Christian Spencer Leisure Limited - Accounts to registrar (filleted) - small 17.3
Christian Spencer Leisure Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2017 |
| for |
| Christian Spencer Leisure Limited |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Contents of the Financial Statements |
| for the year ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Christian Spencer Leisure Limited |
| Company Information |
| for the year ended 30 June 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 42 Pitt Street |
| Barnsley |
| South Yorkshire |
| S70 1BB |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Balance Sheet |
| 30 June 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Balance Sheet - continued |
| 30 June 2017 |
| 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 |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Notes to the Financial Statements |
| for the year ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| Christian Spencer Leisure Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover, which is stated net of VAT, represents income from rental of investment property and income arising from the |
| provision of management services. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| No depreciation has been provided on the freehold property because it is represented by development land. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in profit or loss. |
| No depreciation is provided on investment properties as the directors consider that these properties are not held for trading |
| purposes but are held for their investment potential. This treatment accords with the generally accepted accounting treatment |
| set out in SSAP 19 but represents a departure from the requirements of the Companies Act Legislation. It is necessary to |
| adopt SSAP 19 as to depreciate them would not give a true and fair view. |
| 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. |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| property | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2016 |
| and 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| No depreciation has been provided on the freehold property because it is represented by land purchased with a view to |
| construction of a new unit. |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| Shares in group undertakings comprise share capital of TFWB Ltd and TWWSY Ltd, both wholly owned subsidiaries. |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2016 |
| and 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Fair value at 30 June 2017 is represented by: |
| £ |
| Valuation in 2005 | 911,077 |
| Valuation in 2007 | 889,646 |
| Valuation in 2008 | 1,300,759 |
| Valuation in 2012 | 130,000 |
| Valuation in 2014 | (1,830,000 | ) |
| Cost | 6,918,564 |
| 8,320,046 |
| Christian Spencer Leisure Limited (Registered number: 04471405) |
| Notes to the Financial Statements - continued |
| for the year ended 30 June 2017 |
| 5. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Cost | 6,918,564 | 6,918,564 |
| Aggregate depreciation | (1,161,540 | ) | (1,082,463 | ) |
| Investment property was valued on an open market basis on 30 June 2017 by the directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 2,759,719 | 2,925,510 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Bank loans |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2016 |
| and 30 June 2017 |