Old Loughtonians Hockey Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10539301 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

23 DECEMBER 2016 TO 30 APRIL 2018

FOR

OLD LOUGHTONIANS HOCKEY CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G Higgins

T Stumbke

Mrs J Warwick-Munday

SECRETARY:

Mrs J Blake

REGISTERED OFFICE:

Roding Sports Centre

Luxborough Lane

Chigwell

Essex

IG7 5AB

REGISTERED NUMBER:

10539301 (England and Wales)

ACCOUNTANTS:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

FIXED ASSETS

Tangible assets

4

968,283

CURRENT ASSETS

Stocks

5,096

Debtors

5

88,680

Cash at bank and in hand

84,735

178,511

CREDITORS

Amounts falling due within one year

6

210,154

NET CURRENT LIABILITIES

(31,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

936,640

CREDITORS

Amounts falling due after more than one year

7

682,941

NET ASSETS

253,699

RESERVES

Income and expenditure account

8

253,699

253,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2018 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.

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 June 2018 and were signed on its behalf by:

T Stumbke - Director

1.	STATUTORY INFORMATION

Old Loughtonians Hockey Club Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

Straight line over 10 & 20 years

Fixtures and fittings

-

25% on reducing balance

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 period 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 period 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 period was 12 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

Additions

-

1,110

1,110

Reclassification/transfer

2,051,469

71,377

2,122,846

At 30 April 2018

2,051,469

72,487

2,123,956

DEPRECIATION

Charge for period

162,828

5,460

168,288

Reclassification/transfer

936,746

50,639

987,385

At 30 April 2018

1,099,574

56,099

1,155,673

NET BOOK VALUE

At 30 April 2018

951,895

16,388

968,283

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

27,213

Other debtors

20,000

VAT

4,653

Prepayments and accrued income

36,814

88,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

25,317

Other creditors

5,000

Accruals and deferred income

161,919

Accrued expenses

17,918

210,154

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Accruals and deferred income

682,941

The deferred income is the spreading of the Olympic Development Grant over the estimated life of the

fixed assets which were purchased to upgrade the hockey facilities at the sports club for the 2012

Olympics.

8.

RESERVES

Income

and

expenditure

account

£

At 23 December 2016

257,160

Deficit for the period

(3,461

)

At 30 April 2018

253,699