ORSETT_SHOWGROUND_LIMITED - Accounts

ORSETT SHOW GROUND LIMITED - Company Information

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Company Registration No. 1741710 (England and Wales)

ORSETT SHOWGROUND LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

ORSETT SHOWGROUND LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ORSETT SHOWGROUND LIMITED

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ORSETT SHOWGROUND LIMITED FOR THE YEAR ENDED 30 JUNE 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orsett Showground Limited for the year ended 30 June 2016 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Orsett Showground Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Orsett Showground Limited and state those matters that we have agreed to state to the Board of Directors of Orsett Showground Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orsett Showground Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Orsett Showground Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orsett Showground Limited. You consider that Orsett Showground Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Orsett Showground Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rowland Hall

8 November 2016

Chartered Certified Accountants

44-54 Orsett Road

Grays

Essex

RM17 5ED

ORSETT SHOWGROUND LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

70,000

Current assets

Cash at bank and in hand

36,843

35,040

Creditors: amounts falling due within one year

(2,620)

(3,769)

Net current assets

34,223

31,271

Total assets less current liabilities

104,223

101,271

Capital and reserves

Called up share capital

71,000

Revaluation reserve

(1,274)

Profit and loss account

34,497

31,545

Shareholders' funds

104,223

101,271

For the financial year ended 30 June 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 7 November 2016

Mr R T Asplin

R Draper

Director

Company Registration No. 1741710

ORSETT SHOWGROUND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings 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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

In accordance with Statement of Standard Accounting Practice No. 19 the land shown within fixed assets is included at current market value.

Land and buildings Freehold

Fixed assets

Tangible assets

Cost or valuation

At 1 July 2015 & at 30 June 2016

70,000

At 30 June 2015

70,000

Share capital

2016

2015

Allotted, called up and fully paid

71,000 Ordinary of £1 each

71,000