Abbreviated Company Accounts - CRAIGMYLE GLEBE LIMITED

Abbreviated Company Accounts - CRAIGMYLE GLEBE LIMITED

CRAIGMYLE GLEBE LIMITED - Company Information

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Registered Number 00283997

CRAIGMYLE GLEBE LIMITED

Abbreviated Accounts

31 December 2015

CRAIGMYLE GLEBE LIMITED Registered Number 00283997

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 24,058 29,153
Investments 4 390,044 385,426
414,102 414,579
Current assets
Stocks - -
Debtors 182 1,089
Investments - -
Cash at bank and in hand 19,517 15,618
19,699 16,707
Prepayments and accrued income - -
Creditors: amounts falling due within one year 5 (895) 0
Net current assets (liabilities) 18,804 16,707
Total assets less current liabilities 432,906 431,286
Provisions for liabilities 0 0
Accruals and deferred income (151) (751)
Total net assets (liabilities) 432,755 430,535
Reserves
Revaluation reserve 0 0
Other reserves 432,755 430,535
Income and expenditure account 0 0
Members' funds 432,755 430,535
  • For the year ending 31 December 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 19 April 2016

And signed on their behalf by:
David Mark Tapley, Director

CRAIGMYLE GLEBE LIMITED Registered Number 00283997

Notes to the Abbreviated Accounts for the period ended 31 December 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
The surplus (deficit) on ordinary activities before taxation has been arrived at after charging depreciation on fixed assets amounting to £7,135 (2014 – £6,931).
The directors of the Company, known as the Council, hold honorary positions and receive no remuneration for their services.
Deferred capital grants of £5,265 and £300 are being recognised over 10 and 20 year periods, respectively, on a straight line basis, the periods being the expected life of the assets acquired, with the unrecognised balance treated as deferred income in the balance sheet.

Tangible assets depreciation policy
Fixed assets are being depreciated so as to write them off over their anticipated useful lives by equal annual instalments at the following rates:
Additions to freehold buildings - 10%
Fixtures and fittings - 20%
Additions to playing grounds - 10% to 20%
Improvements to grounds - 5% to 20%

Valuation information and policy
Investments are stated at market value. The gain or loss during the year is included in the Statement of Financial Activities for the year.

Other accounting policies
None

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

3Tangible fixed assets
£
Cost
At 1 January 2015 69,308
Additions 2,040
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2015 71,348
Depreciation
At 1 January 2015 40,155
Charge for the year 7,135
On disposals 0
At 31 December 2015 47,290
Net book values
At 31 December 2015 24,058
At 31 December 2014 29,153

4Fixed assets Investments
Investments are stated at market value. The gain or loss during the year is included in the Statement of Financial Activities for the year.

5Creditors
2015
£		 2014
£
Secured Debts 895 0