Egerton Park Indoor Bowls Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00896130 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2018

FOR

EGERTON PARK INDOOR BOWLS CLUB LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

194,028

203,312

CURRENT ASSETS

Stocks

2,939

3,517

Debtors

6

6,523

12,942

Cash at bank and in hand

98,930

94,279

108,392

110,738

CREDITORS

Amounts falling due within one year

7

18,163

32,104

NET CURRENT ASSETS

90,229

78,634

TOTAL ASSETS LESS CURRENT LIABILITIES

284,257

281,946

PROFIT AND LOSS ACCOUNT

Retained earnings

284,257

281,946

MEMBERS' FUNDS

284,257

281,946

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 18 July 2018 and were signed on its behalf by:

Mr P R Gunston - Director

Mrs J A Nevard - Director

1.	STATUTORY INFORMATION

Egerton Park Indoor Bowls Club Limited is a private company, limited by guarantee ,

registered in England and Wales. The company's registered number and registered office

address are as below:

Registered number:

00896130

Registered office:

Egerton Park Pavilion

Egerton Road

Bexhill on Sea

East Sussex

TN39 3HL

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.

Turnover

Turnover represents subscriptions and fees from members, green fees, bar income and

other income exclusive of VAT where applicable.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Greens

-

10% on cost

Equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

All fixed assets are initially recorded at cost.

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

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and

gains or losses relating to financial liabilities are included in the profit and loss account.

Finance costs are calculated so as to produce a constant rate of return on the outstanding

liability.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Long

Computer

leasehold

Greens

Equipment

equipment

Totals

£

£

£

£

£

COST

At 1 May 2017

391,311

60,403

186,271

526

638,511

Additions

-

-

2,555

-

2,555

At 30 April 2018

391,311

60,403

188,826

526

641,066

DEPRECIATION

At 1 May 2017

201,089

60,403

173,357

350

435,199

Charge for year

7,826

-

3,861

152

11,839

At 30 April 2018

208,915

60,403

177,218

502

447,038

NET BOOK VALUE

At 30 April 2018

182,396

-

11,608

24

194,028

At 30 April 2017

190,222

-

12,914

176

203,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

884

Other debtors

879

-

VAT

104

1,025

Prepayments and accrued income

5,540

11,033

6,523

12,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

3,805

15,913

PAYE and social security

666

229

Wages control account

-

3,103

Social section funds

1,940

1,940

Junior section funds

1,095

1,210

Unallocated sponsorships

288

288

Accruals and deferred income

10,369

9,421

18,163

32,104

8.	RELATED PARTY DISCLOSURES

The company is controlled by the directors, who contribute to and benefit from the club's

facilities on the same basis as other members.

The Articles of Association of the company forbid the directors to receive remuneration or

emoluments of any kind.

No transactions with related parties were undertaken such as are required to be disclosed

under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard

applicable in the UK and Republic of Ireland'.