Centurion Club Management Ltd - Accounts to registrar - small 17.2

CENTURION CLUB MANAGEMENT LTD - Company Information

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REGISTERED NUMBER: 07041860 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2017

for

CENTURION CLUB MANAGEMENT LTD

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Certified Accountants' Report

DIRECTORS:

J S Evans

A Hendriks

J D Lamb

REGISTERED OFFICE:

337 Bath Road

Slough

Berkshire

SL1 5PR

REGISTERED NUMBER:

07041860 (England and Wales)

ACCOUNTANTS:

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

FIXED ASSETS

Tangible assets

6,335,274

3,679,230

CURRENT ASSETS

Debtors

3,184,183

3,618,026

Cash at bank

491

123,834

3,184,674

3,741,860

CREDITORS

Amounts falling due within one year

363,425

477,356

NET CURRENT ASSETS

2,821,249

3,264,504

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,156,523

6,943,734

CREDITORS

Amounts falling due after more than one
year

12,069,654

8,768,194

NET LIABILITIES

(2,913,131

)

(1,824,460

)

CAPITAL AND RESERVES

Called up share capital

102

Retained earnings

(2,913,233

)

(1,824,562

)

SHAREHOLDERS' FUNDS

(2,913,131

)

(1,824,460

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 10 October 2017 and were signed on
its behalf by:

J S Evans - Director

1.	STATUTORY INFORMATION

Centurion Club Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These accounts are prepared on a going concern basis. This is dependent on the continued support and

provision of unsecured funding from shareholders and directors totalling £7,493,748 (2016 -

£5,597,663).

Turnover

Income represents rent and management fees received net of Value Added Tax for the maintenance

and management of a golf club. Income is recognised when the company has earned the right to

consideration.

Tangible fixed assets

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

Land and buildings

2% on cost of buildings

Plant and machinery etc

25% on reducing balance and 5% on cost

Depreciation will be applied on Freehold Buildings once completion of the clubhouse structure has

occurred.

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.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

COST

At 1 March 2016

3,499,123

212,617

3,711,740

Additions

1,403,258

1,391,259

2,794,517

At 28 February 2017

4,902,381

1,603,876

6,506,257

DEPRECIATION

At 1 March 2016

32,510

Charge for year

55,824

82,649

138,473

At 28 February 2017

55,824

115,159

170,983

NET BOOK VALUE

At 28 February 2017

4,846,557

1,488,717

6,335,274

At 29 February 2016

3,499,123

180,107

3,679,230

Included in cost of land and buildings is freehold land of £ 2,111,179 (2016 - £ 0 ) which is not

depreciated.

DEBTORS

28.2.17

29.2.16

Amounts falling due within one year:

Other debtors

162,097

154,081

28.2.17

29.2.16

Amounts falling due after more than one year:

Other debtors

3,022,086

3,463,945

Aggregate amounts

3,184,183

3,618,026

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

Trade creditors

231,538

473,356

Taxation and social security

32,111

Other creditors

99,776

4,000

363,425

477,356

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

28.2.17

29.2.16

Other creditors

12,069,654

8,768,194

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

29.2.16

Other creditors

1,902,410

1,567,010

Other creditors are secured by way of legal charge over the freehold property of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

29.2.16

value:

102

Ordinary

£1

102

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J S Evans.

The ultimate controlling party is Nul Dertien Ltd.

The following reproduces the text of the report prepared for the directors and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Directors are not

required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Centurion Club Management Ltd for the year ended 28 February 2017

which comprise the Statement of Comprehensive Income, Balance Sheet and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Centurion Club Management Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Centurion Club Management Ltd and state those matters that we have agreed to state to the Board of Directors of Centurion Club Management Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Centurion Club Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Centurion Club Management Ltd. You consider that Centurion Club Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Centurion Club Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Masons

337 Bath Road

Slough

Berkshire

SL1 5PR

10 October 2017