SANDOWN_SPORTS_CLUB_LIMIT - Accounts

THX1138-1 LIMITED - Company Information

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Company Registration No. 02662509 (England and Wales)

SANDOWN SPORTS CLUB LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SANDOWN SPORTS CLUB LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SANDOWN SPORTS CLUB LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

185,499

182,823

Current assets

Stocks

4,021

2,441

Debtors

2,625

8,604

Cash at bank and in hand

16,807

10,429

23,453

21,474

Creditors: amounts falling due within one year

(118,304)

(136,678)

Net current liabilities

(94,851)

(115,204)

Total assets less current liabilities

90,648

67,619

Creditors: amounts falling due after more than one year

(59,363)

(49,692)

Provisions for liabilities

(4,315)

26,970

13,612

Capital and reserves

Called up share capital

140

Share premium account

53,910

Revaluation reserve

16,667

Profit and loss account

(43,747)

(57,105)

Shareholders' funds

26,970

13,612

SANDOWN SPORTS CLUB LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2014

- 2 -

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 14 May 2015

T Watkins

Director

Company Registration No. 02662509

SANDOWN SPORTS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

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).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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 goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Straight line over the life of the asset

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

SANDOWN SPORTS CLUB LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2014

904,730

Additions

35,243

At 31 December 2014

939,973

Depreciation

At 1 January 2014

721,907

Charge for the year

32,567

At 31 December 2014

754,474

Net book value

At 31 December 2014

185,499

At 31 December 2013

182,823

Share capital

2014

2013

Allotted, called up and fully paid

90 Ordinary A Shares of £1 each

50 Ordinary B Shares of £1 each

140