Arima Leisure Limited - Abbreviated accounts 16.3
Arima Leisure Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 October 2016 |
| for |
| ARIMA LEISURE LIMITED |
| ARIMA LEISURE LIMITED (REGISTERED NUMBER: 03094386) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| ARIMA LEISURE LIMITED |
| Company Information |
| for the year ended 31 October 2016 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Arima Leisure Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
| 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 Arima Leisure Limited for the year ended 31 October 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Arima Leisure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arima Leisure Limited and state those matters that we have agreed to state to the director of Arima Leisure Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arima Leisure Limited director for our work or for this report. |
| It is your duty to ensure that Arima 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 Arima Leisure Limited. You consider that Arima 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 Arima 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. |
| Chartered Accountants |
| 19 April 2017 |
| ARIMA LEISURE LIMITED (REGISTERED NUMBER: 03094386) |
| Abbreviated Balance Sheet |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Investment property | 3 |
| Current assets |
| Debtors |
| Prepayments and accrued income |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 4 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| Shareholders' funds |
| The director acknowledges his 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. |
| ARIMA LEISURE LIMITED (REGISTERED NUMBER: 03094386) |
| Abbreviated Balance Sheet - continued |
| 31 October 2016 |
| The financial statements were approved by the director on |
| ARIMA LEISURE LIMITED (REGISTERED NUMBER: 03094386) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2016 |
| 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 net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Computer equipment | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This |
| treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in |
| the opinion of the directors, necessary in order to give a true and fair view of the financial position of the |
| company. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 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. |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 November 2015 |
| and 31 October 2016 |
| Depreciation |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| Net book value |
| At 31 October 2016 |
| At 31 October 2015 |
| ARIMA LEISURE LIMITED (REGISTERED NUMBER: 03094386) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 October 2016 |
| 3. | Investment property |
| Total |
| £ |
| Cost or valuation |
| At 1 November 2015 |
| Additions |
| At 31 October 2016 |
| Net book value |
| At 31 October 2016 |
| At 31 October 2015 |
| 4. | Creditors |
| Creditors include an amount of £ |
| 5. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2016 and |
| 31 October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| The loan to the director was repaid within nine months of the company's financial year end date. |
| 7. | Ultimate controlling party |
| The controlling party is |