Keighley Division Conservative Club - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00200800 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Keighley Division Conservative Club

Buildings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs F S Wild

S M Duxbury

G E Yates

J D Whalley

A C Mallinson

R Brown

C Herd

SECRETARY:

Mrs F S Wild

REGISTERED OFFICE:

Churchill House

North Street

Keighley

West Yorkshire

BD21 3AF

REGISTERED NUMBER:

00200800 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

BD21 3DS

FIXED ASSETS

Tangible assets

5

20,176

20,210

Investment property

6

185,000

185,000

205,176

205,210

CURRENT ASSETS

Debtors

7

4,452

2,779

Cash at bank

2,782

3,743

7,234

6,522

CREDITORS

Amounts falling due within one year

8

(1,361

)

(2,711

)

NET CURRENT ASSETS

5,873

3,811

TOTAL ASSETS LESS CURRENT LIABILITIES

211,049

209,021

CAPITAL AND RESERVES

Called up share capital

7,250

7,250

Revaluation reserve

9

-

103,058

Other reserves

9

94,511

94,511

Retained earnings

9

109,288

4,202

SHAREHOLDERS' FUNDS

211,049

209,021

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

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

The financial statements were approved by the Board of Directors on 23 August 2019 and were signed on its behalf by:

S M Duxbury - Director

1.	STATUTORY INFORMATION

Keighley Division Conservative Club Buildings Limited is a private company, limited by shares , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 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.

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Computer

property

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

20,176

2,219

22,395

DEPRECIATION

At 1 January 2018

-

2,185

2,185

Charge for year

-

34

34

At 31 December 2018

-

2,219

2,219

NET BOOK VALUE

At 31 December 2018

20,176

-

20,176

At 31 December 2017

20,176

34

20,210

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2018

and 31 December 2018

185,000

NET BOOK VALUE

At 31 December 2018

185,000

At 31 December 2017

185,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

3,315

1,840

Prepayments

1,137

939

4,452

2,779

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

908

1,700

Corporate taxation

3

-

Accrued expenses

450

1,011

1,361

2,711

9.

RESERVES

The revaluation reserve on the investment property has been transferred to the Profit & Loss Reserve in

compliance with FRS102.

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 Division Conservative Club Buildings Limited for the year ended 31 December 2018

which comprise the Income Statement, 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 Division Conservative Club Buildings 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 Division Conservative Club Buildings Limited and state those matters that we have agreed to state to the Board of Directors of Keighley Division Conservative Club Buildings 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 Division Conservative Club Buildings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Keighley Division Conservative Club Buildings 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 Division Conservative Club Buildings Limited. You consider that Keighley Division Conservative Club Buildings 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 Division Conservative Club Buildings 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

23 August 2019