BROMHAM_LEISURE_LIMITED - Accounts

BROMHAM LEISURE LIMITED - Company Information

Print Friendly Version

Company Registration No. 02579032 (England and Wales)

BROMHAM LEISURE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BROMHAM LEISURE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BROMHAM LEISURE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,153,799

441,629

Current assets

Stocks

6,700

7,050

Debtors

15,615

590

Cash at bank and in hand

14,716

4,428

37,031

12,068

Creditors: amounts falling due within one year

(20,268)

(326,833)

Net current assets/(liabilities)

16,763

(314,765)

Total assets less current liabilities

1,170,562

126,864

Creditors: amounts falling due after more than one year

(1,121,285)

Provisions for liabilities

(63,520)

(33,942)

(14,243)

92,922

Capital and reserves

Called up share capital

1,000

Profit and loss account

(15,243)

91,922

Shareholders' funds

(14,243)

92,922

BROMHAM LEISURE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 October 2016

D.E.K.Richards

Director

Company Registration No. 02579032

BROMHAM LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Nil / 5% on cost.

Plant and machinery

25% on the reducing balance

Computer equipment

over 3 years straight line

Fixtures, fittings & equipment

25% on the reducing balance

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.

BROMHAM LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

635,728

Additions

778,993

At 31 March 2016

1,414,721

Depreciation

At 1 April 2015

194,099

Charge for the year

66,823

At 31 March 2016

260,922

Net book value

At 31 March 2016

1,153,799

At 31 March 2015

441,629

Creditors: amounts falling due after more than one year

2016

2015

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

Ultimate parent company

The ultimate parent company is Penllergaer Estates Limited, a company registered in England and Wales.

Related party relationships and transactions

Other transactions

Included within creditors is an amount due to Penllergaer Estates Limited of £1,121,285 (2015 : £301,618).

The company is a 100% subsidiary of Penllergaer Estates Limited.