Keighley Cricket Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01976557 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Keighley Cricket Club Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

S Bottomley

N Allsopp

P M Barker

SECRETARY:

S Bottomley

REGISTERED OFFICE:

Hard Ings Road

Keighley

West Yorkshire

BD21 3NB

REGISTERED NUMBER:

01976557 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

FIXED ASSETS

Tangible assets

5

755,492

227,192

CURRENT ASSETS

Stocks

2,405

1,393

Debtors

6

222

494

Cash at bank and in hand

28,332

18,467

30,959

20,354

CREDITORS

Amounts falling due within one year

7

5,728

2,911

NET CURRENT ASSETS

25,231

17,443

TOTAL ASSETS LESS CURRENT LIABILITIES

780,723

244,635

RESERVES

Revaluation reserve

8

666,629

138,540

Retained earnings

114,094

106,095

780,723

244,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 November 2018 and were signed on its behalf by:

S Bottomley - Director

1.	STATUTORY INFORMATION

Keighley Cricket 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

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

Freehold property

-

at variable rates on reducing balance

Fixtures and fittings

-

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST OR VALUATION

At 1 November 2017

257,928

48,832

306,760

Additions

-

1,181

1,181

Revaluations

492,072

-

492,072

At 31 October 2018

750,000

50,013

800,013

DEPRECIATION

At 1 November 2017

36,016

43,552

79,568

Charge for year

-

969

969

Revaluation adjustments

(36,016

)

-

(36,016

)

At 31 October 2018

-

44,521

44,521

NET BOOK VALUE

At 31 October 2018

750,000

5,492

755,492

At 31 October 2017

221,912

5,280

227,192

Cost or valuation at 31 October 2018 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

Valuation in 2018

492,072

-

492,072

Cost

257,928

50,013

307,941

750,000

50,013

800,013

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade debtors

-

200

Other debtors

-

180

Prepayments & Accrued Income

222

114

222

494

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Accruals & deferred income

5,728

2,911

8.

RESERVES

Revaluation

reserve

£

At 1 November 2017

138,540

Gain on revaluation of Freehold Property

528,089

At 31 October 2018

666,629

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Keighley Cricket Club Limited for the year ended 31 October 2018 which comprise the

Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Keighley Cricket Club Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Keighley Cricket Club Limited and state those matters that we have agreed to state to the Board of Directors of Keighley Cricket Club Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Keighley Cricket Club Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Keighley Cricket Club Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Keighley Cricket Club Limited. You consider that Keighley Cricket Club Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Keighley Cricket Club Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

19 November 2018