Premier Leisure Limited,Ltd - AccountsLtd - Accounts

Premier Leisure Limited,Ltd - AccountsLtd - Accounts

PREMIER LEISURE LIMITED - Company Information

Print Friendly Version

2018-09-01 06330785 2019-08-31 06330785 2018-09-01 2019-08-31 06330785 2018-08-31 06330785 2017-09-01 2018-08-31 06330785 uk-core:WithinOneYear 2018-08-31 06330785 uk-core:WithinOneYear 2019-08-31 06330785 uk-core:AfterOneYear 2018-08-31 06330785 uk-core:AfterOneYear 2019-08-31 06330785 uk-core:ShareCapital 2019-08-31 06330785 uk-core:ShareCapital 2018-08-31 06330785 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 06330785 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 06330785 uk-bus:Director1 2018-09-01 2019-08-31 06330785 uk-core:Buildings 2018-09-01 2019-08-31 06330785 uk-core:CommercialMotorVehicles 2018-09-01 2019-08-31 06330785 uk-core:FurnitureFittings 2018-09-01 2019-08-31 06330785 uk-core:FurnitureFittings 2018-08-31 06330785 uk-core:Buildings 2018-08-31 06330785 uk-core:Buildings 2019-08-31 06330785 uk-core:FurnitureFittings 2019-08-31 06330785 uk-core:WithinOneYear uk-core:Secured 2019-08-31 06330785 uk-core:WithinOneYear uk-core:Secured 2018-08-31 iso4217:GBP xbrli:pure 06330785 uk-bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 06330785 uk-bus:FRS102 2018-09-01 2019-08-31 06330785 uk-bus:FullAccounts 2018-09-01 2019-08-31 06330785 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
Premier Leisure Limited
Registered Number:06330785
For the year ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2019
Premier Leisure Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 August 2019
Premier Leisure Limited
Statement of Financial Position
Registered Number :
06330785
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
2,717,015
2,072,294
2
2,717,015
2,072,294
Current assets
Trade and other receivables
449,701
386,951
3
12,694
Cash and cash equivalents
14,833
401,784
462,395
Trade and other payables: amounts falling due within one
year
(500,325)
(680,923)
4
(37,930)
(279,139)
Net current liabilities
Total assets less current liabilities
2,437,876
2,034,364
Trade and other payables: amounts falling due after more
than one year
(827,066)
(930,523)
5
1,507,353
Net assets
1,207,298
Capital and reserves
Called up share capital
100
100
Retained earnings
1,507,253
1,207,198
1,507,353
1,207,298
Shareholders' funds
For the year ended 31 August 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
For the year ended 31 August 2019
Premier Leisure Limited
Statement of Financial Position Continued
Mr Satnam Singh Director
These financial statements were approved and authorised for issue by the Board on 21 February 2020 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 August 2019
Premier Leisure Limited
Notes to the Financial Statements
Statutory Information
Premier Leisure Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06330785.
Registered address:
35 Dean Road
South Shields
Tyne & Wear
NE33 4EA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historic cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 5
6
For the year ended 31 August 2019
Premier Leisure Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Land and
buildings
£
£
£
Cost or
valuation
At 01 September 2018
2,290,360
210,635
2,079,725
750,196
9,700
740,496
Additions
At 31 August 2019
2,820,221
220,335
3,040,556
Provision for depreciation and impairment
At 01 September 2018
218,066
24,049
194,017
Charge for year
105,475
49,071
56,404
At 31 August 2019
323,541
73,120
250,421
At 31 August 2019
Net book value
2,569,800
147,215
2,717,015
At 31 August 2018
1,885,708
186,586
2,072,294
3. Trade and other receivables
2018
2019
£
£
Other debtors
386,951
449,701
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
20,000
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft (secured)
76,121
94,429
Taxation and social security
122,120
43,797
Other creditors
482,682
362,099
680,923
500,325
4 of 5
7
For the year ended 31 August 2019
Premier Leisure Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft (secured)
725,523
622,066
Other creditors
205,000
205,000
930,523
827,066
6. Average number of persons employed
During the year the average number of employees was 0
5 of 5