Hammersmith Martial Arts Club Small abridged accounts

HAMMERSMITH MARTIAL ARTS CLUB - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Hammersmith Martial Arts Club have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 07888032

Hammersmith Martial Arts Club

Company Limited by Guarantee

Filleted Unaudited Abridged Financial Statements

30 April 2017

Hammersmith Martial Arts Club

Company Limited by Guarantee

Abridged Financial Statements

Year ended 30 April 2017

Contents	Page

Officers and professional advisers	1

Abridged statement of financial position	2

Notes to the abridged financial statements	4

The following pages do not form part of the abridged financial statements

Chartered tax advisers report to the board of directors on the preparation of the unaudited statutory abridged financial statements	8

Hammersmith Martial Arts Club

Company Limited by Guarantee

Officers and Professional Advisers

The board of directors	Mr R Martin
	Mr S Hayes

Company secretary	JWA Registrars Limited

Registered office	Shaftesbury Mansions
	52 Shaftesbury Avenue
	London
	W1D 6LP

Accountants	John Walsh Associates LLP
	Chartered Tax Advisers
	Shaftesbury Mansions
	52 Shaftesbury Avenue
	London
	W1D 6LP

Bankers	Barclays
	1 High Street
	Town Centre
	Bracknell
	RG12 1DR

Business address 89 Richford Street

Hammersmith

London

W6 7HJ

Hammersmith Martial Arts Club

Company Limited by Guarantee

Abridged Statement of Financial Position

30 April 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	6		4,631	4,171

Current assets

Debtors	1,255	10,205
Cash at bank and in hand	67,102	13,680
	--------	--------
	68,357	23,885

Creditors: amounts falling due within one year	11,834		7,500
	--------		--------
Net current assets		56,523	16,385
		--------	--------
Total assets less current liabilities		61,154	20,556
		--------	--------
Net assets		61,154	20,556
		--------	--------

Capital and reserves

Profit and loss account	61,154	20,556
	--------	--------
Members funds	61,154	20,556
	--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 30 April 2017 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 abridged 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 abridged financial statements .

Hammersmith Martial Arts Club

Company Limited by Guarantee

Abridged Statement of Financial Position (continued)

30 April 2017

These abridged financial statements were approved by the board of directors and authorised for issue on 24 January 2018 , and are signed on behalf of the board by:

Mr R Martin	Mr S Hayes
Director	Director

Company registration number: 07888032

Hammersmith Martial Arts Club

Company Limited by Guarantee

Notes to the Abridged Financial Statements

Year ended 30 April 2017

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Shaftesbury Mansions, 52 Shaftesbury Avenue, London, W1D 6LP.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Company limited by guarantee

Hammersmith Martial Arts Club is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: Nil).

6. Tangible assets

	£
Cost
At 1 May 2016	8,451
Additions	3,093
	--------
At 30 April 2017	11,544
	--------
Depreciation
At 1 May 2016	4,280
Charge for the year	2,633
	--------
At 30 April 2017	6,913
	--------
Carrying amount
At 30 April 2017	4,631
	--------
At 30 April 2016	4,171
	--------

7. Related party transactions

As at the year-end date, an amount of £1,255 (2016: £2,755) was owed by Carlson Gracie Jiu Jitsu Limited which is a company under common control.

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.

No transitional adjustments were required in equity or profit or loss for the year.

Hammersmith Martial Arts Club

Company Limited by Guarantee

Management Information

Year ended 30 April 2017

The following pages do not form part of the abridged financial statements.

Hammersmith Martial Arts Club

Company Limited by Guarantee

Chartered Tax Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Hammersmith Martial Arts Club

Year ended 30 April 2017

As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 30 April 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

John Walsh Associates LLP Chartered Tax Advisers

Shaftesbury Mansions 52 Shaftesbury Avenue London W1D 6LP

25 January 2018