Harlow Cricket Club Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06826734 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2017

for

Harlow Cricket Club Ltd

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P H Baxter

Mr C Clark

Mr W Sorenson

Mr S J Radbourne

Mr P J Riddell

Mr M R Ahmed

Mrs J Tasker

Mrs L Burton

Mrs T Sykes

REGISTERED OFFICE:

Gothic House

1 High Street

Old Harlow

Essex

CM17 0DN

REGISTERED NUMBER:

06826734 (England and Wales)

ACCOUNTANTS:

Giess Wallis Crisp LLP

10-12 Mulberry Green

Old Harlow

Essex

CM17 0ET

FIXED ASSETS

Tangible assets

4

778,438

1,870

CURRENT ASSETS

Stocks

4,034

200

Debtors

2,874

23,815

Cash at bank and in hand

36,895

93,610

43,803

117,625

CREDITORS

Amounts falling due within one year

24,996

822

NET CURRENT ASSETS

18,807

116,803

TOTAL ASSETS LESS CURRENT LIABILITIES

797,245

118,673

RESERVES

Income and expenditure account

797,245

118,673

797,245

118,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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 surplus or deficit 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 December 2017 and were signed on its behalf by:

Mrs C M Baxter - Director

1.	STATUTORY INFORMATION

Harlow Cricket Club Ltd is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 30 years

Plant and machinery etc

-

Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

71,725

Additions

801,986

At 31 March 2017

873,711

DEPRECIATION

At 1 April 2016

69,855

Charge for year

25,418

At 31 March 2017

95,273

NET BOOK VALUE

At 31 March 2017

778,438

At 31 March 2016

1,870

5.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.

6.	LIMITED BY GUARANTEE

The company is Limited by Guarantee.