Huntswood Sports and Leisure Limited - Limited company - abbreviated - 11.6
Huntswood Sports and Leisure Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| FOR |
| HUNTSWOOD SPORTS AND LEISURE LIMITED |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| HUNTSWOOD SPORTS AND LEISURE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants & Registered Auditors |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2014 |
| 2014 | 2013 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Prepayments and accrued income |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 JUNE 2014 |
| The financial statements were approved and authorised for issue by the Board of Directors on and were signed on its behalf by: |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company meets its day to day working capital requirements through an overdraft facility which is |
| repayable on demand. The directors consider that the company will continue to operate within the |
| facility currently agreed. However, the margin of facilities over requirements is not large and, |
| inherently, there can be no certainty in relation to these matters. |
| The company is currently in negotiation with the administrators of Slough ELV Centre Ltd and |
| Blacknest Golf Club Ltd to establish a repayment proposal in respect of monies due from Huntswood |
| Sports & Leisure Ltd to the respective entities. At the date of signing the accounts the final amount |
| and proposed repayment plan had not been agreed. |
| The financial statements do not include any adjustments that would result in a withdrawal of the |
| overdraft facility or the agreement of a payment plan with the administrators. |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Huntswood Sports and Leisure Limited as an |
| individual company and do not contain consolidated financial information as the parent of a group. The |
| company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
| consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | FIXED ASSET INVESTMENTS |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 100.00 |
| On 19 December 2011 Blacknest Golf Club Limited was put into liquidation. There are therefore no |
| results available for the period. |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable otherwise than by instalments | 640,000 | 640,000 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| HUNTSWOOD SPORTS AND LEISURE LIMITED (REGISTERED NUMBER: 04231965) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2014 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 June 2014 and |
| 30 June 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Interest has been charged at HM Revenue and Customs approved rate on the outstanding balance. |