Abbreviated Company Accounts - NORFOLK SKI CLUB LIMITED(THE)

NORFOLK SKI CLUB LIMITED(THE) - Company Information

Registered Number 01794099

NORFOLK SKI CLUB LIMITED(THE)

Abbreviated Accounts

30 April 2016

NORFOLK SKI CLUB LIMITED(THE) Registered Number 01794099

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	299,298	321,852
		299,298	321,852
Current assets
Stocks		2,339	3,148
Debtors		19,051	19,236
Cash at bank and in hand		481,760	507,548
		503,150	529,932
Creditors: amounts falling due within one year		(230,989)	(60,308)
Net current assets (liabilities)		272,161	469,624
Total assets less current liabilities		571,459	791,476
Total net assets (liabilities)		571,459	791,476
Reserves
Income and expenditure account		571,459	791,476
Members' funds		571,459	791,476

For the year ending 30 April 2016 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 13 September 2016

And signed on their behalf by:
Mr DN Baxter, Director

NORFOLK SKI CLUB LIMITED(THE) Registered Number 01794099

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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
The turnover disclosed in the financial statements represents the total amount of goods and services provided in the period exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset's cost over its effective useful life as follows:
Leasehold improvements over the period of the lease
Ski slope and lifts over 7 years straight line
Office and other equipment 20% straight line

Valuation information and policy
Stocks are valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Taxation
As a community amateur sports club no taxation liability arises on the club's current activities.

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

3Tangible fixed assets

	£
Cost
At 1 May 2015	2,359,429
Additions	17,111
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	2,376,540
Depreciation
At 1 May 2015	2,037,577
Charge for the year	39,665
On disposals	-
At 30 April 2016	2,077,242
Net book values
At 30 April 2016	299,298
At 30 April 2015	321,852