Company Registration No. 01922742 (England and Wales)
ST ALBANS CITY FOOTBALL & ATHLETIC CLUB LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
Faulkner House
Victoria Street
Rayner Essex LLP
St Albans
Chartered Accountants
Herts
AL1 3SE
ST ALBANS CITY FOOTBALL & ATHLETIC CLUB LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ST ALBANS CITY FOOTBALL & ATHLETIC CLUB LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
9,145
16,408
Current assets
Debtors
11,755
22,347
Cash at bank and in hand
20,010
30,060
31,765
52,407
Creditors: amounts falling due within one year
(79,280)
(70,331)
Net current liabilities
(47,515)
(17,924)
Total assets less current liabilities
(38,370)
(1,516)
Creditors: amounts falling due after more than one year
(498,584)
(431,795)
(536,954)
(433,311)
Capital and reserves
Called up share capital
3
630,000
630,000
Profit and loss account
(1,166,954)
(1,063,311)
Shareholders' funds
(536,954)
(433,311)
For the financial year ended 30 June 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 March 2017
Mr J McGowan
Mr L M Levy
Director
Director
Company Registration No. 01922742
ST ALBANS CITY FOOTBALL & ATHLETIC CLUB LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company
is supported by a loan from the holding company, Hertfordshire Sports Holdings Limited
.
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the
loan
by the
holding company
.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Buildings improvements
5% straight line
Fixtures, fittings & equipment
15% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015 & at 30 June 2016
159,684
Depreciation
At 1 July 2015
143,276
Charge for the year
7,263
At 30 June 2016
150,539
Net book value
At 30 June 2016
9,145
At 30 June 2015
16,408
ST ALBANS CITY FOOTBALL & ATHLETIC CLUB LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
630,000 ordinary shares of £1 each
630,000
630,000