PAB Rugby Ltd - Accounts to registrar - small 17.2
PAB Rugby Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| PAB RUGBY LIMITED |
| Unaudited Financial Statements for the Year Ended 31 May 2017 |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PAB RUGBY LIMITED |
| Company Information |
| for the Year Ended 31 May 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 59-61 Charlotte Street |
| St Pauls Square |
| Birmingham |
| West Midlands |
| B3 1PX |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Balance Sheet |
| 31 May 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Balance Sheet - continued |
| 31 May 2017 |
| 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 |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2017 |
| 1. | STATUTORY INFORMATION |
| PAB Rugby Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery | - |
| 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 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 |
| Land and | Plant and |
| buildings | machinery | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 June 2016 |
| and 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 3. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 May 2017 is represented by: |
| Land and | Plant and |
| buildings | machinery | Totals |
| £ | £ | £ |
| Cost | 667,454 | 211,141 | 878,595 |
| If land and buildings had not been revalued they would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 606,603 | 606,603 |
| Aggregate depreciation | 264,527 | 252,395 |
| Value of land in freehold land and buildings | 217,454 | 217,454 |
| Land and buildings were valued on an open market basis on 22 June 2011 by Drake Commercial LLP . |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed by group undertakings |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Directors' current accounts |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 148,556 |
| PAB RUGBY LIMITED (REGISTERED NUMBER: 02486670) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| The bank loan and overdraft are secured by a first legal charge over the leasehold property at Midland House, |
| Falkland Close, Charter Avenue Industrial Estate, Coventry, an unlimited debenture dated 9 December 2009, an |
| unlimited all-moneys guarantee from PAB Coventry Limited. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 60 | 60 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 June 2016 |
| and 31 May 2017 |
| 10. | ULTIMATE CONTROLLING PARTY |
| Mr M Brazier is considered to be the ultimate controlling party |