The Fosse Golf Company (Leicester) Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 00077415 (England and Wales)

THE FOSSE GOLF COMPANY (LEICESTER) LTD

Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D W Godfrey

M M Potter

J E Russell

M Bishop

N Bathia

S R Marriott

SECRETARY:

N Bathia

REGISTERED OFFICE:

Station Road

Birstall

Leicester

LE4 3BB

REGISTERED NUMBER:

00077415 (England and Wales)

ACCOUNTANTS:

Accapita LLP

Chartered Certified Accountants

Christopher House

94b London Road

Leicester

LE2 0QS

FIXED ASSETS

Tangible assets

3

226,464

241,142

CURRENT ASSETS

Cash at bank

63,691

27,067

CREDITORS

Amounts falling due within one year

4

107,242

78,474

NET CURRENT LIABILITIES

(43,551

)

(51,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

182,913

189,735

CREDITORS

Amounts falling due after more than one year

5

113,764

121,937

NET ASSETS

69,149

67,798

CAPITAL AND RESERVES

Called up share capital

868

868

Retained earnings

68,281

66,930

SHAREHOLDERS' FUNDS

69,149

67,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 April 2017 and were signed on its behalf by:

M M Potter - Director

1.	STATUTORY INFORMATION

The Fosse Golf Company (Leicester) Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable from Birstall Golf Club for use of the land and compound

development, excluding value added tax.

Tangible fixed assets

In accordance with Statement of Standard Accounting Practice 19 no depreciation is provided in

respect of the original cost of the freehold investment property. The directors consider that this

accounting policy results in the accounts giving a true and fair view because the residual value is

always expected to exceed original cost. It is not the policy of the directors to carry out an annual

revaluation of the property as required by that statement. The additions relate to the compound and

are being depreciated at 5% per annum.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2016

and 31 December 2016

318,609

DEPRECIATION

At 1 January 2016

77,467

Charge for year

14,678

At 31 December 2016

92,145

NET BOOK VALUE

At 31 December 2016

226,464

At 31 December 2015

241,142

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

16,820

18,838

Trade creditors

1

-

Taxation and social security

4,007

4,047

Other creditors

86,414

55,589

107,242

78,474

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

113,764

121,937

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than

5 years and repayable by

instalments

39,500

39,642

39,500

39,642

6.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

130,584

140,775

The bank loan is secured by a first fixed legal charge on all the land and buildings of The Fosse Golf

Company (Leicester) Limited, and its associated assets.

7.	ULTIMATE CONTROLLING PARTY

8.	CURRENT ASSET INVESTMENTS

During 1997 the company received 250 ordinary shares in Alliance & Leicester plc at no cost on the

conversion of the Alliance & Leicester building society to a public limited company. These shares

were converted into 83 Shares in Banco Santander following its take over of Alliance & Leicester Plc

in 2008.

Market Values

2016

2015

£

£

Banco Santander

347

281