Cherwell Edge Golf Club Limited - Limited company - abbreviated - 11.6

Cherwell Edge Golf Club Limited - Limited company - abbreviated - 11.6

CHERWELL EDGE GOLF CLUB LTD - Company Information

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REGISTERED NUMBER: 02788564 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

CHERWELL EDGE GOLF CLUB LIMITED

CHERWELL EDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 02788564)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CHERWELL EDGE GOLF CLUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: J Gallant
P Richards
Mrs L Gallant-Barnes





SECRETARY: J Gallant





REGISTERED OFFICE: Chacombe
Banbury
Oxfordshire
OX17 2EN





REGISTERED NUMBER: 02788564 (England and Wales)





ACCOUNTANTS: Lustigman & Company
Chartered Accountants
Manor House
27 Manor Park Crescent
Edgware
Middlesex
HA8 7NH
Page 1
CHERWELL EDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 02788564)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 1,753,061 1,746,972
1,753,062 1,746,973

CURRENT ASSETS
Stocks 24,707 22,415
Debtors 4,112 23,313
Cash at bank and in hand 38,830 56,247
67,649 101,975
CREDITORS
Amounts falling due within one year 1,705,208 1,703,071
NET CURRENT LIABILITIES (1,637,559 ) (1,601,096 )
TOTAL ASSETS LESS CURRENT LIABILITIES 115,503 145,877

CAPITAL AND RESERVES
Called up share capital 4 50,000 50,000
Profit and loss account 65,503 95,877
SHAREHOLDERS' FUNDS 115,503 145,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 24 December 2014 and were signed on
its behalf by:





J Gallant - Director


The notes form part of these abbreviated accounts

Page 2
CHERWELL EDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 02788564)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

Land and buildings - Amortised over the length of the lease.
Plant and machinery etc - 20% on cost

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

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

Depreciation policy
It is not considered necessarily to provide depreciation for this year.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 135,731
AMORTISATION
At 1 April 2013
and 31 March 2014 135,730
NET BOOK VALUE

At 31 March 2014 1
At 31 March 2013 1

Page 3 continued...
CHERWELL EDGE GOLF CLUB LIMITED (REGISTERED NUMBER: 02788564)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 2,343,021
Additions 25,887
At 31 March 2014 2,368,908
DEPRECIATION
At 1 April 2013 596,049
Charge for year 19,798
At 31 March 2014 615,847
NET BOOK VALUE
At 31 March 2014 1,753,061
At 31 March 2013 1,746,972

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
50,000 Ordinary 1.00 50,000 50,000

Page 4