Copenhagen 1801 Limited - Abbreviated accounts 16.1

Copenhagen 1801 Limited - Abbreviated accounts 16.1

COPENHAGEN 1801 LIMITED - Company Information

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REGISTERED NUMBER: 07827733













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

COPENHAGEN 1801 LIMITED

COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COPENHAGEN 1801 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: D Fisher
J M Little





REGISTERED OFFICE: 14 Scotswood Road
Newcastle Upon Tyne
NE4 7JB





REGISTERED NUMBER: 07827733





ACCOUNTANTS: Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
Page 1
COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 21,067 52,667
Tangible assets 3 122,921 142,200
143,988 194,867

CURRENT ASSETS
Stocks 54,742 50,521
Debtors 966,868 656,594
Cash at bank 156,768 231,728
1,178,378 938,843
CREDITORS
Amounts falling due within one year 4 525,453 621,643
NET CURRENT ASSETS 652,925 317,200
TOTAL ASSETS LESS CURRENT
LIABILITIES
796,913
512,067

CREDITORS
Amounts falling due after more than one
year
4
(4,981
)
(13,087
)

PROVISIONS FOR LIABILITIES (24,584 ) (28,440 )
NET ASSETS 767,348 470,540

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 767,248 470,440
SHAREHOLDERS' FUNDS 767,348 470,540

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 30 September 2016 and were signed on its behalf
by:




D Fisher - Director



J M Little - Director


The notes form part of these abbreviated accounts

Page 3
COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis on the grounds that current and future
sources of funding or support will be more than adequate for the company's needs. The directors have
considered a period of twelve months from the date of approval of the financial statements and believe that no
further disclosures relating to the company's ability to continue as a going concern need to be made in the
financial statements

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents sales of goods and entrance fees excluding VAT recognised when the particular goods or
service is supplied to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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.

Fixtures and fittings - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date. No discounting has been applied to the deferred tax liability.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Page 4 continued...
COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 158,000
AMORTISATION
At 1 April 2015 105,333
Amortisation for year 31,600
At 31 March 2016 136,933
NET BOOK VALUE

At 31 March 2016 21,067
At 31 March 2015 52,667

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 269,915
Additions 85,463
Disposals (53,501 )
At 31 March 2016 301,877
DEPRECIATION
At 1 April 2015 127,715
Charge for year 51,241
At 31 March 2016 178,956
NET BOOK VALUE
At 31 March 2016 122,921
At 31 March 2015 142,200

4. CREDITORS

Creditors include an amount of £ 13,086 (2015 - £ 21,192 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

6. ULTIMATE PARENT COMPANY

Pleasure Leisure Limited is regarded by the directors as being the company's ultimate parent company.

Page 5 continued...
COPENHAGEN 1801 LIMITED (REGISTERED NUMBER: 07827733)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Freehold land owned by the company was sold to the pension fund of J M Little for £45,000. This represented
fair market value.

Page 6