Playland Holdings Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00721684 (England and Wales)

FOR

Page

Company Information  

1

Directors' Responsibilities Statement  

3

Independent Chartered Certified Accountants'

Review Report  

4

Abridged Balance Sheet  

6

Notes to the Financial Statements  

8

DIRECTORS:

Mr L Crick (Jnr)

Mrs J S A Crick

Mr L C Crick

Miss L J Crick

SECRETARY:

Mrs J S A Crick

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

BUSINESS ADDRESS:

257/258 Stafford Street

WALSALL

West Midlands

WS2 8DF

REGISTERED NUMBER:

00721684 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Lloyds Bank PLC

114-116 Colmore Row

Birmingham

West Midlands

B3 3BD

INCORPORATED:

16th April 1962

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 Abridged Income

Statement and certain other primary statements and the Report of the Directors are not required to be

filed with the Registrar of Companies.

We confirm that as directors we have met our duty in accordance with the Companies Act 2006 to:

-

ensure that the company has kept proper accounting records;

-

prepare financial statements which give a true and fair view of the state of affairs of the company as at

30th April 2017 and of its profit for that period in accordance with United Kingdom Generally Accepted

Accounting Practice; and

-

follow the applicable accounting policies, subject to any material departures disclosed and explained in the

notes to the financial statements.

ON BEHALF OF THE BOARD:

Mr L Crick (Jnr) - Director

Mrs J S A Crick - Director

24th January 2018

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.    

We have reviewed the financial statements of Playland Holdings Limited for the year ended 30th April 2017, which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes 1 to 18. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.    

This report is made solely to the company's directors, as a body, in accordance with the terms of our engagement letter dated 20th May 2014. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report or the conclusions we have formed.    

Directors' responsibility for the financial statements

As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are

responsible for the preparation of the financial statements and for being satisfied that they give a true and fair

view.

Accountants' responsibility

We conducted our engagement in accordance with the Association of Chartered Certified Accountants (ACCA) guidelines. Our work was based primarily upon enquiry, analytical procedures and assessing accounting policies in accordance with the FRS102 Section 1A framework. If we considered it to be necessary, we also performed limited examination of evidence relevant to certain balances and disclosures in the financial statements where we became aware of matters that might indicate a risk of material misstatement in the financial statements.

Scope of the assurance review

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:  

-

so as to give a true and fair view of the state of the company's affairs as at 30th April 2017 and of its profit

for the year then ended;

-

in accordance with United Kingdom Generally Accepted Accounting Practice; and

-

in accordance with the requirements of the Companies Act 2006.

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

24th January 2018

FIXED ASSETS

Intangible assets

3

382,362

79,045

Tangible assets

4

1,536,288

1,745,861

Investments

5

1

1

1,918,651

1,824,907

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

387,807

386,104

Cash at bank

422,207

369,462

811,014

756,566

CREDITORS

Amounts falling due within one year

432,050

301,190

NET CURRENT ASSETS

378,964

455,376

TOTAL ASSETS LESS CURRENT

LIABILITIES

2,297,615

2,280,283

CREDITORS

Amounts falling due after more than one

year

6

(721,171

)

(414,983

)

PROVISIONS FOR LIABILITIES

10

(80,264

)

(122,222

)

NET ASSETS

1,496,180

1,743,078

CAPITAL AND RESERVES

Called up share capital

171,600

171,600

Revaluation reserve

11

92,782

341,719

Retained earnings

1,231,798

1,229,759

SHAREHOLDERS' FUNDS

1,496,180

1,743,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.  

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 in accordance with Section 476 of the Companies Act 2006.  

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 30th April 2017 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 24th January 2018 and were signed on its

behalf by:

Mr L Crick (Jnr) - Director

Mrs J S A Crick - Director

1.

STATUTORY INFORMATION

Playland Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts received during the year from the company's main activity. The

company's main source of income is now classified as exempt for value added tax purposes.

Goodwill

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

16.66% on cost

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Taxation

Deferred tax

Hire purchase and leasing commitments

Pension costs and other post-retirement benefits

3.

INTANGIBLE FIXED ASSETS

Totals

£   

COST

At 1st May 2016

98,806

Additions

346,777

At 30th April 2017

445,583

AMORTISATION

At 1st May 2016

19,761

Amortisation for year

43,460

At 30th April 2017

63,221

NET BOOK VALUE

At 30th April 2017

382,362

At 30th April 2016

79,045

4.

TANGIBLE FIXED ASSETS

Totals

£   

COST OR VALUATION

At 1st May 2016

2,484,877

Additions

285,934

Disposals

(9,869

)

Reversal of revaluation

(300,000

)

At 30th April 2017

2,460,942

DEPRECIATION

At 1st May 2016

739,016

Charge for year

190,884

Eliminated on disposal

(1,196

)

Reversal of revaluation

(4,050

)

At 30th April 2017

924,654

NET BOOK VALUE

At 30th April 2017

1,536,288

At 30th April 2016

1,745,861

Cost or valuation at 30th April 2017 is represented by:

Totals

£   

Valuation in 1998

461,380

Valuation in 2015

(44,307

)

Valuation in 2017

(300,000

)

Cost

2,343,869

2,460,942

If freehold and leased property had not been revalued they would have been included at the following

historical cost:

2017

2016

£   

£   

Cost

1,154,191

1,211,840

Aggregate depreciation

203,105

153,356

Value of land in freehold land and buildings

252,527

316,682

5.

FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£   

COST

At 1st May 2016

and 30th April 2017

1

NET BOOK VALUE

At 30th April 2017

1

At 30th April 2016

1

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN

FIVE YEARS

2017

2016

£   

£   

Repayable by instalments

Bank borrowings due after 5 years

377,748

191,538

7.

LOANS

An analysis of the maturity of loans is given below:

2017

2016

£   

£   

Amounts falling due within one year or on demand:

Bank loans

82,058

74,075

Amounts falling due between one and two years:

Bank loans

78,049

45,324

Amounts falling due between two and five years:

Bank loans

248,680

154,737

Amounts falling due in more than five years:

Repayable by instalments

Bank borrowings due after 5 years

377,748

191,538

8.

LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£   

£   

Net obligations repayable:

Within one year

7,369

9,184

Between one and five years

16,694

23,384

24,063

32,568

Non-cancellable

operating leases

2017

2016

£   

£   

Within one year

191,525

143,500

Between one and five years

498,500

465,000

In more than five years

358,250

117,750

1,048,275

726,250

9.

SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£   

£   

Bank loans

786,535

465,674