Kingswood Polo Club Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06785043 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2015

for

KINGSWOOD POLO CLUB LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr R Powell

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

06785043 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

234,723

-

CURRENT ASSETS

Stocks

10,000

-

Debtors

40,956

138,015

Cash at bank

39,270

4,388

90,226

142,403

CREDITORS

Amounts falling due within one year

124,309

141,651

NET CURRENT (LIABILITIES)/ASSETS

(34,083

)

752

TOTAL ASSETS LESS CURRENT LIABILITIES

200,640

752

CREDITORS

Amounts falling due after more than one year

136,487

-

NET ASSETS

64,153

752

CAPITAL AND RESERVES

Called up share capital

3

106

105

Profit and loss account

64,047

647

SHAREHOLDERS' FUNDS

64,153

752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 July 2015 and were signed by:

Mr R Powell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 reducing balance

Stocks

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

for obsolete and slow moving items.

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 the profit and loss account in the period to which

they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

245,499

At 31 March 2015

245,499

DEPRECIATION

Charge for year

10,776

At 31 March 2015

10,776

NET BOOK VALUE

At 31 March 2015

234,723

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

5

A Class Non Voting

£1

5

5

1

B Class Non Voting

1

1

-

6

5

Allotted and issued:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Share capital 1

£1

100

100

The following shares were issued during the year for cash at par :

1 B Class Non Voting share of 1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,670 (2014 - £18,000) were paid to the director .