Garon Park Bar Limited - Accounts to registrar (filleted) - small 18.2

Garon Park Bar Limited - Accounts to registrar (filleted) - small 18.2

GARON PARK BAR LIMITED - Company Information

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REGISTERED NUMBER: 09727418 (England and Wales)








GARON PARK BAR LIMITED

Unaudited Financial Statements

For The Year Ended 31 December 2017





GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Contents of the Financial Statements
For The Year Ended 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARON PARK BAR LIMITED

Company Information
For The Year Ended 31 December 2017







DIRECTOR: C R Shiret





REGISTERED OFFICE: 1 - 5 Nelson Street
Southend on Sea
Essex
SS1 1EG





REGISTERED NUMBER: 09727418 (England and Wales)
Page 1
GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,047 84,088

CURRENT ASSETS
Stocks 6,207 5,648
Debtors 5 3,619 6,763
Cash at bank 1,603 25,887
11,429 38,298
CREDITORS
Amounts falling due within one year 6 6,500 20,000
NET CURRENT ASSETS 4,929 18,298
TOTAL ASSETS LESS CURRENT
LIABILITIES
79,976
102,386

CREDITORS
Amounts falling due after more than one
year
7
21,963
31,097
NET ASSETS 58,013 71,289

RESERVES
Capital contribution reserve 2,036 3,903
Income and expenditure account 55,977 67,386
58,013 71,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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 notes form part of these financial statements

Page 2 continued...
GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Balance Sheet - continued
31 December 2017


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 Income Statement has not been delivered.

The financial statements were approved by the director on 25 September 2018 and were signed by:





C R Shiret - Director


The notes form part of these financial statements

Page 3
GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Notes to the Financial Statements
For The Year Ended 31 December 2017


1. STATUTORY INFORMATION

Garon Park Bar Limited is a private company, limited by guarantee , 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.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

Judgements and key sources of estimation uncertainty
The preparation of financial statements requires management to make judgements, estimates and assumptions
about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates
and underlying assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Other operating income
Amounts recognised in other operating income relate to pitch fees and ground fees received.

Donations
Other income includes donations received during the year. All donations made are non-refundable unless the
company returns a surplus in future years when the board of directors reserves the right to return the original
amount of any donation received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over 10 years

Stocks
Stocks 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 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.


Page 4 continued...
GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2017


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 January 2017
and 31 December 2017 90,410
DEPRECIATION
At 1 January 2017 6,322
Charge for year 9,041
At 31 December 2017 15,363
NET BOOK VALUE
At 31 December 2017 75,047
At 31 December 2016 84,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,081 808
Other debtors 538 5,955
3,619 6,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other creditors 6,500 20,000

Page 5 continued...
GARON PARK BAR LIMITED (REGISTERED NUMBER: 09727418)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2017


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Other creditors 21,963 31,097

8. ULTIMATE CONTROLLING PARTY

The company is limited by guarantee and is controlled by its board of directors.

Page 6