Northwind Leisure (Carlisle) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC470331 (Scotland)

Unaudited Financial Statements

for the Period 29 November 2016 to 31 December 2017

for

Northwind Leisure (Carlisle) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ian J McDermott

Barry J McDermott

REGISTERED OFFICE:

Soccerworld

20 Croftcroighn Road

Ruchazie

Glasgow

G33 3SE

REGISTERED NUMBER:

SC470331 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

747,975

873,503

CURRENT ASSETS

Stock

650

-

Debtors

5

139,100

86,012

Cash at bank and in hand

19,079

450

158,829

86,462

CREDITORS

Amounts falling due within one year

6

242,625

418,480

NET CURRENT LIABILITIES

(83,796

)

(332,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

664,179

541,485

CREDITORS

Amounts falling due after more than one year

7

660,836

546,219

NET ASSETS/(LIABILITIES)

3,343

(4,734

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,243

(4,834

)

SHAREHOLDERS' FUNDS

3,343

(4,734

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2018 and were signed on its behalf by:

Ian J McDermott - Director

1.	STATUTORY INFORMATION

Northwind Leisure (Carlisle) Limited is a private company, limited by shares , registered in Scotland.

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.

Fittings and equipment

-

7% on cost

Stocks

Stock 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fittings

Heritable

Integral

and

property

features

equipment

Totals

£

£

£

£

COST

At 29 November 2016

264,762

27,297

581,444

873,503

Additions

6,035

-

432

6,467

Disposals

(85,497

)

-

-

(85,497

)

At 31 December 2017

185,300

27,297

581,876

794,473

DEPRECIATION

Charge for period

-

2,084

44,414

46,498

At 31 December 2017

-

2,084

44,414

46,498

NET BOOK VALUE

At 31 December 2017

185,300

25,213

537,462

747,975

At 28 November 2016

264,762

27,297

581,444

873,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

139,100

86,012

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

39,016

190,884

Taxation and social security

2,450

2,264

Other creditors

201,159

225,332

242,625

418,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

660,836

546,219

2017

2016

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

504,773

390,156

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Within other debtors is an amount of £70,050 owed by Mr Ian McDermott. This was paid after the

year end.

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the two directors, Mr Ian McDermott and Mr Barry

McDermott.