Abbreviated Company Accounts - INDIAN GYMKHANA CLUB LIMITED(THE)

Abbreviated Company Accounts - INDIAN GYMKHANA CLUB LIMITED(THE)

INDIAN GYMKHANA CLUB LIMITED(THE) - Company Information

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Registered Number 00333123

INDIAN GYMKHANA CLUB LIMITED(THE)

Abbreviated Accounts

31 December 2013

INDIAN GYMKHANA CLUB LIMITED(THE) Registered Number 00333123

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 3 485,096 505,476
485,096 505,476
Current assets
Stocks 10,208 9,850
Debtors 18,114 20,846
Cash at bank and in hand 206,188 136,877
234,510 167,573
Creditors: amounts falling due within one year (182,409) (175,600)
Net current assets (liabilities) 52,101 (8,027)
Total assets less current liabilities 537,197 497,449
Creditors: amounts falling due after more than one year (210,105) (270,309)
Provisions for liabilities (6,080) (8,097)
Total net assets (liabilities) 321,012 219,043
Reserves
Other reserves 321,012 219,043
Members' funds 321,012 219,043
  • For the year ending 31 December 2013 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 26 August 2014

And signed on their behalf by:
Sutantar Soni, Director

INDIAN GYMKHANA CLUB LIMITED(THE) Registered Number 00333123

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
Subscription are accounted for in the year of receipt.
Hire charges are recognised in the accounts when received net of Value added tax.

Tangible assets depreciation policy
Depreciation is provided as follows
Astro Pitch -25% reducing balance basis
Property Improvements-10% reducing balance basis.
Plant & Machinery-20% reducing balance basis.

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

3Tangible fixed assets
£
Cost
At 1 January 2013 945,890
Additions 70,600
Disposals -
Revaluations -
Transfers -
At 31 December 2013 1,016,490
Depreciation
At 1 January 2013 440,414
Charge for the year 90,980
On disposals -
At 31 December 2013 531,394
Net book values
At 31 December 2013 485,096
At 31 December 2012 505,476