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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2017 |
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CENTRAL PARK ACADEMY LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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CENTRAL PARK ACADEMY LIMITED |
CENTRAL PARK ACADEMY LIMITED (REGISTERED NUMBER: 07312819) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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CENTRAL PARK ACADEMY LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 July 2017 |
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DIRECTORS: |
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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 Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
CENTRAL PARK ACADEMY LIMITED (REGISTERED NUMBER: 07312819) |
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STATEMENT OF FINANCIAL POSITION |
31 July 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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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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( |
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RESERVES |
Income and expenditure account | ( |
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( |
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The directors acknowledge their 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 surplus or deficit 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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CENTRAL PARK ACADEMY LIMITED (REGISTERED NUMBER: 07312819) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2017 |
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1. | STATUTORY INFORMATION |
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Central Park Academy Limited is a
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The company's 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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Going concern |
The company is dependent on the financial and management support of its directors and associated undertaking |
Wigan Rugby League Club Limited, both of which have confirmed their intention to support the business for the |
foreseeable future. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable in respect of rentals and |
services provided, excluding value added tax. |
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Turnover generated from gym membership income is recognised on a straight line basis over the membership |
period to which it relates. |
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Tangible fixed assets |
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Improvements to property | - |
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Equipment | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost less depreciation. |
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Impairment of assets |
At each reporting date assets are reviewed to determine whether there is any indication that those assets have |
suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, |
the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
immediately in profit or loss. |
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Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised |
estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying |
amount that would have been determined (net of depreciation) had no impairment loss been recognised for the |
asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
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Financial instruments |
Short term financial assets are measured at transaction price less any impairment. Short term financial liabilities |
are measured at transaction price. |
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Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the |
undiscounted amount due. |
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Associated undertaking loans payable and receivable are measured at the undiscounted amount due as they are |
deemed to be repayable on demand. |
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CENTRAL PARK ACADEMY LIMITED (REGISTERED NUMBER: 07312819) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2017 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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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 |
Improvements | Fixtures |
to | and | Computer |
property | Equipment | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2016 |
and 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to associated undertakings | 142,715 | 164,986 |
Social security and other taxes |
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Director's current account | 30,000 | 30,000 |
Accrued expenses |
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7. | LIMITED BY GUARANTEE |
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The company is a private company limited by guarantee and consequently does not have any share capital. Each |
of the members is liable to contribute an amount not exceeding £10 (in total £20) towards the assets of the |
company in the event of liquidation. |
CENTRAL PARK ACADEMY LIMITED (REGISTERED NUMBER: 07312819) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2017 |
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8. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its results under FRS 102 Section 1A for small entities. The |
Directors have concluded that there are no measurement differences between the previous UK GAAP and FRS |
102 Section 1A. |
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Amounts owed to associated undertakings have been reclassified as due within one year as deemed to be |
repayable on demand. |