GRANGE_FARM_SPORTS_CENTRE - Accounts

GRANGE FARM SPORTS CENTRE LIMITED - Company Information

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Company Registration No. 06862786 (England and Wales)

GRANGE FARM SPORTS CENTRE LIMITED

A COMPANY LIMITED BY GUARANTEE

NOT HAVING SHARE CAPITAL

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

GRANGE FARM SPORTS CENTRE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GRANGE FARM SPORTS CENTRE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

35,220

28,743

Current assets

Stocks

584

430

Debtors

74,274

24,290

Cash at bank and in hand

6,188

7,496

81,046

32,216

Creditors: amounts falling due within one year

(92,013)

(59,047)

Net current liabilities

(10,967)

(26,831)

Total assets less current liabilities

24,253

1,912

Capital and reserves

Called up share capital

Profit and loss account

24,243

1,902

Shareholders' funds

24,253

1,912

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 November 2016

Mr R D Neville

Director

Company Registration No. 06862786

GRANGE FARM SPORTS CENTRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents income from use of facilities at Grange Farm and contributions from Grange Farm Centre Trust as provided in lease.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33% straight line

Computer equipment

33% straight line

Fixtures, fittings & equipment

25% straight line

Motor vehicles

Fixed assets

Tangible assets

Cost

At 1 April 2015

60,946

Additions

30,866

Disposals

(11,147)

At 31 March 2016

80,665

Depreciation

At 1 April 2015

32,203

On disposals

(2,162)

Charge for the year

15,404

At 31 March 2016

45,445

Net book value

At 31 March 2016

35,220

At 31 March 2015

28,743

GRANGE FARM SPORTS CENTRE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

There is no authorised or called up share capital as the Company is limited by guarantee, each member undertaking to contribute a maximum of £10 in the event of the Company being wound up. At the end of the financial period there was one member.