Abbreviated Company Accounts - PENINSULAR LEISURE LIMITED

PENINSULAR LEISURE LIMITED - Company Information

Registered Number 03562605

PENINSULAR LEISURE LIMITED

Abbreviated Accounts

31 May 2014

PENINSULAR LEISURE LIMITED Registered Number 03562605

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments	2	52,934	112,934
		52,934	112,934
Current assets
Stocks		-	-
Debtors		-	-
Investments		-	-
Cash at bank and in hand		8,200	158,333
		8,200	158,333
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(28,968)	(176,637)
Net current assets (liabilities)		(20,768)	(18,304)
Total assets less current liabilities		32,166	94,630
Creditors: amounts falling due after more than one year		0	(57,451)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		32,166	37,179
Capital and reserves
Called up share capital		50,000	50,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(17,834)	(12,821)
Shareholders' funds		32,166	37,179

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2014

And signed on their behalf by:
Michael John Cafferkey, Director
Michael John Cafferkey, Director

PENINSULAR LEISURE LIMITED Registered Number 03562605

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2Fixed assets Investments
This represents investments in Spanish companies after making provision for loss in value. These investments are being sold.

The directors are satisfied that the current value of these holding exceeds their original cost.