N1_GOLF_(LONDON)_LIMITED - Accounts

N1 GOLF (LONDON) LTD - Company Information

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Company Registration No. 09571610 (England and Wales)

N1 GOLF (LONDON) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

N1 GOLF (LONDON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

N1 GOLF (LONDON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

3,011,280

Current assets

Debtors

24,731

Cash at bank and in hand

294,588

319,319

Creditors: amounts falling due within one year

(690,501)

Net current liabilities

(371,182)

Total assets less current liabilities

2,640,098

Creditors: amounts falling due after more than one year

(2,739,784)

(99,686)

Capital and reserves

Profit and loss account

(99,686)

Shareholders' funds

(99,686)

For the financial year ended 30 June 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 her 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 23 May 2017

Mr D Malone

Director

Company Registration No. 09571610

N1 GOLF (LONDON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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 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

10 year straight line

Plant and machinery

25% reducing balance

Fixed assets

Tangible assets

Cost

At 3 July 2015

Additions

3,359,450

At 30 June 2016

3,359,450

Depreciation

At 3 July 2015

Charge for the year

348,170

At 30 June 2016

348,170

Net book value

At 30 June 2016

3,011,280