BROMHAM_LEISURE_LIMITED - Accounts
BROMHAM_LEISURE_LIMITED - Accounts
Company Registration No. 02579032 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(326,833 )
(226,096 )
Net current liabilities
(314,765 )
(203,759 )
Total assets less current liabilities
Provisions for liabilities
(33,942 )
(4,454 )
92,922
167,480
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 21 December 2015
Director
Company Registration No. 02579032
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
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
1.4
Tangible fixed assets and depreciation
Land and buildings Leasehold
Plant and machinery
Computer equipment
Fixtures, fittings & equipment
No depreciation is provided on Leasehold property. The property is well maintained and in the directors' opinion has a carrying value at least equal to cost.
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
555,162
Additions
80,566
At 31 March 2015
635,728
Depreciation
At 1 April 2014
179,469
Charge for the year
14,630
At 31 March 2015
194,099
Net book value
At 31 March 2015
441,629
At 31 March 2014
375,693
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4
Ultimate parent company
The ultimate parent company is Penllergaer Estates Limited, a company registered in England and Wales.
5
Related party relationships and transactions
Other transactions
Included within creditors is an amount due to Penllergaer Estates Limited of £301,608 (2014 : £199,642).
The company is a 100% subsidiary of Penllergaer Estates Limited.