back to CLEVEDON CONSTITUTIONAL CLUB COMPANY LIMITED(THE) detail Clevedon Constitutional Club Company Ltd - Period Ending 2017-01-31
Clevedon Constitutional Club Company Ltd 00052016 false 2016-02-01 2017-01-31 2017-01-31 The principal activity of the company is that of freehold property leasing Digita Accounts Production Advanced 6.18.8247.0 Software true 00052016 2016-02-01 2017-01-31 00052016 2017-01-31 00052016 core:OtherReservesSubtotal 2017-01-31 00052016 core:RetainedEarningsAccumulatedLosses 2017-01-31 00052016 core:ShareCapital 2017-01-31 00052016 core:CurrentFinancialInstruments 2017-01-31 00052016 core:CurrentFinancialInstruments core:WithinOneYear 2017-01-31 00052016 core:Non-currentFinancialInstruments core:AfterOneYear 2017-01-31 00052016 bus:SmallEntities 2016-02-01 2017-01-31 00052016 bus:AuditExemptWithAccountantsReport 2016-02-01 2017-01-31 00052016 bus:FullAccounts 2016-02-01 2017-01-31 00052016 bus:RegisteredOffice 2016-02-01 2017-01-31 00052016 bus:CompanySecretaryDirector1 2016-02-01 2017-01-31 00052016 bus:Director13 2016-02-01 2017-01-31 00052016 bus:Director3 2016-02-01 2017-01-31 00052016 bus:Director4 2016-02-01 2017-01-31 00052016 bus:Director7 2016-02-01 2017-01-31 00052016 bus:Director9 2016-02-01 2017-01-31 00052016 bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 00052016 bus:Agent1 2016-02-01 2017-01-31 00052016 countries:AllCountries 2016-02-01 2017-01-31 00052016 2016-01-31 00052016 2015-02-01 2016-01-31 00052016 2016-01-31 00052016 core:OtherReservesSubtotal 2016-01-31 00052016 core:RetainedEarningsAccumulatedLosses 2016-01-31 00052016 core:ShareCapital 2016-01-31 00052016 core:CurrentFinancialInstruments 2016-01-31 00052016 core:CurrentFinancialInstruments core:WithinOneYear 2016-01-31 00052016 core:Non-currentFinancialInstruments core:AfterOneYear 2016-01-31 iso4217:GBP xbrli:pure

Registration number: 00052016

Clevedon Constitutional Club Company Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Clevedon Constitutional Club Company Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Financial Statements

5 to 8

 

Clevedon Constitutional Club Company Ltd

Company Information

Directors

S C Ball

H A Reed

C J Edgell

D C Blackall

A W Hockerday

N R Coles

Company secretary

S C Ball

Registered office

2 Kenn Road
Clevedon
North Somerset
BS21 6EL

Accountants

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Clevedon Constitutional Club Company Ltd
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clevedon Constitutional Club Company Ltd for the year ended 31 January 2017 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Clevedon Constitutional Club Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Clevedon Constitutional Club Company Ltd and state those matters that we have agreed to state to the Board of Directors of Clevedon Constitutional Club Company Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clevedon Constitutional Club Company Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Clevedon Constitutional Club Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clevedon Constitutional Club Company Ltd. You consider that Clevedon Constitutional Club Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Clevedon Constitutional Club Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

12 October 2017

 

Clevedon Constitutional Club Company Ltd

(Registration number: 00052016)
Balance Sheet as at 31 January 2017

Note

2017
£

2016
£

Fixed assets

 

Investment property

4

1,825,000

1,825,000

Current assets

 

Debtors

5

4,138

4,138

Cash at bank and in hand

 

5,175

4,372

 

9,313

8,510

Creditors: Amounts falling due within one year

6

(737)

(396)

Net current assets

 

8,576

8,114

Total assets less current liabilities

 

1,833,576

1,833,114

Creditors: Amounts falling due after more than one year

6

(11,591)

(11,591)

Net assets

 

1,821,985

1,821,523

Capital and reserves

 

Called up share capital

1,263

1,263

Other reserves

106

106

Profit and loss account

1,820,616

1,820,154

Total equity

 

1,821,985

1,821,523

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Clevedon Constitutional Club Company Ltd

(Registration number: 00052016)
Balance Sheet as at 31 January 2017

Approved and authorised by the Board on 12 October 2017 and signed on its behalf by:
 

.........................................

S C Ball

Company secretary and director

 

Clevedon Constitutional Club Company Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
2 Kenn Road
Clevedon
North Somerset
BS21 6EL

These financial statements were authorised for issue by the Board on 12 October 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices by the directors for comparable real estate. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Clevedon Constitutional Club Company Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2016 - 6).

4

Investment properties

2017
£

At 1 February

1,825,000

The properties were last valued by an independent valuer in 2006. The value determined by the independent valuer is believed by the Directors to be the same as the Fair Value at the balance sheet date.

5

Debtors

2017
£

2016
£

Other debtors

4,138

4,138

Total current trade and other debtors

4,138

4,138

6

Creditors

Note

2017
£

2016
£

Due within one year

 

Other creditors

 

737

396

Due after one year

 

Other non-current financial liabilities

 

11,591

11,591

 

Clevedon Constitutional Club Company Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

7

Transition to FRS 102

Under FRS102 the revaluation on investment properties has been recognised through the profit and loss account of £1,821,532. Under the previous accounting standard this was shown on a revaluation reserve.

Balance Sheet at 1 February 2015
 

Note

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Fixed assets

 

Tangible assets

 

1,825,000

-

-

1,825,000

Investments

 

217

-

-

217

 

1,825,217

-

-

1,825,217

Current assets

 

Debtors

 

4,138

-

-

4,138

Cash at bank and in hand

 

3,637

-

-

3,637

 

7,775

-

-

7,775

Creditors: Amounts falling due within one year

 

(489)

-

-

(489)

Net current assets

 

7,286

-

-

7,286

Total assets less current liabilities

 

1,832,503

-

-

1,832,503

Creditors: Amounts falling due after more than one year

 

(11,591)

-

-

(11,591)

Net assets

 

1,820,912

-

-

1,820,912

Capital and reserves

 

Called up share capital

 

1,263

-

-

1,263

Revaluation reserve

 

1,821,532

-

-

1,821,532

Other reserves

 

106

-

-

106

Profit and loss account

 

(1,989)

-

-

(1,989)

Total equity

 

1,820,912

-

-

1,820,912

 

Clevedon Constitutional Club Company Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

Balance Sheet at 31 January 2016
 

Note

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Fixed assets

 

Tangible assets

 

1,825,000

(1,825,000)

-

-

Investment property

 

-

1,825,000

-

1,825,000

 

1,825,000

-

-

1,825,000

Current assets

 

Debtors

 

4,138

-

-

4,138

Cash at bank and in hand

 

4,372

-

-

4,372

 

8,510

-

-

8,510

Creditors: Amounts falling due within one year

 

(397)

-

-

(397)

Net current assets

 

8,113

-

-

8,113

Total assets less current liabilities

 

1,833,113

-

-

1,833,113

Creditors: Amounts falling due after more than one year

 

(11,591)

-

-

(11,591)

Net assets

 

1,821,522

-

-

1,821,522

Capital and reserves

 

Called up share capital

 

1,263

-

-

1,263

Revaluation reserve

 

1,821,532

(1,821,532)

-

-

Other reserves

 

106

-

-

106

Profit and loss account

 

(1,379)

1,821,532

-

1,820,153

Total equity

 

1,821,522

-

-

1,821,522