Springwood Haven Leisure Limited - Accounts to registrar (filleted) - small 18.2
Springwood Haven Leisure Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2019 |
| for |
| Springwood Haven Leisure Limited |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2019 |
| Page |
| Company Information | 1 |
| Income Statement | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| Springwood Haven Leisure Limited |
| Company Information |
| for the Year Ended 28 February 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 31 Dunns Close |
| Nuneaton |
| Warwickshire |
| CV11 4NF |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Income Statement |
| for the Year Ended 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 15,129 | 45,716 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Balance Sheet |
| 28 February 2019 |
| 28.2.19 | 28.2.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on by: |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2019 |
| 1. | STATUTORY INFORMATION |
| Springwood Haven Leisure Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Long leasehold | - |
| Narrowboats and fittings | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements | Narrowboats |
| Long | to | and |
| leasehold | property | fittings |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2018 |
| Additions |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 March 2018 |
| Additions |
| At 28 February 2019 |
| DEPRECIATION |
| At 1 March 2018 |
| Charge for year |
| At 28 February 2019 |
| NET BOOK VALUE |
| At 28 February 2019 |
| At 28 February 2018 |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 28 February 2019 is represented by: |
| Improvements | Narrowboats |
| Long | to | and |
| leasehold | property | fittings |
| £ | £ | £ |
| Valuation in 2009 | - | - | 65,000 |
| Cost | 53,207 | 4,000 | - |
| 53,207 | 4,000 | 65,000 |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Valuation in 2009 | - | - | 65,000 |
| Cost | 136,935 | 25,828 | 219,970 |
| 136,935 | 25,828 | 284,970 |
| If Narrowboats and fittings had not been revalued they would have been included at the following historical cost: |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Cost | 46,065 | 46,065 |
| Narrowboats and fittings were valued on a market basis on 28 February 2009 by the directors. . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Trade creditors |
| Amounts owed to participating interests | 9,703 | 22,703 |
| Taxation and social security |
| Other creditors |
| Springwood Haven Leisure Limited (Registered number: 03984683) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2019 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2018 |
| and 28 February 2019 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 28 February 2019 and |
| 28 February 2018: |
| 28.2.19 | 28.2.18 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors. |