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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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Badgers Tennis Club Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 September 2018 |
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for |
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Badgers Tennis Club Ltd |
Badgers Tennis Club Ltd (Registered number: 08604766) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Badgers Tennis Club Ltd (Registered number: 08604766) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
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 |
Profit and loss account |
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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 surplus or deficit 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. |
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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
behalf by: |
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Badgers Tennis Club Ltd (Registered number: 08604766) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | Statutory information |
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Badgers Tennis Club Ltd is a
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Wales. The company's registered number and registered office address are as below: |
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Registered number: | 08604766 |
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Registered office: | 85 Church Road |
Hove |
East Sussex |
BN3 2BB |
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The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the |
nearest (£). |
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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 and represents |
amounts 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, usually on despatch of the goods, 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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Stock is calculated on a first in, first out basis. |
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Leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the |
period of the lease. |
Badgers Tennis Club Ltd (Registered number: 08604766) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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3. | Debtors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Other debtors |
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4. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Taxation and social security |
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Other creditors |
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5. | Off-balance sheet arrangements |
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At the year end, the company had operating lease commitments of £3,000 (2017: £15,000). |
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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. |