First Golf & Leisure Limited - Period Ending 2013-12-31
First Golf & Leisure Limited - Period Ending 2013-12-31
Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
for the Year Ended 31 December 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of First Golf & Leisure Limited for the year ended 31 December 2013 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of First Golf & Leisure Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of First Golf & Leisure Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than First Golf & Leisure Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that First Golf & Leisure Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of First Golf & Leisure Limited. You consider that First Golf & Leisure Limited 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 accounts of First Golf & Leisure Limited. 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 accounts.
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Booth & Co
Chartered Certified Accountants
The Hermitage
15a Shenfield Road
Brentwood
Essex
CM15 8AG
30 September 2014
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
(Registration number: 02677898)
Abbreviated Balance Sheet at 31 December 2013
Note |
2013
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2012
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
2
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
(Registration number: 02677898)
Abbreviated Balance Sheet at 31 December 2013
......... continued
.........................................
Mr Russell Derek Bartlett
Director
3
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Investment properties
Stock
Deferred tax
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 January 2013 |
3,792,319 |
3,792,319 |
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At 31 December 2013 |
3,792,319 |
3,792,319 |
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Depreciation |
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At 1 January 2013 |
27,118 |
27,118 |
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Charge for the year |
8,966 |
8,966 |
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At 31 December 2013 |
36,084 |
36,084 |
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Net book value |
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At 31 December 2013 |
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At 31 December 2012 |
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Debtors |
Debtors includes £981,889 (2012 - £921,147) receivable after more than one year.
First Golf & Leisure Limited
trading as First Golf & Leisure Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2013
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2012
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Amounts falling due within one year |
2,433,538 |
2,437,562 |
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Amounts falling due after more than one year |
- |
3,096 |
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Total secured creditors |
2,433,538 |
2,440,658 |
Share capital |
Allotted, called up and fully paid shares
2013 |
2012 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by