Red Rose Land Rover Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01893117 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th March 2018

for

RED ROSE LAND ROVER CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Akers

Mr R A Hayhurst

Mr M P Kerfoot

Mrs J Carr

Mr P F Payne

Mr R C Wright

Mr D I Simm

REGISTERED OFFICE:

314-316 Preston Road

Clayton-le-Woods

Chorley

Lancashire

PR6 7HZ

REGISTERED NUMBER:

01893117 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

5,408

3,017

CURRENT ASSETS

Stocks

265

181

Cash at bank and in hand

29,205

32,109

29,470

32,290

CREDITORS

Amounts falling due within one year

5

791

2,074

NET CURRENT ASSETS

28,679

30,216

TOTAL ASSETS LESS CURRENT LIABILITIES

34,087

33,233

RESERVES

Retained earnings

34,087

33,233

34,087

33,233

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 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 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 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 11th September 2018 and were signed on its behalf by:

Mr R A Hayhurst - Director

1.	STATUTORY INFORMATION

Red Rose Land Rover Club Limited is a private company, limited by guarantee, registered in England. 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts

received for members subscriptions and other club income sources, stated net of discounts and of Value Added

Tax.

Tangible fixed assets

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

Trailer

-

25% on reducing balance

Competition equipment

-

25% on reducing balance

Internal social equipment

-

15% on reducing balance

External social equipment

-

15% 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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Internal

External

Competition

social

social

Trailer

equipment

equipment

equipment

Totals

£

£

£

£

£

COST

At 31st March 2017

9,495

1,065

2,875

5,062

18,497

Additions

2,950

-

-

-

2,950

At 30th March 2018

12,445

1,065

2,875

5,062

21,447

DEPRECIATION

At 31st March 2017

8,438

1,054

2,521

3,467

15,480

Charge for year

264

3

53

239

559

At 30th March 2018

8,702

1,057

2,574

3,706

16,039

NET BOOK VALUE

At 30th March 2018

3,743

8

301

1,356

5,408

At 30th March 2017

1,057

11

354

1,595

3,017

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.18

30.3.17

£

£

Accrued expenses

791

2,074

6.	SHARE CAPITAL

The company is limited by guarantee without share capital. In the event of the company being wound up, each

member would have a maximum liability of £1.