Company Registration No. 08620810 (England and Wales)
BASILDON GOLF COURSE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
BASILDON GOLF COURSE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BASILDON GOLF COURSE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
42,400
52,479
Current assets
Stocks
2,400
1,810
Debtors
14,355
11,745
Cash at bank and in hand
33,409
13,046
50,164
26,601
Creditors: amounts falling due within one year
(129,520)
(76,882)
Net current liabilities
(79,356)
(50,281)
Total assets less current liabilities
(36,956)
2,198
Creditors: amounts falling due after more than one year
3
(98,143)
(115,328)
(135,099)
(113,130)
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
(135,199)
(113,230)
Shareholders' funds
(135,099)
(113,130)
For the financial year ended 30 September 2015 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 and authorised for issue on 21 June 2016
Colin Jenkins
Director
Company Registration No. 08620810
BASILDON GOLF COURSE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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 trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
5% straight line
Plant and machinery
20% straight line basis
Fixtures, fittings & equipment
20% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
BASILDON GOLF COURSE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014 & at 30 September 2015
62,558
Depreciation
At 1 October 2014
10,079
Charge for the year
10,079
At 30 September 2015
20,158
Net book value
At 30 September 2015
42,400
At 30 September 2014
52,479
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £41,634 (2014 - £48,347).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100