Sandown Sports Club Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02662509 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

SANDOWN SPORTS CLUB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

Director:

P Le Masurier

Registered office:

Sandown Sports Park

More Lane

Esher

Surrey

KT10 8AN

Registered number:

02662509 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Aissela

46 High Street

Esher

Surrey

KT10 9QY

Fixed assets

Tangible assets

4

527,994

448,324

Current assets

Stocks

-

5,959

Debtors

5

68,396

93,956

Cash at bank and in hand

94,754

99,739

163,150

199,654

Creditors

Amounts falling due within one year

6

602,914

585,603

Net current liabilities

(439,764

)

(385,949

)

Total assets less current liabilities

88,230

62,375

Creditors

Amounts falling due after more than one year

7

(56,377

)

(4,242

)

Provisions for liabilities

(24,871

)

(13,210

)

Net assets

6,982

44,923

Capital and reserves

Called up share capital

8

140

140

Share premium

53,910

53,910

Revaluation reserve

16,667

16,667

Retained earnings

(63,735

)

(25,794

)

Shareholders' funds

6,982

44,923

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 director acknowledges his 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 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 director on 30 September 2019 and were signed by:

P Le Masurier - Director

1.	Statutory information

Sandown Sports Club 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

over the length of the lease

Plant and machinery etc

-

Straight line over 3 to 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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 balance sheet date.

Deferred tax

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

balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 43 (2017 - 40 ) .

4.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2018

724,573

612,932

1,337,505

Additions

40,670

105,184

145,854

Disposals

-

(550

)

(550

)

At 31 December 2018

765,243

717,566

1,482,809

Depreciation

At 1 January 2018

353,842

535,339

889,181

Charge for year

45,711

19,923

65,634

At 31 December 2018

399,553

555,262

954,815

Net book value

At 31 December 2018

365,690

162,304

527,994

At 31 December 2017

370,731

77,593

448,324

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

36,223

29,821

Other debtors

32,173

64,135

68,396

93,956

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Hire purchase contracts

19,484

4,982

Trade creditors

44,781

54,368

Taxation and social security

42,583

25,580

Other creditors

496,066

500,673

602,914

585,603

7.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Hire purchase contracts

56,377

4,242

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

140

Ordinary

£1

140

140

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director 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 Sandown Sports Club Limited for the year ended 31 December 2018 which comprise the

Income Statement, Balance Sheet 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 director of Sandown Sports Club Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sandown Sports Club Limited and state those matters that we have agreed to state to the director of Sandown Sports Club Limited 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 Sandown Sports Club Limited and its director for our work or for this report.

It is your duty to ensure that Sandown Sports Club 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 loss of Sandown Sports Club Limited. You consider that Sandown Sports Club 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 Sandown Sports Club 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.

Haines Watts

Chartered Accountants

Aissela

46 High Street

Esher

Surrey

KT10 9QY

30 September 2019