COUNTRY_CLUB_AND_LEISURE_ - Accounts

COUNTRY CLUB AND LEISURE LIMITED - Company Information

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Company Registration No. 07101343 (England and Wales)

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COUNTRY CLUB AND LEISURE LIMITED FOR THE YEAR ENDED 31 MAY 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Country Club and Leisure Limited for the year ended 31 May 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Country Club and 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 financial statements of Country Club and Leisure Limited and state those matters that we have agreed to state to the Board of Directors of Country Club and Leisure Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Country Club and Leisure Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Country Club and Leisure Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Country Club and Leisure Limited. You consider that Country Club and 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 financial statements of Country Club and 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 financial statements.

Carpenter Box

6 January 2017

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

1,332,338

1,315,596

Current assets

Stocks

46,174

39,705

Debtors

77,104

13,268

Cash at bank and in hand

875,346

520,607

998,624

573,580

Creditors: amounts falling due within one year

(695,564)

(574,319)

Net current assets/(liabilities)

303,060

(739)

Total assets less current liabilities

1,635,398

1,314,857

Creditors: amounts falling due after more than one year

(3,123,319)

(3,050,407)

(1,487,921)

(1,735,550)

Capital and reserves

Called up share capital

100

Profit and loss account

(1,488,021)

(1,735,650)

Shareholders' funds

(1,487,921)

(1,735,550)

For the financial year ended 31 May 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 6 January 2017

Mr L Goossens

Director

Company Registration No. 07101343

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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 January 2015).

The company is dependent upon the continuing support of its parent company to allow it to continue trading and to reduce its balance sheet deficit. The parent company has indicated that it will continue to provide support to the company and the directors therefore consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result if the going concern basis was not appropriate.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Membership fees are recognised on a time basis, function bookings are recognised when the event takes place and other income is recognised on an arising basis.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.

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

4% / 10% per annum on a straight line basis

Plant and equipment

10% / 20% per annum on a straight line basis

1.5

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. No deferred tax asset has been recognised on the company's losses carried forward.

COUNTRY CLUB AND LEISURE LIMITED

TRADING AS WICKWOODS COUNTRY CLUB

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 June 2015

250,000

2,394,928

2,644,928

Additions

167,096

At 31 May 2016

250,000

2,562,024

2,812,024

Depreciation

At 1 June 2015

250,000

1,079,332

1,329,332

Charge for the year

150,354

At 31 May 2016

250,000

1,229,686

1,479,686

Net book value

At 31 May 2016

1,332,338

At 31 May 2015

1,315,596

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is Country Clubs (UK) Limited.