Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

THE GOLDEN LION (PEMBROKESHIRE) LTD - Company Information

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2014-04-012015-03-3107981415falsetruehttp://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2014-03-31http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2015-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-03-31http://www.companieshouse.gov.uk/cd:Director12014-04-012015-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2015-03-31http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2014-04-012015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-04-012015-03-31http://www.companieshouse.gov.uk/pt:MotorCars2014-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-04-012015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-03-31http://www.companieshouse.gov.uk/pt:MotorCars2015-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-04-012015-03-31http://www.companieshouse.gov.uk/pt:MotorCars2014-04-012015-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-04-012015-03-31http://www.companieshouse.gov.uk/2013-04-012014-03-31http://www.companieshouse.gov.uk/2014-04-012015-03-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2014-04-012015-03-31http://www.companieshouse.gov.uk/2014-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07981415
The Golden Lion (Pembrokeshire) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU

The Golden Lion (Pembrokeshire) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2015
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 07981415

The Golden Lion (Pembrokeshire) Limited
Registered Number: 07981415
BALANCE SHEET AT 31 MARCH 2015
20152014
Notes££
FIXED ASSETS
Intangible assets2106,250112,500
Tangible assets347,57330,887
153,823143,387
CURRENT ASSETS
Stock11,83011,700
Debtors (amounts falling due within one year)4174,485396,536
Investments5200,000-
Cash at bank and in hand24,62711,630
410,942419,866
CREDITORS: Amounts falling due within one year350,216355,248
NET CURRENT ASSETS60,72664,618
TOTAL ASSETS LESS CURRENT LIABILITIES214,549208,005
CREDITORS: Amounts falling due after more than one year614,6234,354
PROVISIONS FOR LIABILITIES7,7556,023
NET ASSETS192,171197,628
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account192,071197,528
SHAREHOLDERS' FUNDS192,171197,628
For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 16 September 2015 and signed on their behalf by
D R Paish
Director

The Golden Lion (Pembrokeshire) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsstraight line 10%
Motor Carsreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

The Golden Lion (Pembrokeshire) Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 April 2014125,000125,000
At 31 March 2015125,000125,000
Depreciation
At 1 April 201412,50012,500
For the year6,2506,250
At 31 March 201518,75018,750
Net Book Amounts
At 31 March 2015106,250106,250
At 31 March 2014112,500112,500
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsMotor CarsTotal
£££££
Cost
At 1 April 2014-17,65919,49210037,251
Additions3,30014,8531,3932,77722,323
At 31 March 20153,30032,51220,8852,87759,574
Depreciation
At 1 April 2014-4,4151,949-6,364
For the year-3,3111,7545725,637
At 31 March 2015-7,7263,70357212,001
Net Book Amounts
At 31 March 20153,30024,78617,1822,30547,573
At 31 March 2014-13,24417,54310030,887
4. DEBTORS 20152014
££
Amounts falling due within one year:
Other debtors174,485396,536
174,485396,536

The Golden Lion (Pembrokeshire) Limited
5. CURRENT ASSET INVESTMENTS
20152014
££
Other investments200,000-
200,000-
The other investments comprise annuity contracts purchased from the directors as detailed in note 23 and are shown at cost.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20152014
££
Bank loans and overdrafts14,6234,354
14,6234,354
7. SHARE CAPITAL 20152014
££
Allotted, issued and fully paid:
100 Ordinary shares of £100 each100100
100100
8. RELATED PARTY TRANSACTIONS
The director has borowed funds from the company, at 31st March 2015 the company was owed £94,979 (2014 - £358,240).
On 22 December 2014 The Golden Lion (Pembrokeshire) Limited purchased an annuity contract from Mr D Paish for £200,000. Under the terms of the contract the company will receive annual payments of £13,550 commencing on 5 April 2024 for the lifetime of Mr D Paish.
9. CONTROLLING PARTY
The company is controlled by Mr D R Paish by virtue of his 100% shareholding.