LARGO_LEISURE_PARKS_LIMIT - Accounts

LARGO LEISURE PARKS LIMITED - Company Information

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Company Registration No. SC269245 (Scotland)

LARGO LEISURE PARKS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

LARGO LEISURE PARKS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LARGO LEISURE PARKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

400

Current assets

Debtors

313,786

225,127

Creditors: amounts falling due within one year

(291,778)

(205,729)

Net current assets

22,008

19,398

Total assets less current liabilities

22,408

19,798

Capital and reserves

Called up share capital

400

Profit and loss account

22,008

19,398

Shareholders' funds

22,408

19,798

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 November 2015

RAL Barrett

Director

Company Registration No. SC269245

LARGO LEISURE PARKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 March 2014 & at 28 February 2015

400

At 28 February 2014

400

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Sauchope Links Park Limited

Scotland

Ordinary

100

Letham Feus Park Limited

Scotland

Ordinary

100

Loch Tay Highland Lodge Park Limited

Scotland

Ordinary

100

Braidhaugh Park Limited

Scotland

Ordinary

100

LARGO LEISURE PARKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Sauchope Links Park Limited

Caravan park and associated facilities.

900,557

136,942

Letham Feus Park Limited

Caravan park and associated facilities.

301,501

119,233

Loch Tay Highland Lodge Park Limited

Lodge park and associated facilities.

(280,102)

272,271

Braidhaugh Park Limited

Caravan park and associated facilities.

241,078

103,824

Share capital

2015

2014

Allotted, called up and fully paid

204 Ordinary A of £1 each

204

188 Ordinary B of £1 each

188

8 Ordinary C & D of £1 each

400