Registration number:
(A company limited by guarantee)
for the Year Ended
Exeter & District Ski Club Ltd
Contents
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Exeter & District Ski Club Ltd
Company Information
Directors |
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Company secretary |
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Registered office |
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Solicitors |
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Bankers |
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Accountants |
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Exeter & District Ski Club Ltd
Directors' Report for the Year Ended 30 June 2015
The directors present their report and the unaudited financial statements for the year ended 30 June 2015.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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C Bishop
Director
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D Blanchard
Director
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J C Redwood
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Exeter & District Ski Club Ltd
for the Year Ended 30 June 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Exeter & District Ski Club Ltd for the year ended 30 June 2015 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Exeter & District Ski Club 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 Exeter & District Ski Club Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exeter & District Ski Club Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Exeter & District Ski Club 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 Exeter & District Ski Club Ltd. You consider that Exeter & District Ski Club 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 Exeter & District Ski Club 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.
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David Frumin & Associates
Chartered Accountants
Queensgate House
Queen Street
Exeter
EX4 3SR
17 March 2016
Exeter & District Ski Club Ltd
Profit and Loss Account for the Year Ended 30 June 2015
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2015
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2014
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Turnover |
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Cost of sales |
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Gross profit/(loss) |
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Administrative expenses |
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Other operating income |
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Operating profit/(loss) |
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Other interest receivable and similar income |
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Profit/(loss) on ordinary activities before taxation |
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Tax on profit/(loss) on ordinary activities |
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- |
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Profit/(loss) for the financial year |
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4
Exeter & District Ski Club Ltd
(Registration number: 4902237)
Balance Sheet at 30 June 2015
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2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Profit and loss account |
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Shareholders' funds |
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5
Exeter & District Ski Club Ltd
(Registration number: 4902237)
Balance Sheet at 30 June 2015
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Approved and authorised for issue by the Board on
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C Bishop
Director
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D Blanchard
Director
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J C Redwood
Director
6
Exeter & District Ski Club Ltd
Notes to the Financial Statements for the Year Ended 30 June 2015
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Accounting policies |
Basis of preparation
Turnover
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 |
Ski slope |
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Ski lodge |
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Equipment |
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Stock
Hire purchase and leasing
Operating profit/(loss) |
Operating profit/(loss) is stated after charging:
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2014
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Depreciation of tangible fixed assets |
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Exeter & District Ski Club Ltd
Notes to the Financial Statements for the Year Ended 30 June 2015
......... continued
Taxation |
Tax on profit/(loss) on ordinary activities
2015
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2014
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Current tax |
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Corporation tax charge |
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Tangible fixed assets |
Ski slope
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Equipment
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Ski lodge
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Total
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Cost or valuation |
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At 1 July 2014 |
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Additions |
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At 30 June 2015 |
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Depreciation |
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At 1 July 2014 |
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Charge for the year |
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At 30 June 2015 |
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Net book value |
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At 30 June 2015 |
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At 30 June 2014 |
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Debtors |
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2014
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Trade debtors |
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Other debtors |
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Creditors: Amounts falling due within one year |
2015
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2014
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Trade creditors |
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Exeter & District Ski Club Ltd
Notes to the Financial Statements for the Year Ended 30 June 2015
......... continued
Company status |
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
Reserves |
Profit and loss account
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Total
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At 1 July 2014 |
86,511 |
86,511 |
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Profit for the year |
5,304 |
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At 30 June 2015 |
91,815 |
91,815 |
Commitments |
Operating lease commitments |
As at 30 June 2015 the company had annual commitments under non-cancellable operating leases as follows: |
Operating leases which expire: |
2015
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2014
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Within one year |
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Within two and five years |
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Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Exeter & District Ski Club Ltd
Notes to the Financial Statements for the Year Ended 30 June 2015
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