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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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OLTON GROUNDS LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 |
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FOR |
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OLTON GROUNDS LIMITED |
OLTON GROUNDS LIMITED (REGISTERED NUMBER: 00053779) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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OLTON GROUNDS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 September 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
Logistics House |
1325a Stratford Road |
Hall Green |
Birmingham |
West Midlands |
B28 9HH |
OLTON GROUNDS LIMITED (REGISTERED NUMBER: 00053779) |
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BALANCE SHEET |
30 September 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors the Board of Directors and authorised for issue on
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OLTON GROUNDS LIMITED (REGISTERED NUMBER: 00053779) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2019 |
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1. | STATUTORY INFORMATION |
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Olton Grounds Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2018 |
and 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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OLTON GROUNDS LIMITED (REGISTERED NUMBER: 00053779) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by participating interests | 283,808 | 285,746 |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | 0.01 | 4,130 | 4,130 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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The company has a close working relationship with its ultimate parent company, West Warwickshire Sports |
Complex Limited, a company registered in England. At the year end, the amount due from West Warwickshire |
Sports Complex Limited was £275,525 (2018: £277,463). |
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West Warwickshire Club Limited , a company registered in England, is a related party by way of being a 100% |
subsidiary of West Warwickshire Sports Complex Limited. There were no related party transactions during th |
year. At the end of the year, the amount due from West Warwickshire Club Limited was £8,283 (2018: £8,283. |
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Both related party balances at the year end are repayable on demand. |
These are shown in Note 4 of the financial statements. |
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The company has related party connections with West Warwickshire Development Trust, a trust registered in |
England, by virtue of sharing Trustees and Directors.There were no related party transactions with the trust |
during the year. |
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10. | ULTIMATE CONTROLLING PARTY |
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The parent company is West Warwickshire Sports Complex Limited, a charitable company registered in |
England, which holds 79.07% (2018: 79.07%) of issued share capital of the company. |
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There is no ultimate controlling party as West Warwickshire Sports Complex Limited is a charity limited by |
guarantee and has no person or company with significant control. |