ST_PANCRAS_BOYS_CLUB_LIMI - Accounts

ST PANCRAS BOYS CLUB LIMITED - Company Information

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Company Registration No. 07426901 (England and Wales)

ST PANCRAS BOYS CLUB LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

ST PANCRAS BOYS CLUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ST PANCRAS BOYS CLUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,351

4,468

Investments

3,352

4,469

Current assets

Debtors

1,113

Cash at bank and in hand

26,373

22,883

26,373

23,996

Creditors: amounts falling due within one year

(31,866)

(29,103)

Net current liabilities

(5,493)

(5,107)

Total assets less current liabilities

(2,141)

(638)

Reserves

Profit and loss account

(2,141)

(638)

Members' funds

(2,141)

(638)

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 30 March 2017

G A Springer

Director

Company Registration No. 07426901

ST PANCRAS BOYS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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).

The going concern basis is still considered by the directors to be appropriate as the parent charity has undertaken to support the subsidiary in meeting any liabilities it has in the future as they fall due.

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 ground rent receivable.

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:

Fixtures, fittings & equipment

25% reducing balance.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2015 & at 30 June 2016

14,123

14,124

Depreciation

At 1 July 2015

9,655

Charge for the year

1,117

At 30 June 2016

10,772

Net book value

At 30 June 2016

3,351

3,352

At 30 June 2015

4,468

4,469

The company has granted long leases on 7 flats at 25-27 Talacre Road, on which it receives ground rents.

ST PANCRAS BOYS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Limited liability

The company is limited by guarantee and has no share capital. Each member of the company is liable for all debts in excess of assets of the company for an amount not exceeding £1 each in the event of the company being wound up.