Glossop Pyegrove Tennis Club - Abbreviated accounts 16.3
Glossop Pyegrove Tennis Club - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| GLOSSOP PYEGROVE TENNIS CLUB |
| GLOSSOP PYEGROVE TENNIS CLUB (REGISTERED NUMBER: 03435525) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| GLOSSOP PYEGROVE TENNIS CLUB |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| GLOSSOP PYEGROVE TENNIS CLUB (REGISTERED NUMBER: 03435525) |
| ABBREVIATED BALANCE SHEET |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| RESERVES |
| Income and expenditure account |
| 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 were approved by the Board of Directors on its behalf by: |
| GLOSSOP PYEGROVE TENNIS CLUB (REGISTERED NUMBER: 03435525) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 July 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance |
| with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Income represents receipts from membership subscriptions, match and league fees, visitors' fees, |
| court hire and grants from the lawn tennis associations. |
| Tangible fixed assets |
| Plant and equipment | - |
| Fixtures and fittings | - |
| Freehold land is not depreciated. |
| No depreciation has been provided in respect of freehold buildings as the company's policy is to |
| regularly maintain its buildings so as to prolong their useful lives. This represents a departure from |
| accounting standards, however the directors are of the opinion that any depreciation charge and |
| related accumulated depreciation balance would be immaterial. As required by FRS15 an impairment |
| review is undertaken at the end of each reporting period. |
| Grants and donations |
| Grants and donations received towards capital expenditure are credited to deferred income and |
| released to revenue on a straight line basis over the expected useful life of the relevant asset. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 | 189,943 |
| 3. | CONSTITUTION AND MEMBERS' FUNDS |
| The company was incorporated under the Companies Act 1985 as a company limited by guarantee |
| and not having any share capital in issue. |
| The members undertake to contribute to the assets of the company in the event of a winding up and |
| that contribution shall not exceed £1 for each member. |