Bronte Caravan Park Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05934299 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2016

for

Bronte Caravan Park Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R H Darling

Mrs J A Darling

J C Darling

SECRETARY:

R H Darling

REGISTERED OFFICE:

Ash House

Catterick Bridge

Richmond

North Yorkshire

DL10 7PH

REGISTERED NUMBER:

05934299 (England and Wales)

ACCOUNTANTS:

Eura Audit UK Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

FIXED ASSETS

Intangible assets

2

375,000

412,500

Tangible assets

3

2,500,378

2,520,283

2,875,378

2,932,783

CURRENT ASSETS

Stocks

7,000

7,500

Debtors

67,827

65,684

Cash at bank

38,244

94,688

113,071

167,872

CREDITORS

Amounts falling due within one year

4

311,467

341,895

NET CURRENT LIABILITIES

(198,396

)

(174,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,676,982

2,758,760

CREDITORS

Amounts falling due after more than one year

4

1,806,226

1,805,898

NET ASSETS

870,756

952,862

CAPITAL AND RESERVES

Called up share capital

5

825,000

825,000

Profit and loss account

45,756

127,862

SHAREHOLDERS' FUNDS

870,756

952,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 17 August 2017 and were signed on its behalf by:

R H Darling - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property

-

2% on cost

Plant and Machinery

-

10% on reducing balance

Motor Vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

750,000

AMORTISATION

At 1 December 2015

337,500

Amortisation for year

37,500

At 30 November 2016

375,000

NET BOOK VALUE

At 30 November 2016

375,000

At 30 November 2015

412,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

2,773,881

Additions

5,707

At 30 November 2016

2,779,588

DEPRECIATION

At 1 December 2015

253,598

Charge for year

25,612

At 30 November 2016

279,210

NET BOOK VALUE

At 30 November 2016

2,500,378

At 30 November 2015

2,520,283

4.

CREDITORS

Creditors include an amount of £ 405,433 (2015 - £ 442,010 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

216,008

258,544

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

225,000

Ordinary

£1

825,000

825,000