Abbreviated Company Accounts - LEWISHAM ELDERS RESOURCE CENTRE

Abbreviated Company Accounts - LEWISHAM ELDERS RESOURCE CENTRE

STANSTEAD LODGE SENIOR CLUB LTD - Company Information

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Registered Number 03879163

LEWISHAM ELDERS RESOURCE CENTRE

Abbreviated Accounts

31 March 2014

LEWISHAM ELDERS RESOURCE CENTRE Registered Number 03879163

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 759,272 796,772
759,272 796,772
Current assets
Debtors - 5,385
Cash at bank and in hand 19,047 20,257
19,047 25,642
Creditors: amounts falling due within one year 4 (6,540) (13,243)
Net current assets (liabilities) 12,507 12,399
Total assets less current liabilities 771,779 809,171
Creditors: amounts falling due after more than one year 4 (93,223) (93,011)
Total net assets (liabilities) 678,556 716,160
Reserves
Revaluation reserve 684,148 757,935
Other reserves 32,012 35,482
Income and expenditure account (37,604) (77,257)
Members' funds 678,556 716,160
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 November 2014

And signed on their behalf by:
James Dobson, Director

LEWISHAM ELDERS RESOURCE CENTRE Registered Number 03879163

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Grants and other income are recognised in full in the year in which they are receivable.
Resouces expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Tangible assets depreciation policy
Freehold property is depreciated at 4% per annum and at the same time an equal amount is written off the amount of grant received to enable the work to be undertaken.

Equipment is shown at cost and depreciated over the period of their estimated useful lives on a straight line basis at 20% per annum.

Other accounting policies
Cash Flow Statement - Exemption has been taken under the provisions of the Companies Act 2006 not to prepare a cash flow statement as the company qualifies as a small company

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 April 2013 907,267
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 907,267
Depreciation
At 1 April 2013 110,495
Charge for the year 37,500
On disposals -
At 31 March 2014 147,995
Net book values
At 31 March 2014 759,272
At 31 March 2013 796,772
4Creditors
2014
£		 2013
£
Secured Debts 93,223 93,011