Company Registration No. 02868814 (England and Wales)
SANDOWN PIER LEISURE LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
Richard Anthony
Chartered Accountants
SANDOWN PIER LEISURE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
SANDOWN PIER LEISURE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,958,229
2,942,355
Current assets
Stocks
24,630
29,150
Debtors
253,096
237,367
Cash at bank and in hand
196,553
216,185
474,279
482,702
Creditors: amounts falling due within one year
(408,882)
(423,679)
Net current assets
65,397
59,023
Total assets less current liabilities
3,023,626
3,001,378
Creditors: amounts falling due after more than one year
(132,500)
(132,500)
Provisions for liabilities
(20,621)
(2,038)
2,870,505
2,866,840
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
2,269,469
2,269,469
Profit and loss account
600,936
597,271
Shareholders' funds
2,870,505
2,866,840
SANDOWN PIER LEISURE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 September 2016
G W Peak
E J Peak
Director
Director
Company Registration No. 02868814
SANDOWN PIER LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and payouts and refills.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and Buildings Freehold
Nil
Improvements to Premises
20% on written down value
Gaming Equipment
25% on straight line
Furniture and Fittings
20% on written down value
Motor Vehicles
25% on written down value
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 April 2015
6,449,740
Additions
120,786
Disposals
(3,220)
At 31 March 2016
6,567,306
Depreciation
At 1 April 2015
3,507,385
On disposals
(2,493)
Charge for the year
104,185
At 31 March 2016
3,609,077
Net book value
At 31 March 2016
2,958,229
At 31 March 2015
2,942,355
SANDOWN PIER LEISURE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary share of £1 each
100
100