Abbreviated Company Accounts - COUNTY ANTRIM YACHT CLUB LIMITED

COUNTY ANTRIM YACHT CLUB LIMITED - Company Information

Registered Number NI615296

COUNTY ANTRIM YACHT CLUB LIMITED

Abbreviated Accounts

30 November 2015

COUNTY ANTRIM YACHT CLUB LIMITED Registered Number NI615296

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	3	105,737	122,477
		105,737	122,477
Current assets
Cash at bank and in hand		281	-
		281	-
Creditors: amounts falling due within one year		(112,214)	(125,388)
Net current assets (liabilities)		(111,933)	(125,388)
Total assets less current liabilities		(6,196)	(2,911)
Total net assets (liabilities)		(6,196)	(2,911)
Reserves
Income and expenditure account		(6,196)	(2,911)
Members' funds		(6,196)	(2,911)

For the year ending 30 November 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 25 August 2016

And signed on their behalf by:
John Lewis, Director

COUNTY ANTRIM YACHT CLUB LIMITED Registered Number NI615296

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention.

Compliance with accounting standards
The financial statements have been prepared on the going concern basis under the historical cost convention, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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

Land and buildings Freehold - 10% per annum straight line
Plant and machinery - 25% per annum straight line

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

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

3Tangible fixed assets

	£
Cost
At 1 December 2014	139,217
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	139,217
Depreciation
At 1 December 2014	16,740
Charge for the year	16,740
On disposals	-
At 30 November 2015	33,480
Net book values
At 30 November 2015	105,737
At 30 November 2014	122,477