PLAYGOLF MANAGEMENT LIMITED

PLAYGOLF MANAGEMENT LIMITED

PLAYGOLF MANAGEMENT LIMITED - Company Information

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PLAYGOLF MANAGEMENT LIMITED

Company Registration Number:
08359291 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

PLAYGOLF MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Balance sheet
Notes

PLAYGOLF MANAGEMENT LIMITED

Balance sheet

As at 31 March 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 3,500 4,000
Tangible assets: 4 689,860 403,054
Total fixed assets: 693,360 407,054
Current assets
Stocks: 7,265 14,875
Debtors:   269,456 229,116
Cash at bank and in hand: 9,912 12,174
Total current assets: 286,633 256,165
Creditors: amounts falling due within one year:   (662,934) (700,844)
Net current assets (liabilities): (376,301) (444,679)
Total assets less current liabilities: 317,059 (37,625)
Creditors: amounts falling due after more than one year:   (2,396,192) (1,712,317)
Total net assets (liabilities): (2,079,133) (1,749,942)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (2,079,134) (1,749,943)
Shareholders funds: (2,079,133) (1,749,942)

The notes form part of these financial statements

PLAYGOLF MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 December 2017
and signed on behalf of the board by:

Name: Ali Saud
Status: Director

The notes form part of these financial statements

PLAYGOLF MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Leasehold Property - Over 125 yearsPlant & Machinery - 25% straight lineFixtures & Fittings - 25% straight lineEquipment - 25% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

PLAYGOLF MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

2017 2016
Average number of employees during the period 32 30

PLAYGOLF MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Intangible Assets

Total
Cost £
At 01 April 2016 5,000
At 31 March 2017 5,000
Amortisation
At 01 April 2016 1,000
Charge for year 500
At 31 March 2017 1,500
Net book value
At 31 March 2017 3,500
At 31 March 2016 4,000

PLAYGOLF MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017


4. Tangible Assets

Total
Cost £
At 01 April 2016 479,552
Additions 345,126
At 31 March 2017 824,678
Depreciation
At 01 April 2016 76,498
Charge for year 58,320
At 31 March 2017 134,818
Net book value
At 31 March 2017 689,860
At 31 March 2016 403,054