ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 January 2017 the Company had future minimum lease payments under non-cancellable operating leases as follows:

POWERBALL OUTDOOR ACTIVITIES LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-01-312017-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-02-01 08496226 2016-02-01 2017-01-31 08496226 2017-01-31 08496226 2015-02-01 2016-01-31 08496226 2016-01-31 08496226 c:Director1 2016-02-01 2017-01-31 08496226 c:RegisteredOffice 2016-02-01 2017-01-31 08496226 d:CurrentFinancialInstruments 2017-01-31 08496226 d:CurrentFinancialInstruments 2016-01-31 08496226 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 08496226 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-31 08496226 d:ShareCapital 2017-01-31 08496226 d:ShareCapital 2016-01-31 08496226 d:RetainedEarningsAccumulatedLosses 2017-01-31 08496226 d:RetainedEarningsAccumulatedLosses 2016-01-31 08496226 c:FRS102 2016-02-01 2017-01-31 08496226 c:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 08496226 c:FullAccounts 2016-02-01 2017-01-31 08496226 c:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 08496226 d:WithinOneYear 2017-01-31 08496226 d:WithinOneYear 2016-01-31 08496226 d:BetweenOneFiveYears 2017-01-31 08496226 d:BetweenOneFiveYears 2016-01-31 iso4217:GBP xbrli:pure

Company registration number: 08496226

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2017

	POWERBALL OUTDOOR ACTIVITIES LIMITED


POWERBALL OUTDOOR ACTIVITIES LIMITED

COMPANY INFORMATION

Director	J A Brudenell-Bruce


Registered number	08496226


Registered office	Unit 7 Elliott Park
	Eastern Road
	Aldershot
	Hampshire
	GU12 4TF


Accountants	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


POWERBALL OUTDOOR ACTIVITIES LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4


POWERBALL OUTDOOR ACTIVITIES LIMITED REGISTERED NUMBER:08496226

BALANCE SHEET

AS AT 31 JANUARY 2017

		2017		2016
Note		£		£


Current assets
Stocks		-		7,727
Debtors: amounts falling due within one year	4	21,305		37,454
Cash at bank and in hand		4,200		5,084
		25,505		50,265
Creditors: amounts falling due within one year	5	(435,393)		(367,514)
Net current liabilities			(409,888)		(317,249)
Total assets less current liabilities			(409,888)		(317,249)

Net liabilities			(409,888)		(317,249)

Capital and reserves
Allotted, called up and fully paid share capital	1	1
Profit and loss account	(409,889)	(317,250)
	(409,888)	(317,249)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

J A Brudenell-Bruce

Director

Date: 18 January 2018

The notes on pages 2 to 4 form part of these financial statements.

Page 1


POWERBALL OUTDOOR ACTIVITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

1.	General information

Powerball Outdoor Activities Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The principal places of business are:
Hill Farm Road, Privett, Nr.Alton, Hampshire, GU34 3NJ, and
Hurn Court Lane, Christchurch Road, Hurn, Christchurch, Dorset, BH23 6BT
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

During the year the company incurred a net loss of £92,639 and at the balance sheet date, the company's liabilities exceeded its assets by £409,888. The company is financed by Leisuredyne Limited, the parent company, who continues to support the company as is required to ensure it meets its debts as they fall due.
The director is confident that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the financial statements have adopted the going concern basis of accounting.

2.3

Turnover

Turnover relates to amounts receivable for the provision and supervision of paintball activities during the year in the normal course of business, net of VAT.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Page 2


POWERBALL OUTDOOR ACTIVITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

2.Accounting policies (continued)

2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis over the lease term.

Employees

The average monthly number of employees, including directors, during the year was 17 (2016 - 17).

4.	Debtors

					2017	2016
					£	£


Trade debtors	110	-
Amounts owed by group undertakings	-	3,112
Other debtors	4,918	16,530
Prepayments and accrued income	16,277	17,812
	21,305	37,454

Other debtors includes £3,600 of debtors falling due after more than one year.

5.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	9,984	33,960
Amounts owed to group undertakings	398,513	326,740
Other taxation and social security	596	1,171
Other creditors	24,850	3,130
Accruals and deferred income	1,450	2,513
	435,393	367,514

Page 3


POWERBALL OUTDOOR ACTIVITIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Not later than 1 year	37,800	37,800
Later than 1 year and not later than 5 years	68,563	106,363
	106,363	144,163

7.	Related party transactions
	The loan of £398,513 (2016 - £326,740) provided by the parent company and shown within creditors has been provided interest free and is repayable on demand. Other creditors includes a director's loan of £19,622 (2016 - £nil) which has been provided interest free and is repayable on demand.

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 4