Abbreviated Company Accounts - BARONS COURT PROJECT LIMITED

BARONS COURT PROJECT LIMITED - Company Information

Registered Number 01963453

BARONS COURT PROJECT LIMITED

Abbreviated Accounts

5 April 2016

BARONS COURT PROJECT LIMITED Registered Number 01963453

Abbreviated Balance Sheet as at 5 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	9,928	15,537
		9,928	15,537
Current assets
Debtors		1,422	2,768
Investments		3,199	-
Cash at bank and in hand		102,127	86,917
		106,748	89,685
Creditors: amounts falling due within one year		(25,622)	(20,579)
Net current assets (liabilities)		81,126	69,106
Total assets less current liabilities		91,054	84,643
Total net assets (liabilities)		91,054	84,643
Reserves
Other reserves		53,502	53,262
Income and expenditure account		37,552	31,381
Members' funds		91,054	84,643

For the year ending 5 April 2016 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 5 April 2016

And signed on their behalf by:
Adam Salmon, Director

BARONS COURT PROJECT LIMITED Registered Number 01963453

Notes to the Abbreviated Accounts for the period ended 5 April 2016

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
Incoming resources
All grants, contracts income and donations are recognised in the statement of Financial Activities when receivable and are not treated as treated deferred income, as no such income of the charitable company requires a specific and measurable output to be delivered as a condition of entitlement to the funds, and in the opinion of the Management Committee, conditions attached to grants, contract income and donations are within The Project's control and can be met. Grant-aided fixed asset expenditure is capitalised and depreciation is charged against the grants over expected useful lives of the fixed assets concerned.

Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible assets depreciation policy
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

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

3Tangible fixed assets

	£
Cost
At 1 April 2015	85,791
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 5 April 2016	85,791
Depreciation
At 1 April 2015	70,254
Charge for the year	5,609
On disposals	-
At 5 April 2016	75,863
Net book values
At 5 April 2016	9,928
At 31 March 2015	15,537