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 2014

NORFOLK SKI CLUB LIMITED(THE) Registered Number 01794099

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	3	355,935	366,465
		355,935	366,465
Current assets
Stocks		3,157	3,317
Debtors		20,043	18,138
Cash at bank and in hand		382,311	426,774
		405,511	448,229
Creditors: amounts falling due within one year		(56,571)	(59,965)
Net current assets (liabilities)		348,940	388,264
Total assets less current liabilities		704,875	754,729
Total net assets (liabilities)		704,875	754,729
Reserves
Other reserves		613,951	663,805
Income and expenditure account		90,924	90,924
Members' funds		704,875	754,729

For the year ending 30 April 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 16 September 2014

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 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 is derived from the total value of goods and services provided during the period, exclusive of Value Added tax.

Tangible assets depreciation policy
The lease and property improvements are written off over the period of the lease
Ski slope and lifts - 7 years straight line
Other equipment - 5 years straight line

Valuation information and policy
Stock
Stock is valued at the lower of cost or net realisable value

Other accounting policies
Taxation
As the company confines its activities to members and is registered as a CASC with HM Revenue & Customs, no taxation liability arises on the company'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 2013	2,324,484
Additions	29,944
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	2,354,428
Depreciation
At 1 May 2013	1,958,019
Charge for the year	40,474
On disposals	-
At 30 April 2014	1,998,493
Net book values
At 30 April 2014	355,935
At 30 April 2013	366,465