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Unaudited Financial Statements For The Year Ended 31 March 2017 |
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London Leisure Services Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements For The Year Ended 31 March 2017 |
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for |
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London Leisure Services Limited |
London Leisure Services Limited (Registered number: 01350168) |
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Contents of the Financial Statements |
For The Year Ended 31 March 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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London Leisure Services Limited |
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Company Information |
For The Year Ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Mill House |
58 Guildford Street |
Chertsey |
Surrey |
KT16 9BE |
London Leisure Services Limited (Registered number: 01350168) |
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Balance Sheet |
31 March 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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London Leisure Services Limited (Registered number: 01350168) |
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Notes to the Financial Statements |
For The Year Ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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London Leisure Services Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the basis of the company continuing as a going concern for the foreseeable |
future. Reliance is placed on the continued support of certain related parties including the director's estranged wife and two |
trusts in which the director is a trustee. Whilst the amounts are repayable on demand the company is reliant on them not |
being required to be paid until other creditors have been settled. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable in respect of building projects and is |
recognised when legal title has passed to the customer. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Properties are included in tangible assets in accordance with FRS102 as, in the opinion of the directors, there would be |
undue cost and effort to value them each year and thus they cannot be shown as investment properties.The land element of |
freehold property is not depreciated. |
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Stocks |
Stock and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. |
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Taxation |
Taxation represents the sum of tax currently payable, and deferred tax if material. |
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The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the |
end of the reporting period. |
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Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities |
in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount |
of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable |
that sufficient taxable profits will be available to allow all or part of the asset to be recovered. |
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Deferred tax assets and liabilities are measured at the rates that are expected to apply in the period in which the liability is |
settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of |
the reporting period. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
London Leisure Services Limited (Registered number: 01350168) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 March 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are |
valued at the amount prepaid net of any trade discounts due. |
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Creditors |
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past |
event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be |
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing |
for any trade discounts due. |
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Cash at bank and in hand |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or |
less from the date of acquisition or opening of the deposit or similar account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Other debtors |
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London Leisure Services Limited (Registered number: 01350168) |
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Notes to the Financial Statements - continued |
For The Year Ended 31 March 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade creditors |
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Other creditors |
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7. | FIRST YEAR ADOPTION |
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Transitional relief |
On transition to FRS 102, the Company has not needed to take advantage of any transitional reliefs. |