The Players Club UK Limited Filleted accounts for Companies House (small and micro)

The Players Club UK Limited Filleted accounts for Companies House (small and micro)

THE PLAYERS CLUB UK LIMITED - Company Information

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1 false false false false false false false false false true false false true false false true true true No description of principal activity 2018-10-01 Sage Accounts Production Advanced 2020 - FRS102_2014 93,684 391,382 485,066 485,066 93,684 xbrli:pure xbrli:shares iso4217:GBP 05774782 2018-10-01 2019-09-30 05774782 2019-09-30 05774782 2018-09-30 05774782 2018-09-30 05774782 bus:OrdinaryShareClass1 2018-10-01 2019-09-30 05774782 bus:Director1 2018-10-01 2019-09-30 05774782 core:LandBuildings 2018-10-01 2019-09-30 05774782 core:AfterOneYear 2019-09-30 05774782 core:AfterOneYear 2018-09-30 05774782 core:WithinOneYear 2019-09-30 05774782 core:WithinOneYear 2018-09-30 05774782 core:ShareCapital 2019-09-30 05774782 core:ShareCapital 2018-09-30 05774782 core:SharePremium 2019-09-30 05774782 core:SharePremium 2018-09-30 05774782 core:RetainedEarningsAccumulatedLosses 2019-09-30 05774782 core:RetainedEarningsAccumulatedLosses 2018-09-30 05774782 core:LandBuildings 2019-09-30 05774782 core:LandBuildings 2018-09-30 05774782 core:LandBuildings 2018-09-30 05774782 bus:SmallEntities 2018-10-01 2019-09-30 05774782 bus:Audited 2018-10-01 2019-09-30 05774782 bus:FullAccounts 2018-10-01 2019-09-30 05774782 bus:SmallCompaniesRegimeForAccounts 2018-10-01 2019-09-30 05774782 bus:PrivateLimitedCompanyLtd 2018-10-01 2019-09-30 05774782 bus:OrdinaryShareClass1 2019-09-30 05774782 bus:OrdinaryShareClass1 2018-09-30 05774782 core:ParentEntities 2018-10-01 2019-09-30
COMPANY REGISTRATION NUMBER: 05774782
The Players Club UK Limited
Filleted Financial Statements
30 September 2019
The Players Club UK Limited
Statement of Financial Position
30 September 2019
2019
2018
Note
£
£
Fixed assets
Tangible assets
5
485,066
93,684
Current assets
Debtors
6
19,200
–
Cash at bank and in hand
100,000
–
---------
----
119,200
–
Creditors: amounts falling due within one year
7
7,138
2,500
---------
------
Net current assets/(liabilities)
112,062
( 2,500)
---------
-------
Total assets less current liabilities
597,128
91,184
Creditors: amounts falling due after more than one year
8
903,551
286,990
---------
---------
Net liabilities
( 306,423)
( 195,806)
---------
---------
Capital and reserves
Called up share capital
9
1,000
1,000
Share premium account
1,100,009
1,100,009
Profit and loss account
( 1,407,432)
( 1,296,815)
-----------
-----------
Shareholders deficit
( 306,423)
( 195,806)
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 3 September 2020 , and are signed on behalf of the board by:
D E D Allen
Director
Company registration number: 05774782
The Players Club UK Limited
Notes to the Financial Statements
Year ended 30 September 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 15 Livesey Street, Sheffield, S Yorkshire, S6 2BL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The accounts have been prepared on a going concern basis on the understanding that the company will continue to receive the support of its parent company, A&S Leisure Group Limited, and the ultimate controlling shareholder for a period of at least 12 months after the date the balance sheet was signed.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of A&S Leisure Group Limited which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2018: Nil).
5. Tangible assets
Assets under the course of construction
£
Cost
At 1 October 2018
93,684
Additions
391,382
---------
At 30 September 2019
485,066
---------
Depreciation
At 1 October 2018 and 30 September 2019
–
---------
Carrying amount
At 30 September 2019
485,066
---------
At 30 September 2018
93,684
---------
6. Debtors
2019
2018
£
£
Other debtors
19,200
–
-------
----
7. Creditors: amounts falling due within one year
2019
2018
£
£
Social security and other taxes
4,638
–
Other creditors
2,500
2,500
------
------
7,138
2,500
------
------
8. Creditors: amounts falling due after more than one year
2019
2018
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
903,551
286,990
---------
---------
9. Called up share capital
Authorised share capital
2019
2018
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
------
------
------
------
Issued, called up and fully paid
2019
2018
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
------
------
------
------
10. Capital commitments
At the year end the company had committed to the development of a casino site in Manchester with a cost of approximately £3,837,000.
11. Operating lease commitments
The company has committed to the lease of a premises in Manchester which is undergoing development. The lease is £344,011 per annum, commencing approximately 12 months post completion of the development and with a 15 year break option. The amount of the operating lease commitment will therefore be approximately £4,816,154 in total over the term of the lease, which expires over 5 years post the balance sheet date.
12. Summary audit opinion
The auditor's report for the year dated 3 September 2020 was unqualified.
The senior statutory auditor was Stephen Allen ACA FCCA , for and on behalf of Allen, West and Foster Limited .
13. Related party transactions
The whole of the issued share capital of the company was acquired on 31st December 2014 by the A & S Leisure Group Limited, a company registered in England and Wales. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
14. Controlling party
The ultimate parent company is The A & S Leisure Group Limited, a company incorporated in the United Kingdom, and whose registered office is 15 Livesey Street,Sheffield, South Yorkshire S6 2BL.