Company Registration No. 08673506 (England and Wales)
HOLYPORT REAL TENNIS CLUB LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
HOLYPORT REAL TENNIS CLUB LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HOLYPORT REAL TENNIS CLUB LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
25,911
32,137
Current assets
Debtors
450
2,902
Cash at bank and in hand
49,491
50,554
49,941
53,456
Creditors: amounts falling due within one year
(360,051)
(131,717)
Net current liabilities
(310,110)
(78,261)
Total assets less current liabilities
(284,199)
(46,124)
Capital and reserves
Profit and loss account
(284,199)
(46,124)
Shareholders' funds
(284,199)
(46,124)
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 May 2016
Mr C J O'Shea
Director
Company Registration No. 08673506
HOLYPORT REAL TENNIS CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Notwithstanding the negative shareholders' funds the accounts have been prepared on a going concern basis as the company will continue to be supported by the company directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for memberships and tennis services.
memberships and tennis services.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20% Straight Line
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2014
40,171
Additions
2,260
At 31 August 2015
42,431
Depreciation
At 1 September 2014
8,034
Charge for the year
8,486
At 31 August 2015
16,520
Net book value
At 31 August 2015
25,911
At 31 August 2014
32,137
HOLYPORT REAL TENNIS CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
3
Share capital
The company is a private company limited by guarantee and consequently does not have share capital. Mr C J O' Shea, company member, is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.