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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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ASCOT EVENTS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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ASCOT EVENTS LIMITED |
ASCOT EVENTS LIMITED (REGISTERED NUMBER: 03862073) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
ASCOT EVENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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ASCOT EVENTS LIMITED (REGISTERED NUMBER: 03862073) |
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ABBREVIATED BALANCE SHEET |
31 OCTOBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
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/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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 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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The financial statements were approved by the director on
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ASCOT EVENTS LIMITED (REGISTERED NUMBER: 03862073) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, services provided and equipment rental/hire, excluding value |
added tax. |
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Tangible fixed assets |
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Plant & Equipment | - |
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Computer Equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 November 2015 |
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Additions |
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At 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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ASCOT EVENTS LIMITED (REGISTERED NUMBER: 03862073) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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4. | RELATED PARTY DISCLOSURES |
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The ultimate controlling parties are D J Owen and G N Thomas by virtue of their shareholdings. |
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During the year, the company hired and purchased plant & equipment totalling £571,000 (2015: £550,000) from |
Ascot Event Hire Limited, a company which G N Thomas controls. |
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There was a amount outstanding at 31 October 2016 of £150,000 (2015: £150,000). |
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There is also a loan to Ascot Event Hire Limited totalling £222,444 (2015: £226,900) in connection with |
re-charged costs which Ascot Events Limited paid on behalf of the related party. |
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Included in Other Creditors is a loan from G N Thomas totalling £8,003 (2015: £5,468). The loan is interest free |
with no fixed repayment date. |
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During the year, the company rented its property from R.C. & G.T. Limited, a company in which G N Thomas is |
a director and shareholder. During the period, accommodation costs payable by Ascot Events Limited to R.C. & |
G.T. Limited amounted to £32,652 (2015: £31,096). There were no amounts outstanding as at the year end. |
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All transactions were undertaken at market value on normal commercial terms. |