Marjoram Leisure Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03140579 (England and Wales)

Marjoram Leisure Limited

Abridged Financial Statements for the Year Ended 31st December 2016

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

D Hunt

S Hunt

Registered office:

Axe & Compass

Dunmow Road

Aythorp Roding

Great Dunmow

Essex

CM6 1PP

Registered number:

03140579 (England and Wales)

Accountants:

Walters & Company

Certified Practising Accountants

1-3 High Street

Great Dunmow

Essex

CM6 1UU

Fixed assets

Tangible assets

4

2,293,377

2,287,518

Current assets

Stocks

40,000

34,476

Debtors

21,374

21,709

Cash at bank and in hand

273,008

252,341

334,382

308,526

Creditors

Amounts falling due within one year

750,451

1,445,606

Net current liabilities

(416,069

)

(1,137,080

)

Total assets less current liabilities

1,877,308

1,150,438

Creditors

Amounts falling due after more than one year

5

(645,254

)

-

Provisions for liabilities

(51,046

)

(228,500

)

Net assets

1,181,008

921,938

Capital and reserves

Called up share capital

6

2

2

Retained earnings

1,181,006

921,936

Shareholders' funds

1,181,008

921,938

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st December 2017 and were signed on its behalf by:

D Hunt - Director

S Hunt - Director

1.	Statutory information

Marjoram Leisure Limited 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

7.5% 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 130 .

4.	Tangible fixed assets

Totals

£

Cost

At 1st January 2016

2,355,613

Additions

26,554

At 31st December 2016

2,382,167

Depreciation

At 1st January 2016

68,095

Charge for year

20,695

At 31st December 2016

88,790

Net book value

At 31st December 2016

2,293,377

At 31st December 2015

2,287,518

5.

Creditors: amounts falling due after more than five years

31/12/16

31/12/15

£

£

Repayable by instalments

Bank loans more 5 yr by instal

645,254

-

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/16

31/12/15

value:

£

£

2

Ordinary

1

2

2