ROCKET_LEISURE_LTD - Accounts

ROCKET_LEISURE_LTD - Accounts

ROCKET LEISURE LTD - Company Information

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Company Registration No. 06918428 (England and Wales)
ROCKET LEISURE LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
ROCKET LEISURE LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 5
ROCKET LEISURE LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ROCKET LEISURE LTD FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rocket Leisure Ltd for the year ended 31 March 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Rocket Leisure Ltd, as a body, in accordance with the terms of our engagement letter dated 28 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Rocket Leisure Ltd and state those matters that we have agreed to state to the Board of Directors of Rocket Leisure Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rocket Leisure Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Rocket Leisure Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rocket Leisure Ltd. You consider that Rocket Leisure Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Rocket Leisure Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP (Kendal)
Chartered Accountants
Kendal House
Murley Moss Business Village
Oxenholme Road
Kendal
LA9 7RL
22 December 2015
ROCKET LEISURE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
683,183
736,172
Investments
2
300
200
683,483
736,372
Current assets
Debtors
288,868
126,342
Cash at bank and in hand
1,178
1,178
290,046
127,520
Creditors: amounts falling due within one year
(537,077)
(679,338)
Net current liabilities
(247,031)
(551,818)
Total assets less current liabilities
436,452
184,554
Capital and reserves
Called up share capital
3
1,000
1,000
Share premium account
50,000
50,000
Profit and loss account
385,452
133,554
Shareholders'  funds
436,452
184,554
For the financial year ended 31 March 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 22 December 2015
Mr H C Taylor
Director
Company Registration No. 06918428
ROCKET LEISURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
straight line over length of lease
Fixtures, fittings & equipment
15% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
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.
ROCKET LEISURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
807,160
200
807,360
Additions
-
100
100
At 31 March 2015
807,160
300
807,460
Depreciation
At 1 April 2014
70,988
-
70,988
Charge for the year
52,989
-
52,989
At 31 March 2015
123,977
-
123,977
Net book value
At 31 March 2015
683,183
300
683,483
At 31 March 2014
736,172
200
736,372
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
Rocket Leisure (Venn Street) Ltd
England and Wales
Ordinary
100.00
Rocket Leisure (Northcote) Limited
England and Wales
Ordinary
100.00
Rocket Leisure (Shoreditch) Limited
England and Wales
Ordinary
100.00
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
2015
Principal activity
£
£
Rocket Leisure (Venn Street) Ltd
Bar and restaurant
116,128
116,028
Rocket Leisure (Northcote) Limited
Bar and restaurant
202,657
202,557
Rocket Leisure (Shoreditch) Limited
Dormant
100
-
ROCKET LEISURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
2
Fixed assets
(Continued)
- 5 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
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