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Registered Number : 00026224
England and Wales

 

 

 

THE EDGELEY CONSERVATIVE CLUB COMPANY LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 October 2015

End date: 30 September 2016
 
 
Notes
 
2016
£
  2015
£
Fixed assets      
Tangible fixed assets 2 130,000    130,000 
130,000    130,000 
Current assets      
Debtors 1,483    2,123 
Cash at bank and in hand 12,400    13,673 
13,883    15,796 
Creditors: amount falling due within one year (960)   (1,759)
Net current assets 12,923    14,037 
Total assets less current liabilities 142,923    144,037 
Net assets 142,923    144,037 

Capital and reserves
     
Called up share capital 3 518    513 
Reserves 128,870    128,870 
Profit and loss account 13,535    14,654 
Shareholders funds 142,923    144,037 


For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
Signed on behalf of the board of directors


--------------------------------
Elizabeth Anne Mather
Director
--------------------------------
Kathleen Potts MBE
Director

Date approved by the board: 01 June 2017
1
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Change in accounting policy
These accounts have been prepared under FRSSE effective January 2015. The comparative accounts have been prepared under FRSSE April 2008. The change in accounting policy has resulted in no changes to the comparative figures.
Statement of cash flows
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard fro Smaller Entities (effective January 2015).
Turnover
Turnover relates to rental income which is accounted for under the receivable basis.
Taxation
Corporation Tax payable is provided for at current UK rates being 20%.
Tangible fixed assets
See policy for investment properties.
Land and Buildings 0 Reducing Balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.


Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost or Valuation Land and Buildings   Total
  £   £
At 01 October 2015 130,000    130,000 
Additions -    - 
Disposals -    - 
At 30 September 2016 130,000    130,000 
Depreciation
At 01 October 2015 -    - 
Charge for year -    - 
On disposals -    - 
At 30 September 2016 -    - 
Net book values
At 30 September 2016 130,000    130,000 
At 01 October 2015 130,000    130,000 

Tangible fixed assets
The land and buildings were revalued by Messrs.Garner & Sons, Chartered Surveyors, on the 2nd May 2001 at £130,000. The directors consider the land and buildings have the same or greater value at the 30th September 2015. The property has not been depreciated, in accordance with the accounting policies.

Cost or valuation at 30th September 2016 is presented by land and buildings comprising cost of £1,130, together with an uplift in valuation in 1994 of £93,870, together with a further uplift in valuation in 2001 of £35,000, totalling £130,000.

If freehold land and buildings had not been revalued they would have been included at a historical cost of £1,130 as at 30th September 2016 (£1,130 - 2015).

3.

Share Capital

Allotted
2016
£
  2015
£
518 Class A shares of £1.00 each 518    513 
518    513 

2