Abbreviated Company Accounts - MASERATI CLUB LIMITED

Abbreviated Company Accounts - MASERATI CLUB LIMITED

MASERATI CLUB LIMITED - Company Information

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Registered Number 07904247

MASERATI CLUB LIMITED

Abbreviated Accounts

31 December 2015

MASERATI CLUB LIMITED Registered Number 07904247

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Current assets
Stocks 1,306 1,345
Debtors 6,305 7,500
Cash at bank and in hand 124,048 85,256
131,659 94,101
Creditors: amounts falling due within one year (61,665) (29,653)
Net current assets (liabilities) 69,994 64,448
Total assets less current liabilities 69,994 64,448
Total net assets (liabilities) 69,994 64,448
Reserves
Other reserves 69,994 64,448
Members' funds 69,994 64,448
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 March 2016

And signed on their behalf by:
Kenneth Painter, Director
Jeremy Hutton, Director

MASERATI CLUB LIMITED Registered Number 07904247

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Income represents members subscriptions and surplus of income over expenses relating to club events. Value Added Tax is not charged thereon.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.