John Reay (Stoneleigh Deer Park GC) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02559467 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

JOHN REAY (STONELEIGH DEER PARK GC) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J L Reay

C Reay

SECRETARY:

C Reay

REGISTERED OFFICE:

Sandpits Lane

Keresley

Coventry

West Midlands

CV7 8NJ

REGISTERED NUMBER:

02559467 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

Victoria House

44-45 Queens Road

Coventry

West Midlands

CV1 3EH

FIXED ASSETS

Tangible assets

2

2,046,367

2,043,376

CURRENT ASSETS

Stocks

10,661

17,450

Debtors

17,021

17,338

Cash at bank and in hand

32,745

36,662

60,427

71,450

CREDITORS

Amounts falling due within one year

3

1,028,873

373,164

NET CURRENT LIABILITIES

(968,446

)

(301,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,077,921

1,741,662

CREDITORS

Amounts falling due after more than one year

3

(8,892

)

(703,580

)

PROVISIONS FOR LIABILITIES

(8,713

)

(6,129

)

NET ASSETS

1,060,316

1,031,953

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

699,947

699,947

Profit and loss account

360,269

331,906

SHAREHOLDERS' FUNDS

1,060,316

1,031,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors on 13 July 2015 and were signed on its behalf by:

J L Reay - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

1% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2014

2,917,158

Additions

30,825

At 31 March 2015

2,947,983

DEPRECIATION

At 1 April 2014

873,782

Charge for year

27,834

At 31 March 2015

901,616

NET BOOK VALUE

At 31 March 2015

2,046,367

At 31 March 2014

2,043,376

3.

CREDITORS

Creditors include an amount of £ 703,314 (2014 - £ 747,807 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100