| THORPE PARK (LINCOLN) MANAGEMENT COMPANY LIMITED |
| Registered number: |
08489742 |
| Balance Sheet |
| as at 31 May 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
97,659 |
|
|
43,640 |
|
| Creditors: amounts falling due within one year |
3 |
|
(207,425) |
|
|
(138,882) |
|
| Net current liabilities |
|
|
|
(207,425) |
|
|
(138,882) |
|
| Net liabilities |
|
|
|
(109,766) |
|
|
(95,242) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
(109,776) |
|
|
(95,252) |
|
| Shareholders' funds |
|
|
|
(109,766) |
|
|
(95,242) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| V Dineen |
| Director |
| Approved by the board on 16 August 2017 |
|
| THORPE PARK (LINCOLN) MANAGEMENT COMPANY LIMITED |
| Notes to the Accounts |
| for the year ended 31 May 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
Motor Vehicles |
25% reducing balance |
|
|
| 2 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 June 2016 |
- |
|
44,607 |
|
18,488 |
|
63,095 |
|
Additions |
54,019 |
|
- |
|
- |
|
54,019 |
|
At 31 May 2017 |
54,019 |
|
44,607 |
|
18,488 |
|
117,114 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2016 |
- |
|
13,097 |
|
6,358 |
|
19,455 |
|
At 31 May 2017 |
- |
|
13,097 |
|
6,358 |
|
19,455 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2017 |
54,019 |
|
31,510 |
|
12,130 |
|
97,659 |
|
At 31 May 2016 |
- |
|
31,510 |
|
12,130 |
|
43,640 |
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other taxes and social security costs |
(17,379) |
|
(9,139) |
|
Director's Loan Account |
(2,810) |
|
2,810 |
|
Other creditors |
227,614 |
|
145,211 |
|
|
|
|
|
|
207,425 |
|
138,882 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Related party transactions |
|
Thorpe Park Holiday Lodges Limited |
|
Thorpe Park Holiday Lodges Limited is a company in which V Dineen is a director and shareholder. As at the 31 May 2016 the total amount of loans made by Thorpe Park Holiday Lodges Limited to the company and outstanding at the year end is £145,938. |
|
|
|
|
|
|
|
2017 |
|
2016 |
| £ |
£ |
|
|
Amount due to related party at balance sheet date |
145,938 |
|
65,025 |
|
| 5 |
Other information |
|
|
THORPE PARK (LINCOLN) MANAGEMENT COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Middle Lane |
|
Thorpe-On-The-Hill |
|
Lincoln |
|
LN6 9AJ |
