Abbreviated Company Accounts - CAPITAL BALLOON CLUB LIMITED

Abbreviated Company Accounts - CAPITAL BALLOON CLUB LIMITED

CAPITAL BALLOON CLUB LIMITED - Company Information

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Registered Number 01825388

CAPITAL BALLOON CLUB LIMITED

Abbreviated Accounts

30 November 2016

CAPITAL BALLOON CLUB LIMITED Registered Number 01825388

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 - 9
- 9
Current assets
Debtors 100 592
Cash at bank and in hand 498 570
598 1,162
Creditors: amounts falling due within one year (976) (200)
Net current assets (liabilities) (378) 962
Total assets less current liabilities (378) 971
Total net assets (liabilities) (378) 971
Reserves
Other reserves 971 2,332
Income and expenditure account (1,349) (1,361)
Members' funds (378) 971
  • For the year ending 30 November 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 1 June 2017

And signed on their behalf by:
Giles Camplin, Director

CAPITAL BALLOON CLUB LIMITED Registered Number 01825388

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Tangible assets depreciation policy
Depreciation is provided using the rates below to reduce by annual
instalments the cost of the tangible assets over their estimated useful
lives:-

Balloons 25% reducing balance
Ground equipment 25% reducing balance

Other accounting policies
Income

Subscriptions and fees are included in the period in which they are received.

Expenditure

Expenditure has been charged to the income and expenditure account
in the period in which it accrues.

Taxation

No Corporation Tax is payable.

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

3Tangible fixed assets
£
Cost
At 1 December 2015 15,120
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 15,120
Depreciation
At 1 December 2015 15,111
Charge for the year 9
On disposals -
At 30 November 2016 15,120
Net book values
At 30 November 2016 0
At 30 November 2015 9