Northumbrian Leisure Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03734411 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

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:

Prima Secretary Limited

REGISTERED OFFICE:

Bond Dickinson LLP

St Ann's Wharf

112 Quayside

Newcastle upon Tyne

Tyne and Wear

NE1 3DX

REGISTERED NUMBER:

03734411 (England and Wales)

ACCOUNTANTS:

Hindsight Tax Consultants Limited

Yours Business Networks

7-8 Delta Bank Road

Gateshead

Tyne and Wear

NE11 9DJ

BANKERS:

Barclays Bank Plc

PO Box 22

22/24 Hide Hill

Berwick upon Tweed

Northumberland

TD15 1YT

FIXED ASSETS

Tangible assets

2

7,664,650

7,495,809

Investments

3

2

7,664,652

7,495,811

CURRENT ASSETS

Stocks

375,653

282,330

Debtors

601,777

994,880

Investments

1,300,000

Cash at bank

1,417,764

868,605

3,695,194

3,445,815

CREDITORS

Amounts falling due within one year

4

(2,941,815

)

(2,867,403

)

NET CURRENT ASSETS

753,379

578,412

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,418,031

8,074,223

CREDITORS

Amounts falling due after more than one
year

4

(4,900,128

)

(5,244,115

)

PROVISIONS FOR LIABILITIES

(121,000

)

-

NET ASSETS

3,396,903

2,830,108

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

3,396,803

2,830,008

SHAREHOLDERS' FUNDS

3,396,903

2,830,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 24 May 2016 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 January 2015).

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 2015

8,374,027

Additions

315,243

Disposals

(20,866

)

At 31 December 2015

8,668,404

DEPRECIATION

At 1 January 2015

878,218

Charge for year

140,135

Eliminated on disposal

(14,599

)

At 31 December 2015

1,003,754

NET BOOK VALUE

At 31 December 2015

7,664,650

At 31 December 2014

7,495,809

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

2

NET BOOK VALUE

At 31 December 2015

2

At 31 December 2014

2

4.

CREDITORS

Creditors include an amount of £ 5,188,484 (31.12.14 - £ 5,561,204 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

30

"A" Ordinary

£1

30

35

"B" Ordinary

£1

35

25

"C" Ordinary

£1

25

10

"D" Ordinary

£1

10

100