Five Sisters Zoo Ltd - Period Ending 2015-09-30

Five Sisters Zoo Ltd - Period Ending 2015-09-30


Five Sisters Zoo LtdSC377723falsetrue2014-10-012015-09-302015-09-30SC3777232014-10-012015-09-30SC3777232015-09-30SC377723uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2015-09-30SC377723uk-bus:Director12014-10-012015-09-30SC377723uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2014-10-012015-09-30SC377723uk-gaap:FixturesFittings2014-10-012015-09-30SC3777232014-09-30SC3777232014-09-30SC377723uk-bus:OrdinaryShareClass1uk-bus:Non-cumulativeShares2014-09-30iso4217:GBPxbrli:shares

Registration number: SC377723

Five Sisters Zoo Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

 

Five Sisters Zoo Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 4

 

Five Sisters Zoo Ltd
(Registration number: SC377723)
Abbreviated Balance Sheet at 30 September 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

731,205

   

543,622

 

Current assets

 

             

Stocks

 

   

6,700

   

4,786

 

Debtors

 

   

100,240

   

5,567

 

Cash at bank and in hand

 

   

63,681

   

2,452

 
   

   

170,621

   

12,805

 

Creditors: Amounts falling due within one year

 

   

(909,126)

   

(602,695)

 

Net current liabilities

 

   

(738,505)

   

(589,890)

 

Total assets less current liabilities

 

   

(7,300)

   

(46,268)

 

Creditors: Amounts falling due after more than one year

 

   

(140,316)

   

(69,451)

 

Provisions for liabilities

 

   

(128,217)

   

(87,331)

 

Net liabilities

 

   

(275,833)

   

(203,050)

 

Capital and reserves

 

             

Called up share capital

 

4

   

100

   

100

 

Profit and loss account

 

   

(275,933)

   

(203,150)

 

Shareholders' deficit

 

   

(275,833)

   

(203,050)

 

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 June 2016 and signed on its behalf by:

.........................................
Mr BB Curran
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

 

Five Sisters Zoo Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The accounts have been prepared on a going concern basis as the director has undertaken to continue supporting the company using a loan account with Land and Utility Ltd (fellow subsidiary) until such a time that the company has generated sufficient profits to allow it to be repaid.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

 

Five Sisters Zoo Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 October 2014

 

907,685

   

907,685

 

Additions

 

427,771

   

427,771

 

At 30 September 2015

 

1,335,456

   

1,335,456

 

Depreciation

           

At 1 October 2014

 

364,063

   

364,063

 

Charge for the year

 

240,188

   

240,188

 

At 30 September 2015

 

604,251

   

604,251

 

Net book value

           

At 30 September 2015

 

731,205

   

731,205

 

At 30 September 2014

 

543,622

   

543,622

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

2015
£

   

2014
£

 

 

   

 

Amounts falling due within one year

 

31,786

   

31,786

 

Amounts falling due after more than one year

 

114,321

   

69,451

 

Total secured creditors

 

146,107

   

101,237

 

4

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

5

Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

 

Five Sisters Zoo Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

Land and Utility Limited
(Fellow subsidiary)
Various expenses were paid by Land and Utility Limited on behalf of Five Sisters Zoo Limited. At the balance sheet date the amount due to Land and Utility Limited was £710,401 (2014 - £447,684).

Curran and Curran Limited
(Parent company )
The above operated a loan account with the company during the year. There are no repayment terms and no interest is due on the balance. At the balance sheet date the amount due from Curran and Curran Limited was £85,538 (2014 - £5,566).

6

Control

The company is a wholly owned subsidiary of Curran & Curran Limited. The ultimate controlling party is Brian Curran and Shirley Curran.