Scarborough Constitutional Club Ltd - Accounts to registrar (filleted) - small 18.1
Scarborough Constitutional Club Ltd - Accounts to registrar (filleted) - small 18.1
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017 |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 62/63 Westborough |
| Scarborough |
| North Yorkshire |
| YO11 1TS |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Capital redemption reserve | 8 |
| Fair value reserve | 8 |
| Retained earnings | 8 |
| 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. |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2017 |
| 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 |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| The Scarborough Constitutional Club Company Limited is a |
| 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 |
| The financial statements are presented in sterling which is the functional currency of the company. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
| have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover represents rents receivable for the year. |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction |
| price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| Interest and dividends receivable |
| Interest income is recognised using the effective interest method and dividend income is recognised as the company's right |
| to receive payment is established. |
| Listed investments |
| Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. |
| Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can |
| otherwise be measured reliably. |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| Cost or valuation at 31 December 2017 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2017 | 15,622 |
| Valuation in 2016 | 9,290 |
| Cost | 225,540 |
| 250,452 |
| If the listed investments had not been revalued they would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost |
| The listed investments were valued on an open market basis basis on 31 December 2017 by Brewin Dolphin . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Deferred tax |
| THE SCARBOROUGH CONSTITUTIONAL CLUB |
| COMPANY LIMITED (REGISTERED NUMBER: 00024417) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Payments on account |
| Other creditors |
| Accruals and deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 4,032 |
| 8. | RESERVES |
| Capital | Fair |
| Retained | redemption | value |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2017 | 300,040 |
| Profit for the year |
| Unrealised gain on investments | (12,654 | ) | - | 12,654 | - |
| At 31 December 2017 | 303,692 |