Knowesgate Leisure Limited Filleted accounts for Companies House (small and micro)

KNOWESGATE LEISURE LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-12-01 Sage Accounts Production Advanced 2018 Update 1 - FRS xbrli:pure xbrli:shares iso4217:GBP 03464086 2017-12-01 2019-05-31 03464086 2019-05-31 03464086 2017-11-30 03464086 bus:Director1 2017-12-01 2019-05-31 03464086 core:WithinOneYear 2019-05-31 03464086 core:WithinOneYear 2017-11-30 03464086 core:ShareCapital 2019-05-31 03464086 core:ShareCapital 2017-11-30 03464086 core:RetainedEarningsAccumulatedLosses 2019-05-31 03464086 core:RetainedEarningsAccumulatedLosses 2017-11-30 03464086 bus:SmallEntities 2017-12-01 2019-05-31 03464086 bus:AuditExempt-NoAccountantsReport 2017-12-01 2019-05-31 03464086 bus:FullAccounts 2017-12-01 2019-05-31 03464086 bus:SmallCompaniesRegimeForAccounts 2017-12-01 2019-05-31 03464086 bus:PrivateLimitedCompanyLtd 2017-12-01 2019-05-31

COMPANY REGISTRATION NUMBER: 03464086

Knowesgate Leisure Limited

Filleted Unaudited Financial Statements

31 May 2019

Knowesgate Leisure Limited

Financial Statements

Period from 1 December 2017 to 31 May 2019

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Knowesgate Leisure Limited

Statement of Financial Position

31 May 2019

	31 May 19	30 Nov 17
Note	£	£

Current assets

Debtors	4	132	–
Cash at bank and in hand		31,630	37,468
		--------	--------
		31,762	37,468

Creditors: amounts falling due within one year	5	7,061	12,203
		--------	--------
Net current assets		24,701	25,265
		--------	--------
Total assets less current liabilities		24,701	25,265
		--------	--------
Net assets		24,701	25,265
		--------	--------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	14,701	15,265
	--------	--------
Shareholders funds	24,701	25,265
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 June 2019 , and are signed on behalf of the board by:

Mr P Macklam
Director

Company registration number: 03464086

Knowesgate Leisure Limited

Notes to the Financial Statements

Period from 1 December 2017 to 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Mickley Farmhouse, High Mickley, Stocksfield, Northumberland, NE43 7LU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

4. Debtors

	31 May 19	30 Nov 17
	£	£
Other debtors	132	–
	----	----

5. Creditors: amounts falling due within one year

	31 May 19	30 Nov 17
	£	£
Corporation tax	–	5,742
Other creditors	7,061	6,461
	-------	--------
	7,061	12,203
	-------	--------