Accounts filed on 31-07-2017

Accounts filed on 31-07-2017

FERNDOWN FOREST GOLF LIMITED - Company Information

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Registered number: 02706981
Ferndown Forest Golf Limited
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2017
Prepared By:
Sure Accounting Limited
Certified Accountants
Arena Business Centre
9 Nimrod Way
Ferndown
Dorset
BH21 7UH
Ferndown Forest Golf Limited
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2017
DIRECTORS
Gillian Nash
REGISTERED OFFICE
Office A16 Arena Business Centre
9 Nimrod Way
Ferndown
Dorset
BH21 7UH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02706981
ACCOUNTANTS
Sure Accounting Limited
Certified Accountants
Arena Business Centre
9 Nimrod Way
Ferndown
Dorset
BH21 7UH
Ferndown Forest Golf Limited
ACCOUNTS
FOR THEYEARENDED31 JULY 2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Ferndown Forest Golf Limited
BALANCE SHEET AT 31 July 2017
20172016
Notes££
FIXED ASSETS
Tangible assets2173,337181,677
Investment Assets340,25840,258
213,595221,935
CURRENT ASSETS
Debtors411,09911,100
Cash at bank and in hand84,04044,432
95,13955,532
CREDITORS: Amounts falling due within one year572,72174,491
NET CURRENT ASSETS / (LIABILITIES)22,418(18,959)
TOTAL ASSETS LESS CURRENT LIABILITIES236,013202,976
CAPITAL AND RESERVES
Called up share capital7100,000100,000
Profit and loss account136,013102,976
SHAREHOLDERS' FUNDS236,013202,976
For the year ending 31 July 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 5 April 2018 and signed on their behalf by
.............................
Gillian Nash
Director
Ferndown Forest Golf Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Change In Accounting Policy
In preparing the financial statements for the current year, the company has adopted the following Financial Reporting Standards:
-Financial Reporting Standard for Smaller Entities (effectiveJanuary 2015).
As the market valuation of the property cannot be ascertained with certainty at the Balance Sheet date the adoption of new accounting standards has resulted in the deletion of the freehold revaluation brought forward. The prior year figures have also been restated to show the deletion of the Revaluation Reserve.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Golf Course buildingsstraight line 2%
Freehold Valuationstraight line 2%
Motor Vehiclesreducing balance 25%
Furnishings and Equipmentreducing balance 20%
Computer Equipmentstraight line 33%
1d. Investments
Fixed asset investments are shown at cost less amounts written off. The Investment is a memorial statue and is shown at cost with no depreciation.
Provisions will be made for permanent fluctuations in value.
2. TANGIBLE FIXED ASSETS
GolfFreeholdMotorFurnishings andComputer
CourseValuationVehiclesEquipment

Equipment

Total
££££££
Cost
At 1 August 2016226,65657,5017,08825,6256,262323,132
Disposals--(7,088)--(7,088)
At 31 July 2017226,65657,501-25,6256,262316,044
Depreciation
At 1 August 201691,20015,6505,40623,1516,048141,455
Disposals--(5,406)--(5,406)
For the year4,8001,150-4952136,658
At 31 July 201796,00016,800-23,6466,261142,707
Net Book Amounts
At 31 July 2017130,65640,701-1,9791173,337
At 31 July 2016135,45641,8511,6822,474214181,677
Ferndown Forest Golf Limited
3. FiNANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 1 August 201640,25840,258
At 31 July 201740,25840,258
Amortisation
Net Book Amounts
At 31 July 201740,25840,258
At 31 July 201640,25840,258
4. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors7,9998,000
Other debtors100100
Prepayments3,0003,000
11,09911,100
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax12,18111,668
Other taxes1,9801,914
Directors current account31,82134,821
Trade creditors9,5439,543
Accruals17,19616,545
72,72174,491
6. EMPLOYEES
20172016
No.No.
Average number of employees11
7. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
100,000 Class 1 shares of £1 each100,000100,000
100,000100,000