T&R Sports Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04497326 (England and Wales)

T & R SPORTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JANUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Mr J B Tabberner

Mr P A Roland

Mr L J Kesterton

REGISTERED OFFICE:

77 Birchfield Road

Headless Cross

Redditch

Worcestershire

B97 4LB

REGISTERED NUMBER:

04497326 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Santander UK plc

BBAM

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

2

-

Investment property

3

-

235,585

-

235,585

CURRENT ASSETS

Debtors

34,006

13,432

Cash at bank

-

4,458

34,006

17,890

CREDITORS

Amounts falling due within one year

14,533

21,761

NET CURRENT ASSETS/(LIABILITIES)

19,473

(3,871

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,473

231,714

CREDITORS

Amounts falling due after more than one
year

4

-

151,103

NET ASSETS

19,473

80,611

CAPITAL AND RESERVES

Called up share capital

5

10

Profit and loss account

19,463

80,601

SHAREHOLDERS' FUNDS

19,473

80,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17th August 2016 and were signed on its behalf
by:

Mr L J Kesterton - Director

Mr P A Roland - Director

Mr J B Tabberner - 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 January 2015).

Tangible fixed assets

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

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with FRSSE (effective January 2015) paragraph 6.50, no depreciation or amortisation is provided

in respect of investment property.

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of

fixed assets. However, the investment property is not held for consumption but for investment and the directors

consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore

necessary for the accounts to give a true and fair view.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

424

Disposals

(424

)

At 31st January 2016

-

DEPRECIATION

At 1st February 2015

424

Eliminated on disposal

(424

)

At 31st January 2016

-

NET BOOK VALUE

At 31st January 2016

-

At 31st January 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST

At 1st February 2015

235,585

Disposals

(235,585

)

At 31st January 2016

-

NET BOOK VALUE

At 31st January 2016

-

At 31st January 2015

235,585

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 151,103 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

2016

2015

Number:

Class:

Nominal value:

£

3

Ordinary A

£1

3

1

Ordinary B

£1

1

5

Ordinary C

£1

5

1

Ordinary D

£1

1

10

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2016 and

31st January 2015:

2016

2015

£

Mr L J Kesterton

Balance outstanding at start of year

13,277

36,871

Amounts advanced

27,506

14,443

Amounts repaid

(28,667

)

(38,037

)

Balance outstanding at end of year

12,116

13,277

Mr P A Roland

Balance outstanding at start of year

-

36,871

Amounts advanced

5,579

-

Amounts repaid

-

(36,871

)

Balance outstanding at end of year

5,579

-

Mr J B Tabberner

Balance outstanding at start of year

-

36,871

Amounts advanced

16,311

-

Amounts repaid

-

(36,871

)

Balance outstanding at end of year

16,311

-

The directors' loans were repaid within nine months of the year end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of T & R Sports Limited for the year ended 31st January 2016 which comprise the Profit and Loss

Account, the 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of T & R Sports Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T & R Sports Limited and state those matters that we have agreed to state to the Board of Directors of T & R Sports Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T & R Sports 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 profit of T & R Sports Limited. You consider that T & R Sports 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 T & R Sports 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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

17th August 2016