back to BURNLEY CRICKET CLUB LIMITED detail Burnley Cricket Club Limited - Period Ending 2016-09-30
Burnley Cricket Club Limited 00200977 false true 2015-10-01 2016-09-30 2016-09-30 00200977 2015-10-01 2016-09-30 00200977 2016-09-30 00200977 uk-bus:OrdinaryShareClass1 2016-09-30 00200977 uk-gaap:Subsidiary1 2016-09-30 00200977 uk-bus:Director7 2015-10-01 2016-09-30 00200977 uk-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 00200977 uk-gaap:Subsidiary1 2015-10-01 2016-09-30 00200977 uk-gaap:Subsidiary1 uk-countries:England 2015-10-01 2016-09-30 00200977 uk-gaap:FixturesFittings 2015-10-01 2016-09-30 00200977 uk-gaap:FixturesFittingsToolsEquipment 2015-10-01 2016-09-30 00200977 uk-gaap:LandBuildings 2015-10-01 2016-09-30 00200977 2015-09-30 00200977 2015-09-30 00200977 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00200977

Burnley Cricket Club Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

 

Burnley Cricket Club Limited
(Registration number: 00200977)
Abbreviated Balance Sheet at 30 September 2016

 

Note

   

2016
£

   

2015
£

 

Fixed assets

 

   

   

 

Tangible fixed assets

 

2

   

25,788

   

26,750

 

Investments

 

2

   

100

   

100

 

 

   

25,888

   

26,850

 

Current assets

 

   

   

 

Stocks

 

   

1,070

   

1,280

 

Debtors

 

   

1,200

   

453

 

Cash at bank and in hand

 

   

33,508

   

27,452

 

 

   

35,778

   

29,185

 

Creditors: Amounts falling due within one year

 

   

(22,280)

   

(28,160)

 

Net current assets

 

   

13,498

   

1,025

 

Net assets

 

   

39,386

   

27,875

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

5,996

   

5,996

 

Profit and loss account

 

   

33,390

   

21,879

 

Shareholders' funds

 

   

39,386

   

27,875

 

For the year ending 30 September 2016 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 10 February 2017 and signed on its behalf by:

.........................................
P T Broadhurst
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

 

Burnley Cricket Club Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the provision of goods and services in relation to income generated by the operation of a cricket club in the Lancashire League.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Freehold land

Not depreciated

Plant and machinery

10% per annum reducing balance

Pavilion and Scoreboard

1.7% of cost/ 10% per annum reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Burnley Cricket Club Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 October 2015

 

153,067

   

100

   

153,167

 

Additions

 

390

   

-

   

390

 

At 30 September 2016

 

153,457

   

100

   

153,557

 

Depreciation

                 

At 1 October 2015

 

126,317

   

-

   

126,317

 

Charge for the year

 

1,352

   

-

   

1,352

 

At 30 September 2016

 

127,669

   

-

   

127,669

 

Net book value

                 

At 30 September 2016

 

25,788

   

100

   

25,888

 

At 30 September 2015

 

26,750

   

100

   

26,850

 

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Burnley Cricket Club (Bar) Limited

England

Ordinary shares

100%

Licenced bar

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

5,996

   

5,996

   

5,996

   

5,996

 
                         
 

Burnley Cricket Club Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

4

Control

The company is controlled by no overall controlling party or parties as the company's shares are owned by a multitude of shareholders.