Company Registration No. 01183633 (England and Wales)
LUNESDALE FOXHOUNDS LIMITED
COMPANY LIMITED BY GUARANTEE
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
LUNESDALE FOXHOUNDS LIMITED
COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
LUNESDALE FOXHOUNDS LIMITED
COMPANY LIMITED BY GUARANTEE
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LUNESDALE FOXHOUNDS LIMITED FOR THE YEAR ENDED 31 MAY 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lunesdale Foxhounds Limited for the year ended 31 May 2016 set out on pages 2 to 3 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Lunesdale Foxhounds Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lunesdale Foxhounds Limited and state those matters that we have agreed to state to the Board of Directors of Lunesdale Foxhounds Limited, 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 Lunesdale Foxhounds Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Lunesdale Foxhounds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Lunesdale Foxhounds Limited. You consider that Lunesdale Foxhounds Limited 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 financial statements of Lunesdale Foxhounds Limited. 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 financial statements.
Moore and Smalley LLP
Chartered Accountants
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL
8 December 2016
LUNESDALE FOXHOUNDS LIMITED
COMPANY LIMITED BY GUARANTEE
ABBREVIATED BALANCE SHEET
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,375
1,872
Current assets
Debtors
7,259
10,008
Cash at bank and in hand
20,306
24,036
27,565
34,044
Creditors: amounts falling due within one year
(1,180)
(2,299)
Net current assets
26,385
31,745
Total assets less current liabilities
27,760
33,617
Capital and reserves
Profit and loss account
27,760
33,617
Shareholders' funds
27,760
33,617
For the financial year ended 31 May 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 13 August 2016
Miss E R Stanford Davis
Mr M Robinson
Director
Director
Company Registration No. 01183633
LUNESDALE FOXHOUNDS LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
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).
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
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Freehold property improv's
10 years straight line
Plant and machinery
10 years straight line
Motor vehicles
25% reducing balance
1.4
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
1.5
Other operating income is recognised when receivable.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
11,989
Depreciation
At 1 June 2015
10,117
Charge for the year
497
At 31 May 2016
10,614
Net book value
At 31 May 2016
1,375
At 31 May 2015
1,872