Theydon Bois Golf Club Limited - Accounts to registrar (filleted) - small 18.1
Theydon Bois Golf Club Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st August 2017 |
for |
Theydon Bois Golf Club Limited |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Contents of the Financial Statements |
for the Year Ended 31st August 2017 |
Page |
Company information | 1 |
Abridged statement of financial position | 2 |
Notes to the financial statements | 4 |
Theydon Bois Golf Club Limited |
Company Information |
for the Year Ended 31st August 2017 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Abacus House |
14-18 Forest Road |
Loughton |
Essex |
IG10 1DX |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Abridged Statement of Financial Position |
31st August 2017 |
2017 | 2016 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors |
Creditors |
Amounts falling due within one year | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
( |
) |
( |
) |
Net assets |
Reserves |
Income and expenditure account |
Members' funds |
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. |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Abridged Statement of Financial Position - continued |
31st August 2017 |
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 its behalf by: |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Notes to the Financial Statements |
for the Year Ended 31st August 2017 |
1. | Statutory information |
Theydon Bois Golf Club Limited is a |
and 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 |
Turnover |
Turnover represents monies received from subscriptions, green fees and other golf related items. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the |
period of the lease. |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2017 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Totals |
£ |
Cost |
At 1st September 2016 |
Additions |
At 31st August 2017 |
Depreciation |
At 1st September 2016 |
Charge for year |
At 31st August 2017 |
Net book value |
At 31st August 2017 |
At 31st August 2016 |
Included above are assets held under finance leases with a net book value amounting to £75,183 (2016 |
- £68,436) |
5. | Leasing agreements |
Minimum lease payments fall due as follows: |
Finance leases |
2017 | 2016 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable |
operating leases |
2017 | 2016 |
£ | £ |
Within one year |
Between one and five years |
Theydon Bois Golf Club Limited (Registered number: 00942941) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2017 |
6. | Secured debts |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank overdrafts |
The Club has a £100,000 overdraft facility with HSBC secured on the freehold property of the Club. |
7. | Capital commitments |
2017 | 2016 |
£ | £ |
Contracted but not provided for in the |
financial statements |
8. | Limited by guarantee |
The members' liability in the event of liquidation of the Company is limited to a maximum of £1 each |
which cannot extend beyond one year of cessation of membership. |