ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

MID WALES LEISURE (HOLDINGS) LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-10-312020-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22019-11-012Holding companytruefalsetrue 10327547 2019-11-01 2020-10-31 10327547 2018-11-01 2019-10-31 10327547 2020-10-31 10327547 2019-10-31 10327547 c:Director1 2019-11-01 2020-10-31 10327547 d:ShareCapital 2020-10-31 10327547 d:ShareCapital 2019-10-31 10327547 c:OrdinaryShareClass1 2019-11-01 2020-10-31 10327547 c:OrdinaryShareClass1 2020-10-31 10327547 c:OrdinaryShareClass1 2019-10-31 10327547 c:FRS102 2019-11-01 2020-10-31 10327547 c:AuditExempt-NoAccountantsReport 2019-11-01 2020-10-31 10327547 c:FullAccounts 2019-11-01 2020-10-31 10327547 c:PrivateLimitedCompanyLtd 2019-11-01 2020-10-31 10327547 6 2019-11-01 2020-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10327547










MID WALES LEISURE (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2020
 
MID WALES LEISURE (HOLDINGS) LIMITED
REGISTERED NUMBER: 10327547

BALANCE SHEET
AS AT 31 OCTOBER 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 5 
4
4

  
4
4

Current assets
  

Cash at bank and in hand
 6 
2
2

  
2
2

Total assets less current liabilities
  
 
 
6
 
 
6

  

Net assets
  
6
6


Capital and reserves
  

Called up share capital 
 7 
6
6

  
6
6


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MID WALES LEISURE (HOLDINGS) LIMITED
REGISTERED NUMBER: 10327547
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 July 2021.




Patricia Bebb
Director

The notes on pages 3 to 4 form part of these financial statements.

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MID WALES LEISURE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020

1.


General information

Mid Wales Leisure (Holdings) Limited, 10327547, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Mid Wales Golf Club, Caersws, Powys, SY17 5SB.
The Company's principal activity continues to be a holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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MID WALES LEISURE (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020

4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2019
4



At 31 October 2020
4





6.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
2
2

2
2



7.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



6 (2019 - 6) Ordinary shares of £1.00 each
6
6


 
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