London Press Club Limited(The) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02053919

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

London Press Club Limited(The)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M Bond

D R Selves

G V Westropp

S Oram

R Dymond

W Hagerty

J E A Mawson

Ms S Ryan

R Massey

Ms M R Sleight

D Wills

R Jobson

A R Cannon

A Singh

Ms C Douglas

Ms S Simmonds

Y Harrop

P Charman

C Wyld

SECRETARY:

A R Cannon

REGISTERED OFFICE:

2 More London Riverside

6th Floor

London

SE1 2RR

REGISTERED NUMBER:

02053919

ACCOUNTANTS:

A C Mole & Sons

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

122

152

122

152

CURRENT ASSETS

Debtors

6

22,389

38,382

Cash at bank

50,407

30,787

72,796

69,169

CREDITORS

Amounts falling due within one year

7

9,358

11,892

NET CURRENT ASSETS

63,438

57,277

TOTAL ASSETS LESS CURRENT LIABILITIES

63,560

57,429

CREDITORS

Amounts falling due after more than one year

8

3

24

NET ASSETS

63,557

57,405

RESERVES

Income and expenditure account

63,557

57,405

63,557

57,405

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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 26 September 2019 and were signed on its behalf by:

R Dymond - Director

1.	STATUTORY INFORMATION

London Press Club Limited (The) is a private company, limited by guarantee, registered in England & Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Critical accounting estimates and judgements

The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing

a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents subscriptions and sales of services.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on reducing balance

Financial instruments

The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial

instruments are initially recognised at transaction value and subsequently measured at settlement value.

Life membership

Life membership subscriptions are non refundable income of the company at the time of receipt. They are

written off to subscriptions in the accounts over a ten year period.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2018

and 31 December 2018

1,918

AMORTISATION

At 1 January 2018

and 31 December 2018

1,918

NET BOOK VALUE

At 31 December 2018

-

At 31 December 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

14,471

DEPRECIATION

At 1 January 2018

14,319

Charge for year

30

At 31 December 2018

14,349

NET BOOK VALUE

At 31 December 2018

122

At 31 December 2017

152

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

22,389

36,677

VAT

-

1,705

22,389

38,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

7,289

10,755

VAT

579

-

Other creditors

1,490

1,137

9,358

11,892

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Life membership

3

24