London Press Club Limited(The) - Accounts to registrar - small 17.2

London Press Club Limited(The) - Accounts to registrar - small 17.2

LONDON PRESS CLUB LIMITED(THE) - Company Information

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REGISTERED NUMBER: 02053919













Unaudited Financial Statements

for the Year Ended 31 December 2016

for

London Press Club Limited(The)

London Press Club Limited(The) (Registered number: 02053919)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Press Club Limited(The)

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Dr M Bond
D R Selves
G V Westropp
R Esser
S Oram
R Satchwell
R Dymond
W Hagerty
J E A Mawson
Ms S Ryan
R Massey
Ms M R Sleight
D Wills
R Jobson
V Cook
A R Cannon





SECRETARY: A R Cannon





REGISTERED OFFICE: 2 More London Riverside
6th Floor
London
SE1 2RR





REGISTERED NUMBER: 02053919





ACCOUNTANTS: A C Mole & Sons
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Page 1
London Press Club Limited(The) (Registered number: 02053919)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - 190
Tangible assets 4 190 237
190 427

CURRENT ASSETS
Debtors 5 35,714 29,185
Cash at bank 27,172 33,345
62,886 62,530
CREDITORS
Amounts falling due within one year 6 6,397 10,259
NET CURRENT ASSETS 56,489 52,271
TOTAL ASSETS LESS CURRENT
LIABILITIES
56,679
52,698

CREDITORS
Amounts falling due after more than one
year
7
45
66
NET ASSETS 56,634 52,632

RESERVES
Income and expenditure account 56,634 52,632
56,634 52,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 notes form part of these financial statements

Page 2 continued...
London Press Club Limited(The) (Registered number: 02053919)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2017 and were signed on its behalf
by:





R Dymond - Director


The notes form part of these financial statements

Page 3
London Press Club Limited(The) (Registered number: 02053919)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

London Press Club Limited (The) is a private company, limited by guarantee, registered in England & Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first set of financial statement prepared by London Press Club Limited (The) in compliance with FRS
102 section 1A.

The company transitioned from previously extant UK GAAP to FRS 102 as at 1 January 2016. An explanation
of how transition to FRS 102 has affected the reported financial position and financial performance is given in
the notes.

Critical accounting estimates and judgements
The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing
a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover represents subscriptions and sales of services.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 cost and 20% on reducing balance

Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial
instruments are initially recognised at transaction value and subsequently measured at settlement value.

Life membership
Life membership subscriptions are non refundable income of the company at the time of receipt. They are
written off to subscriptions in the accounts over a ten year period.

Page 4 continued...
London Press Club Limited(The) (Registered number: 02053919)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2016
and 31 December 2016 1,918
AMORTISATION
At 1 January 2016 1,728
Charge for year 190
At 31 December 2016 1,918
NET BOOK VALUE
At 31 December 2016 -
At 31 December 2015 190

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 14,471
DEPRECIATION
At 1 January 2016 14,234
Charge for year 47
At 31 December 2016 14,281
NET BOOK VALUE
At 31 December 2016 190
At 31 December 2015 237

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 35,714 29,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 5,520 3,123
VAT 23 404
Other creditors 854 6,732
6,397 10,259

Page 5 continued...
London Press Club Limited(The) (Registered number: 02053919)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Life membership 45 66

8. TRANSITION TO FRS 102

Prior to 1 January 2016 the company prepared its financial statements under previously extant UK GAAP. From
1 January 2016, the company has elected to present its annual financial statements in accordance with FRS 102
Section 1A and the Companies Act 2006.

In preparing the accounts, the directors have considered whether in applying the accounting policies required by
FRS 102 Section 1A a restatement of comparative items was needed. No restatements were required.

Page 6