Abbreviated Company Accounts - PORTSMOUTH HARBOUR TENNIS LTD

Abbreviated Company Accounts - PORTSMOUTH HARBOUR TENNIS LTD


Registered Number 08385366

PORTSMOUTH HARBOUR TENNIS LTD

Abbreviated Accounts

31 March 2014

PORTSMOUTH HARBOUR TENNIS LTD Registered Number 08385366

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 45,993 -
45,993 -
Current assets
Stocks 2,120 -
Cash at bank and in hand 23,204 11
25,324 11
Creditors: amounts falling due within one year (72,809) -
Net current assets (liabilities) (47,485) 11
Total assets less current liabilities (1,492) 11
Total net assets (liabilities) (1,492) 11
Capital and reserves
Called up share capital 3 11 11
Profit and loss account (1,503) -
Shareholders' funds (1,492) 11
  • For the year ending 31 March 2014 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 19 December 2014

And signed on their behalf by:
MRS T T J BAKER, Director

PORTSMOUTH HARBOUR TENNIS LTD Registered Number 08385366

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold property - Straight line over 15 years

Fixtures, fittings and equipment - 25% Reducing balance method

2Tangible fixed assets
£
Cost
At 1 April 2013 0
Additions 50,325
Disposals -
Revaluations -
Transfers -
At 31 March 2014 50,325
Depreciation
At 1 April 2013 0
Charge for the year 4,332
On disposals -
At 31 March 2014 4,332
Net book values
At 31 March 2014 45,993
At 31 March 2013 0
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
10Ordinary shares of £1 each 10 10
1B Ordinary shares of £1 each 1 1