Northwind Leisure (Carlisle) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC470331 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Northwind Leisure (Carlisle) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ian J McDermott

Barry J McDermott

REGISTERED OFFICE:

Soccerworld

20 Croftcroighn Road

Ruchazie

Glasgow

G33 3SE

REGISTERED NUMBER:

SC470331 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

628,374

671,016

CURRENT ASSETS

Stock

-

650

Debtors

5

63

240,563

Cash at bank and in hand

23,477

6,929

23,540

248,142

CREDITORS

Amounts falling due within one year

6

34,419

219,997

NET CURRENT (LIABILITIES)/ASSETS

(10,879

)

28,145

TOTAL ASSETS LESS CURRENT LIABILITIES

617,495

699,161

CREDITORS

Amounts falling due after more than one year

7

557,918

586,785

NET ASSETS

59,577

112,376

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

59,477

112,276

SHAREHOLDERS' FUNDS

59,577

112,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2020 and were signed on its behalf by:

Ian J McDermott - Director

1.	STATUTORY INFORMATION

Northwind Leisure (Carlisle) Limited is a private company, limited by shares , registered in Scotland.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Integral features

-

7% on cost

Fittings and equipment

-

7% on cost

Stocks

Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable

or payable within one year, are recorded at transaction price. Any losses arising from impairment are

recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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 12 (2018 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Heritable

Integral

and

property

features

equipment

Totals

£

£

£

£

COST

At 1 January 2019

and 31 December 2019

150,983

27,297

581,876

760,156

DEPRECIATION

At 1 January 2019

-

3,995

85,145

89,140

Charge for year

-

1,911

40,731

42,642

At 31 December 2019

-

5,906

125,876

131,782

NET BOOK VALUE

At 31 December 2019

150,983

21,391

456,000

628,374

At 31 December 2018

150,983

23,302

496,731

671,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

63

240,563

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

27,670

27,670

Trade creditors

1,008

-

Taxation and social security

3,359

31,597

Other creditors

2,382

160,730

34,419

219,997

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans

557,918

586,785

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

447,235

476,102

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.19

31.12.18

£

£

Bank loans

585,588

614,455

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

100

Ordinary

£1

100

100