| Colchester Angling Preservation Society Limited |
| Registered number: |
07243033 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
180,250 |
|
|
180,250 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
16,928 |
| Debtors |
3 |
|
52,430 |
|
|
6,816 |
| Cash at bank and in hand |
|
|
130,150 |
|
|
122,006 |
|
|
|
182,580 |
|
|
145,750 |
|
| Creditors: amounts falling due within one year |
4 |
|
- |
|
|
54,674 |
|
| Net current assets |
|
|
|
182,580 |
|
|
200,424 |
|
| Net assets |
|
|
|
362,830 |
|
|
380,674 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
362,830 |
|
|
380,674 |
|
| Shareholder's funds |
|
|
|
362,830 |
|
|
380,674 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| T Baker |
| Director |
| Approved by the board on 5 December 2017 |
|
| Colchester Angling Preservation Society Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods to its paid up members from the rendering of services to its members and subscriptions received by its members. Turnover from the sale of subscriptions is recognised when the significant risks and rewards of ownership of the membership have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
At present the organisation holds no significantly valued assets to include in an asset register |
|
and depreciate. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Included in debtors are prepayments of rents due to which are paid in advance based on contracts and agreements presented to match the relative subscritions paid within the accounting date of the organisation. the previous years accrued prepayment deducted is brought forward in order to adhere to the matching concept. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2016 |
180,250 |
|
- |
|
180,250 |
|
Additions |
- |
|
5,000 |
|
5,000 |
|
Disposals |
(5,000) |
|
- |
|
(5,000) |
|
At 31 March 2017 |
175,250 |
|
5,000 |
|
180,250 |
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2017 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
175,250 |
|
5,000 |
|
180,250 |
|
At 31 March 2016 |
180,250 |
|
- |
|
180,250 |
|
|
The movement includes adjustment for land held at Olivers Lake last estimated to be valued |
|
at approximately £175,000 and presentation cups held believed to be valued at £5000 |
|
These Items in the accounts are not deemed to depreciation but may well appreciate |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
5,483 |
|
6,816 |
|
Other debtors |
46,947 |
|
- |
|
|
|
|
|
|
52,430 |
|
6,816 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
- |
|
(54,674) |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Colchester Angling Preservation Society Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Broad Oaks Park |
|
Colchester |
|
Essex |
|
CO4 0JX |
