Bigbury Bay Golf Club Trading Limited - Accounts to registrar (filleted) - small 18.2
Bigbury Bay Golf Club Trading Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2020 |
FOR |
Bigbury Bay Golf Club Trading Limited |
Bigbury Bay Golf Club Trading Limited (Registered number: 10033894) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 29 February 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 5 |
Bigbury Bay Golf Club Trading Limited |
COMPANY INFORMATION |
for the year ended 29 February 2020 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
129 North Hill |
Plymouth |
Devon |
PL4 8JY |
Bigbury Bay Golf Club Trading Limited (Registered number: 10033894) |
BALANCE SHEET |
29 February 2020 |
2020 | 2019 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
Bigbury Bay Golf Club Trading Limited (Registered number: 10033894) |
BALANCE SHEET - continued |
29 February 2020 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bigbury Bay Golf Club Trading Limited (Registered number: 10033894) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 29 February 2020 |
1. | STATUTORY INFORMATION |
Bigbury Bay Golf Club Trading Limited is a |
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 |
Turnover |
Turnover is measured at the fair value of the consideration receivable, net of discounts and |
value added taxes. Turnover is derived from the rendering of services in terms of green fees |
which are recognised upon receipt and from the rent of a bungalow where rents are |
recognised for the period to which they relate. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & |
Loss Account, 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. |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), |
less any impairment losses for bad and doubtful debts. Loans and other financial assets are |
initially recognised at transaction price including any transaction costs and subsequently |
measured at amortised cost determined using the effective interest method, less any |
impairment losses for bad and doubtful debts. |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). |
Loans and other financial liabilities are initially recognised at transaction price net of any |
transaction costs and subsequently measured at amortised cost determined using the |
effective interest method. |
Bigbury Bay Golf Club Trading Limited (Registered number: 10033894) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 29 February 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | TANGIBLE FIXED ASSETS |
The company has no fixed assets. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary shares | £1 | 100 | 100 |
8. | RELATED PARTY DISCLOSURES |
During the year, the company paid a donation of £74,612 to it's parent company, Bigbury |
Bay Golf Club Limited. Bigbury Bay Golf Club Limited is recognised as a Community |
Amateur Sports Club. |
9. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Bigbury Bay Golf Club Limited. |