LAND_LEISURE_LIMITED - Accounts

LAND LEISURE LIMITED - Company Information

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Company Registration No. 05576194 (England and Wales)

LAND LEISURE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

LAND LEISURE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LAND LEISURE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

46,697

46,919

Current assets

Stocks

2,011

2,514

Cash at bank and in hand

406

645

2,417

3,159

Creditors: amounts falling due within one year

(39,651)

(42,495)

Net current liabilities

(37,234)

(39,336)

Total assets less current liabilities

9,463

7,583

Provisions for liabilities

(251)

(295)

9,212

7,288

Capital and reserves

Called up share capital

Profit and loss account

9,211

7,287

Shareholders' funds

9,212

7,288

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.

Director's 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 director acknowledges his 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 7 December 2016

Mr Keith Land

Director

Company Registration No. 05576194

LAND LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

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 chargeable in respect of the sale of goods and services to customers

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

Plant and machinery

15% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

1.6

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. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

48,579

Depreciation

At 1 April 2015

1,660

Charge for the year

222

At 31 March 2016

1,882

Net book value

At 31 March 2016

46,697

At 31 March 2015

46,919

LAND LEISURE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary of £1 each