Nantwich Football Trust Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07327080 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2016

FOR

NANTWICH FOOTBALL TRUST LTD

(LIMITED BY GUARANTEE)

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B E Lycett

R Melling

J Morris

A Pye

P Temmen

C Thomasson

J P Brydon

R A Tilley

M D Chatwin

C H Grant

REGISTERED OFFICE:

Weaver Stadium

Waterlode

Nantwich

Cheshire

CW5 5BS

REGISTERED NUMBER:

07327080 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

Charles House

Beam Heath Way

Nantwich

Cheshire

CW5 6PQ

FIXED ASSETS

Tangible assets

2

3,715,036

3,763,463

CURRENT ASSETS

Debtors

6

5

NET CURRENT ASSETS

6

5

TOTAL ASSETS LESS CURRENT LIABILITIES

3,715,042

3,763,468

ACCRUALS AND DEFERRED INCOME

897,991

918,400

NET ASSETS

2,817,051

2,845,068

RESERVES

Profit and loss account

2,817,051

2,845,068

2,817,051

2,845,068

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 profit or loss 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2nd February 2017 and were signed on its behalf by:

R Melling - Director

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).

Tangible fixed assets

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

life.

Land - not depreciated

Buildings - 2% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Grants received

Grants related to purchase of assets are treated as deferred income and allocated to the profit and loss account

over the useful lives of the related assets while grants related to expenses are treated as other income in the profit

and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

4,005,598

DEPRECIATION

At 1st June 2015

242,135

Charge for year

48,427

At 31st May 2016

290,562

NET BOOK VALUE

At 31st May 2016

3,715,036

At 31st May 2015

3,763,463

3.	MEMBERS LIABILITY

The liability of each member is limited to a contribution not exceeding one pound in the event of the company

being wound up whilst they are still a member, and within one year of them ceasing to be a member. The

contribution will be towards the payment of debts and liabilities of the company contracted before they ceased to

be a member, and those incurred in connection with winding up the company or making adjustments to the rights

of the contributors amongst themselves.