The Fosse Golf Company (Leicester) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00077415 (England and Wales)

THE FOSSE GOLF COMPANY (LEICESTER) LTD

Financial Statements

for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D W Godfrey

M M Potter

M Bishop

N Bathia

S R Marriott

SECRETARY:

N Bathia

REGISTERED OFFICE:

Station Road

Birstall

Leicester

LE4 3BB

REGISTERED NUMBER:

00077415 (England and Wales)

ACCOUNTANTS:

Accapita LLP

Chartered Certified Accountants

Christopher House

94b London Road

Leicester

LE2 0QS

FIXED ASSETS

Tangible assets

3

197,108

211,786

CURRENT ASSETS

Cash at bank

83,947

74,872

CREDITORS

Amounts falling due within one year

4

127,351

118,431

NET CURRENT LIABILITIES

(43,404

)

(43,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,704

168,227

CREDITORS

Amounts falling due after more than one year

5

79,171

96,809

NET ASSETS

74,533

71,418

CAPITAL AND RESERVES

Called up share capital

868

868

Retained earnings

73,665

70,550

SHAREHOLDERS' FUNDS

74,533

71,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 February 2019 and were signed on its behalf by:

M M Potter - Director

1.	STATUTORY INFORMATION

The Fosse Golf Company (Leicester) Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable from Birstall Golf Club for use of the land and compound

development, excluding value added tax.

Tangible fixed assets

In accordance with Statement of Standard Accounting Practice 19 no depreciation is provided in

respect of the original cost of the freehold investment property. The directors consider that this

accounting policy results in the accounts giving a true and fair view because the residual value is

always expected to exceed original cost. It is not the policy of the directors to carry out an annual

revaluation of the property as required by that statement. The additions relate to the compound and

are being depreciated at 5% per annum.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2018

and 31 December 2018

318,609

DEPRECIATION

At 1 January 2018

106,823

Charge for year

14,678

At 31 December 2018

121,501

NET BOOK VALUE

At 31 December 2018

197,108

At 31 December 2017

211,786

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

18,147

17,471

Taxation and social security

12,488

4,039

Other creditors

96,716

96,921

127,351

118,431

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

79,171

96,809

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

97,318

114,280

The bank loan is secured by a first fixed legal charge on all the land and buildings of The Fosse Golf

Company (Leicester) Limited, and its associated assets.

7.	CURRENT ASSET INVESTMENTS

During 1997 the company received 250 ordinary shares in Alliance & Leicester plc at no cost on the

conversion of the Alliance & Leicester building society to a public limited company. These shares

were converted into 83 Shares in Banco Santander following its take over of Alliance & Leicester Plc

in 2008.

Market Values

2018

2017

£

£

Banco Santander

293

406