SKY WALK ADVENTURE (ESHER) LIMITED

SKY WALK ADVENTURE (ESHER) LIMITED

THX1138-2 LIMITED - Company Information

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SKY WALK ADVENTURE (ESHER) LIMITED

Company Registration Number:
10000139 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2018

Period of accounts

Start date: 01 March 2017

End date: 28 February 2018

SKY WALK ADVENTURE (ESHER) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2018

Balance sheet
Notes

SKY WALK ADVENTURE (ESHER) LIMITED

Balance sheet

As at 28 February 2018


Notes
2018
13 months to 28 February 2017


£
£
Fixed assets
Tangible assets: 3 167,156 135,611
Total fixed assets: 167,156 135,611
Current assets
Debtors:   1,065 33,549
Cash at bank and in hand: 14,706 41,460
Total current assets: 15,771 75,009
Creditors: amounts falling due within one year: 4 (195,396) (222,884)
Net current assets (liabilities): (179,625) (147,875)
Total assets less current liabilities: (12,469) (12,264)
Total net assets (liabilities): (12,469) (12,264)
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (13,469) (13,264)
Shareholders funds: (12,469) (12,264)

The notes form part of these financial statements

SKY WALK ADVENTURE (ESHER) LIMITED

Balance sheet statements

For the year ending 28 February 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2018
and signed on behalf of the board by:

Name: Peter Le Masurier
Status: Director

The notes form part of these financial statements

SKY WALK ADVENTURE (ESHER) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risksand rewards of ownership of the goods have transferred to the buyer. Turnover from the renderingof services is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over itsexpected useful life, as follows:Course construction over 10 yearsFixtures, fittings, tools and equipment over 3 - 5 years

Other accounting policies

DEBTORSShort term debtors are measured at transaction price (which is usually the invoice price), less anyimpairment losses for bad and doubtful debts. Loans and other financial assets are initiallyrecognised at transaction price including any transaction costs and subsequently measured atamortised cost determined using the effective interest method, less any impairment losses for badand doubtful debts.CREDITORSShort term creditors are measured at transaction price (which is usually the invoice price). Loansand other financial liabilities are initially recognised at transaction price net of any transaction costsand subsequently measured at amortised cost determined using the effective interest method.TAXATIONA current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back torecover tax paid in a previous period. Deferred tax is recognised in respect of all timing differencesbetween the recognition of income and expenses in the financial statements and their inclusion intax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to theextent that it is probable that they will be recovered against the reversal of deferred tax liabilities orother future taxable profits. Deferred tax is measured using the tax rates and laws that have beenenacted or substantively enacted by the reporting date and that are expected to apply to thereversal of the timing difference, except for revalued land and investment property where the taxrate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities arenot discounted.

SKY WALK ADVENTURE (ESHER) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

2. Employees

2018 13 months to 28 February 2017
Average number of employees during the period 5 0

SKY WALK ADVENTURE (ESHER) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

3. Tangible Assets

Total
Cost £
At 01 March 2017 135,611
Additions 49,907
At 28 February 2018 185,518
Depreciation
At 01 March 2017 0
Charge for year 18,362
At 28 February 2018 18,362
Net book value
At 28 February 2018 167,156
At 28 February 2017 135,611

SKY WALK ADVENTURE (ESHER) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

4. Creditors: amounts falling due within one year note

Trade creditors: 2018: £20,640 2017: £52,683Other creditors: 2018 £174,756 2017: £170,201

SKY WALK ADVENTURE (ESHER) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

5. Related party transactions

Name of the related party: Commercial Finance Limited
Relationship:
A company under the control of a shareholder
Description of the Transaction: Loan of cash funds
£
Balance at 01 March 2017 169,200
Balance at 28 February 2018 169,200
Name of the related party: Peter Le Masurier
Relationship:
Director and shareholder
Description of the Transaction: Loan of funds to purchase shares
£
Balance at 01 March 2017 100
Balance at 28 February 2018 100
Name of the related party: Nichola Hagans
Relationship:
Shareholder and former director
Description of the Transaction: Loan of funds to purchase shares
£
Balance at 01 March 2017 100
Balance at 28 February 2018 100
Name of the related party: Sandown Sports Club Ltd
Relationship:
A company under the control of common shareholders and directors
Description of the Transaction: Inter-company loan account for products and services purchased by Sandown Sports Club on behalf of the company.
£
Balance at 01 March 2017 29,831
Balance at 28 February 2018 4,130
Name of the related party: Sloane Demolition Ltd
Relationship:
A company under the control of a shareholder
Description of the Transaction: Unpaid services provided to the company by Sloane Demolition Ltd
£
Balance at 01 March 2017 12,000
Balance at 28 February 2018 12,004