Reedham Park Sports Club Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 03353663 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Reedham Park Sports Club Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Martin

B J Heffernon

Ms S A Hayes

P L Wallyn

J J Fletcher

J V Morgan

J J Peachey

SECRETARY:

P L Wallyn

REGISTERED OFFICE:

Lodge Hill

Purley

Surrey

CR8 4AH

REGISTERED NUMBER:

03353663 (England and Wales)

FIXED ASSETS

Tangible assets

5

154,934

159,787

Investments

6

15,000

15,000

169,934

174,787

CURRENT ASSETS

Stocks

7

713

737

Debtors: amounts falling due within one year

8

2,448

2,676

Cash at bank and in hand

228,691

193,277

231,852

196,690

CREDITORS

Amounts falling due within one year

9

(10,779

)

(3,847

)

NET CURRENT ASSETS

221,073

192,843

TOTAL ASSETS LESS CURRENT LIABILITIES

391,007

367,630

CREDITORS

Amounts falling due after more than one year

10

(262,619

)

(267,614

)

NET ASSETS

128,388

100,016

RESERVES

Income and expenditure account

11

128,388

100,016

128,388

100,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 August 2016 and were signed on its behalf by:

G P Martin - Director

B J Heffernon - Director

1.	STATUTORY INFORMATION

Reedham Park Sports Club Limited is a private company, limited by guarantee , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These are the company's first financial statements prepared in accordance with FRS 102. There were no transition adjustments.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents club income derived from membership fees and associated sundry club income, excluding

value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold land & buildings

-

2% on cost buildings

Tennis courts & floodlights

-

10% on cost

Equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Lottery grant

In 1999 the company received a lottery grant of £249,734 from the English Sports Council. This amount is being

amortised over the life of the long leasehold property to which the grant was applied at the rate of 2% per annum.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

5.	TANGIBLE FIXED ASSETS

Leasehold

Tennis

land &

courts &

buildings

floodlights

Equipment

Totals

£

£

£

£

COST

At 1 April 2015

237,521

161,826

19,460

418,807

Additions

-

-

550

550

At 31 March 2016

237,521

161,826

20,010

419,357

DEPRECIATION

At 1 April 2015

79,952

161,826

17,242

259,020

Charge for year

4,750

-

653

5,403

At 31 March 2016

84,702

161,826

17,895

264,423

NET BOOK VALUE

At 31 March 2016

152,819

-

2,115

154,934

At 31 March 2015

157,569

-

2,218

159,787

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.16

31.3.15

£

£

NS&I savings certificates

15,000

15,000

7.

STOCKS

31.3.16

31.3.15

£

£

Stocks

713

737

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Match fees receivable

-

48

Prepayments

167

167

Interest receivable

2,281

2,461

2,448

2,676

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

VAT

454

451

Accruals and deferred income

10,325

3,396

10,779

3,847

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.16

31.3.15

£

£

Loan - Reedham Park Tennis Club Limited

102,795

102,795

Deferred lottery grant

159,824

164,819

262,619

267,614

The loan from Reedham Park Tennis Club Limited will not, in normal circumstances, be repayable. This

company owns the freehold title to the land on which the clubhouse and tennis courts stand and has leased this

land to the Company at a peppercorn rent for 99 years from 1 April 1997.

11.

RESERVES

Income

and

expenditure

account

£

At 1 April 2015

100,016

Surplus for the year

28,372

At 31 March 2016

128,388

12.	RELATED PARTY DISCLOSURES

13.	COMPANY STATUS

The company is limited by guarantee without having a share capital. Each member is liable to contribute £10 in

the event that the company is dissolved with insufficient funds to meet all its liabilities.