Year Ended
Company Registration Number:
Renown Leisure Limited
Contents
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Renown Leisure Limited
Abbreviated Balance Sheet
31 March 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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1
Renown Leisure Limited
Abbreviated Balance Sheet
31 March 2016
......... continued
Approved by the Board on
Mr M J Kelsall-Spurr
Director
Company Registration Number: 02998763
2
Renown Leisure Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Motor vehicles |
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Office equipment |
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Stock
Hire purchase and leasing
Renown Leisure Limited
Notes to the Abbreviated Accounts
Year Ended
31 March 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2015 |
84,062 |
230,563 |
314,625 |
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Additions |
- |
23,797 |
23,797 |
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At 31 March 2016 |
84,062 |
254,360 |
338,422 |
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Depreciation |
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At 1 April 2015 |
84,061 |
140,953 |
225,014 |
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Charge for the year |
- |
25,270 |
25,270 |
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At 31 March 2016 |
84,061 |
166,223 |
250,284 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
10,000 |
3,333 |
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Amounts falling due after more than one year |
10,556 |
3,611 |
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Total secured creditors |
20,556 |
6,944 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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