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Unaudited Financial Statements for the Year Ended 30th September 2017 |
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Badgers Tennis Club Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30th September 2017 |
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for |
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Badgers Tennis Club Limited |
Badgers Tennis Club Limited (Registered number: 08604766) |
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Contents of the Financial Statements |
for the Year Ended 30th September 2017 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Badgers Tennis Club Limited (Registered number: 08604766) |
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Balance Sheet |
30th September 2017 |
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2017 | 2016 |
Notes | £ | £ |
Current assets |
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 4 |
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Net current assets |
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Total assets less current liabilities |
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Reserves |
Retained earnings |
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Members' funds |
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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. |
Badgers Tennis Club Limited (Registered number: 08604766) |
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Balance Sheet - continued |
30th September 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
were signed on its behalf by: |
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Badgers Tennis Club Limited (Registered number: 08604766) |
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Notes to the Financial Statements |
for the Year Ended 30th September 2017 |
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1. | Statutory information |
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Badgers Tennis Club Limited is a
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England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable for goods |
supplied and services rendered. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of |
ownership of the goods have transferred to the buyer and the amount of revenue can be |
measured reliably, it is probable that the associated economic benefits will flow to the entity, |
and the costs incurred or to be incurred in respect of the transactions can be measured |
reliably. |
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When the outcome of a transaction involving the rendering of services can be reliably |
estimated, revenue from the rendering of services is measured by reference to the stage of |
completion of the service transaction at the end of the reporting period. |
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When the outcome of a transaction involving the rendering of services cannot be reliably |
estimated, revenue is recognised only to the extent that expenses recognised are |
recoverable. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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The company uses the first in, first out method of valuation. |
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Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to |
the contractual provisions of the instrument. |
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Basic financial instruments are initially recognised at the transaction price, unless the |
arrangement constitutes a financing transaction, where it is recognised at the present value |
of the future payments discounted at a market rate of interest for a similar debt instrument. |
Badgers Tennis Club Limited (Registered number: 08604766) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th September 2017 |
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3. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Other debtors |
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Prepayments and accrued income |
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4. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Advances of membership fees |
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Accrued expenses |
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5. | Leasing agreements |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
Within one year |
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Between one and five years |
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6. | Limited by guarantee |
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The company is limited by guarantee, not having share capital. In the event of the company |
being wound up, every member, while he or she is member, or within one year after he or |
she ceases to be a member, undertakes to contribute to the assets of the company, such |
amount as may be required not exceeding £1. |