 11,472
Total assets less current liabilities 12,249 11,777
Total net assets (liabilities) 12,249 11,777
Reserves
Income and expenditure account 12,249 11,777
Members' funds 12,249 11,777
  • For the year ending 30 November 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 15 August 2016

And signed on their behalf by:
A F Fletcher, Director

MIDLAND HILL CLIMB CHAMPIONSHIP LIMITED Registered Number 02561805

Notes to the Abbreviated Accounts for the period ended 30 November 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 income from sponsorships and championship entry fees.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of assets over their estimated useful lives at the following rates
Fixtures 20% straight line
Motor Vehicles 20% straight line

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

3Tangible fixed assets
£
Cost
At 1 December 2014 61,123
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2015 61,123
Depreciation
At 1 December 2014 60,818
Charge for the year 305
On disposals -
At 30 November 2015 61,123
Net book values
At 30 November 2015 0
At 30 November 2014 305