Oxford Gliding Company Limited - Accounts to registrar (filleted) - small 17.3
Oxford Gliding Company Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2017 |
| for |
| Oxford Gliding Company Limited |
| Oxford Gliding Company Limited (Registered number: 00340261) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Oxford Gliding Company Limited |
| Company Information |
| for the Year Ended 30 September 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Tax Advisers and Registered Auditors |
| Boston House |
| Henley-On-Thames |
| RG9 1DY |
| Oxford Gliding Company Limited (Registered number: 00340261) |
| Balance Sheet |
| 30 September 2017 |
| 30.9.17 | 30.9.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Aircraft revaluation reserve | 6 |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Oxford Gliding Company Limited (Registered number: 00340261) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2017 |
| 1. | STATUTORY INFORMATION |
| Oxford Gliding Company Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of subscriptions, flying fees and sales of services. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Hangar | - Over term of lease |
| Aircraft | - Straight line over 40 years |
| Major winch parts | - Straight line over 25 years |
| General equipment | - Straight line over 15 years |
| Cable retrieve vehicles | - Straight line over 3 years |
| Operating lease rentals |
| Rentals paid under operating leases are charged to income as incurred. |
| Transition to frs 102 |
| In making the transition to FRS 102 , no changes were needed to the previous years' figures. |
| 3. | TANGIBLE FIXED ASSETS |
| Improvements |
| Hangar | to hangar | Aircraft |
| leasehold | leasehold | & equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2016 |
| and 30 September 2017 |
| DEPRECIATION |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| NET BOOK VALUE |
| At 30 September 2017 |
| At 30 September 2016 |
| Oxford Gliding Company Limited (Registered number: 00340261) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2017 |
| 3. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 30 September 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2007 | - | 31,439 | 31,439 |
| Cost | 58,283 | 132,787 | 191,070 |
| 58,283 | 164,226 | 222,509 |
| If Aircraft and Equipment had not been revalued they would have been included at the following historical cost: |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Cost | 109,880 | 109,880 |
| Aggregate depreciation | 96,600 | 95,201 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.17 | 30.9.16 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 6. | RESERVES |
| Aircraft |
| revaluation |
| reserve |
| £ |
| At 1 October 2016 |
| Depreciation on revaluation | (1,178 | ) |
| At 30 September 2017 |
| 7. | RELATED PARTY DISCLOSURES |
| At the year end an amount of £39,018 (2016: £39,018) is due to Oxford Gliding Company Limited from Oxford Gliding Site |
| Trust. There is no set repayment date and no interest is chargeable on any sums owing. |