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GWYNEDD LIFE AND LEISURE LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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REGISTERED NUMBER:
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GWYNEDD LIFE AND LEISURE LIMITED |
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Financial Statements |
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for the Year Ended 31 March 2021 |
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GWYNEDD LIFE AND LEISURE LIMITED (REGISTERED NUMBER: 01112114) |
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Contents of the Financial Statements |
for the year ended 31 March 2021 |
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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 | to | 5 |
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GWYNEDD LIFE AND LEISURE LIMITED |
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Company Information |
for the year ended 31 March 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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First Floor |
Saggar House |
Princes Drive |
Worcester |
WR1 2PG |
GWYNEDD LIFE AND LEISURE LIMITED (REGISTERED NUMBER: 01112114) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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( |
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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 |
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Retained earnings |
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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 and authorised for issue on
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GWYNEDD LIFE AND LEISURE LIMITED (REGISTERED NUMBER: 01112114) |
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Notes to the Financial Statements |
for the year ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Gwynedd Life and Leisure Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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 (2020 - NIL). |
GWYNEDD LIFE AND LEISURE LIMITED (REGISTERED NUMBER: 01112114) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2020 |
and 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 March 2020 |
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The company's investments at the balance sheet date in the share capital of companies include the following: |
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Subsidiary |
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Rosehill Caravan Sales & Sites Limited |
Registered office: Silver Bay Holiday Village, Pentre Gwyddel, Rhoscolyn, Holyhead, Anglesey, Wales, LL65 2RZ. |
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Class of shares: holding |
Ordinary 100.00 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed to group undertakings |
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Directors' current accounts | - | 198,648 |
Accrued expenses |
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6. | 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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7. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group. |
GWYNEDD LIFE AND LEISURE LIMITED (REGISTERED NUMBER: 01112114) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
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8. | ULTIMATE CONTROLLING PARTY |
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At the start of the year the company was under the control of Mrs N Donald, on 3 December 2020 Bulmer Leisure Limited acquired the company and became the controlling party. |
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There is no ultimate controlling party of Bulmer Leisure Limited. |