Macelands Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05252877 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

MACELANDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Mace

SECRETARY:

Mr J Mace

REGISTERED OFFICE:

Unit 10, Farfield Park

Manvers Way

Wath-Upon-Dearne

Rotherham

South Yorkshire

S63 5DB

REGISTERED NUMBER:

05252877 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

2

204,414

123,443

CURRENT ASSETS

Stocks

-

5,000

Debtors

940

2

Cash at bank

11,082

1,612

12,022

6,614

CREDITORS

Amounts falling due within one year

278,146

129,681

NET CURRENT LIABILITIES

(266,124

)

(123,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(61,710

)

376

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(61,712

)

374

SHAREHOLDERS' FUNDS

(61,710

)

376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the director on 27 August 2014 and were signed by:

Mr J Mace - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company's liabilities exceed its assets.

From review of the company's current financial position the company is dependent upon

the financial support of its director-shareholder Mr J Mace.

Mr J Mace has indicated a willingness to support the company financially for the

foreseeable future represented by amounts owing to him disclosed at note 10.

As such the director is of the opinion that the company will be able to finance its operations

and other obligations for a period of at least 12 months from the date of approval of these

financial statements and is of the opinion that it is correct to prepare these on a going

concern basis.

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 April 2008).

Turnover

Turnover represents bar sales, restaurant sales, gaming machine income, room hire and

other related income recorded when receivable.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Stocks

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

for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity

instruments. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

124,795

Additions

89,449

At 30 November 2013

214,244

DEPRECIATION

At 1 December 2012

1,352

Charge for year

8,478

At 30 November 2013

9,830

NET BOOK VALUE

At 30 November 2013

204,414

At 30 November 2012

123,443

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

2

Ordinary

£1

2

2