Activity Play Ltd Company accounts

ACTIVITY PLAY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01012346

Activity Play Ltd

Unaudited Financial Statements

31 March 2019

Activity Play Ltd

Financial Statements

Year ended 31 March 2019

Contents	Page

Directors' report	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	5

Activity Play Ltd

Directors' Report

Year ended 31 March 2019

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2019 .

Directors

The directors who served the company during the year were as follows:

J Partington
T Partington

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 8 September 2019 and signed on behalf of the board by:

J Partington	Paul J Charles
Director	Company Secretary

Registered office:

Berkeley Coach House

Woods Hill

Limpley Stoke

BATH

United Kingdom

BA2 7FS

Activity Play Ltd

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Activity Play Ltd

Year ended 31 March 2019

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2019, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

BEECHLANDS ACCOUNTANCY SERVICES Accountants

Berkeley Coach House Woods Hill Limpley Stoke BATH WILTS BA2 7FS

8 September 2019

Activity Play Ltd

Statement of Income and Retained Earnings

Year ended 31 March 2019

	2019	2018
Note	£	£

Administrative expenses	33,781	29,811
Other operating income	44,060	39,437
	--------	--------
Operating profit	10,279	9,626

		--------	--------
Profit before taxation	5	10,279	9,626

Tax on profit	( 30)	4,300
	--------	-------
Profit for the financial year and total comprehensive income	10,309	5,326
	--------	-------

Dividends paid and payable	( 16,911)	( 13,514)

Retained earnings at the start of the year	28,965	37,153
	--------	--------
Retained earnings at the end of the year	22,363	28,965
	--------	--------

All the activities of the company are from continuing operations.

Activity Play Ltd

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	6		614,820	624,000

Current assets

Debtors	7	–	2,100
Cash at bank and in hand		34,566	42,756
		--------	--------
		34,566	44,856

Creditors: amounts falling due within one year	8	131,536		144,404
		---------		---------
Net current liabilities			96,970	99,548
			---------	---------
Total assets less current liabilities			517,850	524,452
			---------	---------
Net assets			517,850	524,452
			---------	---------

Capital and reserves

Called up share capital	100	100
Revaluation reserve	495,387	495,387
Profit and loss account	22,363	28,965
	---------	---------
Shareholders funds	517,850	524,452
	---------	---------

These financial statements have been prepared 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'.

For the year ending 31 March 2019 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 financial statements were approved by the board of directors and authorised for issue on 8 September 2019 , and are signed on behalf of the board by:

J Partington
Director

Company registration number: 01012346

Activity Play Ltd

Notes to the Financial Statements

Year ended 31 March 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 Berkeley Coach House, Woods Hill, Limpley Stoke, BATH, BA2 7FS, United Kingdom.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2018: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2019	2018
	£	£
Depreciation of tangible assets	13,673	13,000
	--------	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2018	650,000	–	650,000
Additions	–	4,493	4,493
	---------	-------	---------
At 31 March 2019	650,000	4,493	654,493
	---------	-------	---------
Depreciation
At 1 April 2018	26,000	–	26,000
Charge for the year	13,000	673	13,673
	---------	-------	---------
At 31 March 2019	39,000	673	39,673
	---------	-------	---------
Carrying amount
At 31 March 2019	611,000	3,820	614,820
	---------	-------	---------
At 31 March 2018	624,000	–	624,000
	---------	-------	---------

7. Debtors

	2019	2018
	£	£
Trade debtors	–	2,100
	----	-------

8. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	127,536	138,613
Other creditors	4,000	5,791
	---------	---------
	131,536	144,404
	---------	---------

9. Related party transactions

The company was under the control of Mr J Partington throughout the current and previous year. Mr J Partington is the managing director. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.