Abbreviated Company Accounts - NWC COUNTRY RETREATS LTD

NWC COUNTRY RETREATS LTD - Company Information

07207343 NWC COUNTRY RETREATS LTD 2016-08-31 false 2015-09-01 2016-08-31 true 07207343 2015-09-01 2016-08-31 07207343 2016-08-31 07207343 2015-08-31 07207343 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07207343 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 07207343

NWC COUNTRY RETREATS LTD

Abbreviated Accounts

31 August 2016

NWC COUNTRY RETREATS LTD Registered Number 07207343

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	28,572	57,144
Tangible assets	3	3,285,018	3,190,881
		3,313,590	3,248,025
Current assets
Stocks		48,805	123,100
Debtors		430,187	517,385
Cash at bank and in hand		41,675	101,106
		520,667	741,591
Creditors: amounts falling due within one year	4	(729,467)	(806,155)
Net current assets (liabilities)		(208,800)	(64,564)
Total assets less current liabilities		3,104,790	3,183,461
Creditors: amounts falling due after more than one year	4	(1,917,032)	(2,067,684)
Total net assets (liabilities)		1,187,758	1,115,777
Capital and reserves
Called up share capital	5	620,000	620,000
Profit and loss account		567,758	495,777
Shareholders' funds		1,187,758	1,115,777

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 May 2017

And signed on their behalf by:
Jonathan Seldon, Director

NWC COUNTRY RETREATS LTD Registered Number 07207343

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total value, excluding VAT, of income earned during the period.

Tangible assets depreciation policy
Depreciation is provided at 25% reducing balance basis on fixtures, equipment and motor vehicles.

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual installments over its estimated useful life of 7 years.

Other accounting policies
Stocks are stated at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 September 2015	200,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	200,000
Amortisation
At 1 September 2015	142,856
Charge for the year	28,572
On disposals	-
At 31 August 2016	171,428
Net book values
At 31 August 2016	28,572
At 31 August 2015	57,144

3Tangible fixed assets

	£
Cost
At 1 September 2015	3,239,758
Additions	125,528
Disposals	(13,495)
Revaluations	-
Transfers	-
At 31 August 2016	3,351,791
Depreciation
At 1 September 2015	48,877
Charge for the year	25,776
On disposals	(7,880)
At 31 August 2016	66,773
Net book values
At 31 August 2016	3,285,018
At 31 August 2015	3,190,881

4Creditors

	2016 £	2015 £
Secured Debts	2,028,813	2,108,465
Instalment debts due after 5 years	1,300,000	1,500,000

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
620,000 Ordinary shares of £1 each	620,000	620,000