Northumbrian Leisure Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03734411 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2014

for

Northumbrian Leisure Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H G Thompson

Mrs E M Thompson

N Thompson

Mrs S M Thompson

SECRETARY:

Eversecretary Limited

REGISTERED OFFICE:

Central Square South

Orchard Street

Newcastle upon Tyne

Tyne and Wear

NE1 3XX

REGISTERED NUMBER:

03734411 (England and Wales)

ACCOUNTANTS:

Hindsight Tax Consultants Limited

12 The Riverside Studios

Amethyst Road

Newcastle upon Tyne

NE4 7YL

BANKERS:

Barclays Bank Plc

PO Box 22

22/24 Hide Hill

Berwick upon Tweed

Northumberland

TD15 1YT

FIXED ASSETS

Tangible assets

2

7,495,809

7,200,003

Investments

3

2

2

7,495,811

7,200,005

CURRENT ASSETS

Stocks

282,330

284,738

Debtors

994,880

878,936

Investments

1,300,000

-

Cash at bank

868,605

591,152

3,445,815

1,754,826

CREDITORS

Amounts falling due within one year

4

(2,867,403

)

(2,392,275

)

NET CURRENT ASSETS/(LIABILITIES)

578,412

(637,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,074,223

6,562,556

CREDITORS

Amounts falling due after more than one year

4

(5,244,115

)

(5,530,503

)

NET ASSETS

2,830,108

1,032,053

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

2,830,008

1,031,953

SHAREHOLDERS' FUNDS

2,830,108

1,032,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

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 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 June 2015 and were signed on its behalf by:

N Thompson - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

Income represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

10% on reducing balance and not provided

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Caravan hire fleet

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and credited

to the profit and loss account over the expected useful life of the assets to which they relate.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The

company has taken advantage of the exemption provided by Section 248 of the Companies Act 1985 not to

prepare group accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

8,002,515

Additions

453,702

Disposals

(82,190

)

At 31 December 2014

8,374,027

DEPRECIATION

At 1 January 2014

802,512

Charge for year

132,873

Eliminated on disposal

(57,167

)

At 31 December 2014

878,218

NET BOOK VALUE

At 31 December 2014

7,495,809

At 31 December 2013

7,200,003

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

2

NET BOOK VALUE

At 31 December 2014

2

At 31 December 2013

2

4.

CREDITORS

Creditors include an amount of £ 5,561,204 (31.12.13 - £ 5,859,126 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

30

"A" Ordinary

£1

30

30

35

"B" Ordinary

£1

35

35

25

"C" Ordinary

£1

25

25

10

"D" Ordinary

£1

10

10

100

100