Coast and Country 2006 Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05713729 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

COAST AND COUNTRY 2006 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr W G Boggia

Mr A G Boggia

Miss C L Boggia

Mrs S Boggia

SECRETARY:

Miss G P Hickmott

REGISTERED OFFICE:

Denley Hall

Seasalter Road

Graveney

FAVERSHAM

Kent

ME13 9ED

REGISTERED NUMBER:

05713729 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Bank Chambers

1 Central Avenue

Sittingbourne

Kent

ME10 4AE

FIXED ASSETS

Intangible assets

2

1

Tangible assets

3

1,211,197

1,233,589

Investments

4

1,119,278

1,137,420

2,330,476

2,371,010

CURRENT ASSETS

Stocks

54,259

111,137

Debtors

120,132

79,929

Cash at bank and in hand

891,117

517,754

1,065,508

708,820

CREDITORS

Amounts falling due within one year

602,567

521,103

NET CURRENT ASSETS

462,941

187,717

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,793,417

2,558,727

PROVISIONS FOR LIABILITIES

21,661

18,530

NET ASSETS

2,771,756

2,540,197

CAPITAL AND RESERVES

Called up share capital

5

22,500

Share premium

1,226,448

Profit and loss account

1,522,808

1,291,249

SHAREHOLDERS' FUNDS

2,771,756

2,540,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 26 October 2016 and were signed on its behalf by:

Mr W G Boggia - 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 January

2015).

Turnover

Turnover represents the value, net of value added tax and discounts, relating to the sale of caravans,

accessories and extras and income generated from caravan site operations after adjusting for deferred income

received from caravan site operations.

Goodwill

Goodwill, being the amount paid in connection with the reconstruction of a company in 2006 has not been

written off.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and improvements

-

2% on cost

Park homes

-

10% on reducing balance

Machinery and equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Caravan stock is valued at the lower of cost and net realisable value, other stocks are valued at the lower of cost

and net realisable value using the FIFO standard method, 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.

Pension costs and other post-retirement benefits

Contributions in respect of the company's pension scheme are charged to the profit and loss account for the

period in which they are payable to the scheme.

Fixed asset investments

Investments are included in the financial statements at market value. The unrealised gains and losses are

reflected in the reserves.

Going concern

The directors are confident that the company will be able to deliver positive cashflows and that the company will

be able to service its liabilities as and when they fall due. Accordingly, the directors consider the company will

manage its business risks successfully and therefore continue to adopt the going concern basis in preparing the

financial statements.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

1

NET BOOK VALUE

At 31 May 2016

1

At 31 May 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,554,198

Additions

42,783

Disposals

(41,514

)

At 31 May 2016

1,555,467

DEPRECIATION

At 1 June 2015

320,609

Charge for year

46,146

Eliminated on disposal

(22,485

)

At 31 May 2016

344,270

NET BOOK VALUE

At 31 May 2016

1,211,197

At 31 May 2015

1,233,589

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 June 2015

1,137,420

Additions

2,341

Revaluations

(20,483

)

At 31 May 2016

1,119,278

NET BOOK VALUE

At 31 May 2016

1,119,278

At 31 May 2015

1,137,420

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

12,378

Ordinary "A"

£1

12,378

10,122

Ordinary "B"

£1

10,122

22,500