|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
GREENWOOD FOREST PARK LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2017 |
|
FOR |
|
GREENWOOD FOREST PARK LTD |
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 March 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
GREENWOOD FOREST PARK LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 March 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
13 Trinity Square |
Llandudno |
North Wales |
LL30 2RB |
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
BALANCE SHEET |
31 March 2017 |
|
31.3.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
BALANCE SHEET - continued |
31 March 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 March 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Greenwood Forest Park Ltd is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
receivable services rendered, stated net of discounts and of Value Added Tax. |
|
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that |
future economic benefits will flow to the entity. |
|
Goodwill |
|
|
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. |
Cost includes costs directly attributable to making an asset capable of operating as intended. With the exception |
of Land and Buildings depreciation is provided on tangible fixed assets at the following rates in order to write off |
the costs less an estimated residual value of each asset over its expected useful life |
|
Land and buildings | Not Depreciated |
Fixtures & Fittings | 10% Reducing Balance |
Computers | 25% on Cost |
Plant & Machinery | At Varying Rates |
|
On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is |
recognised in profit or loss account. |
|
In the opinion of the directors, the market value of freehold land and buildings is at least the cost of the assets as |
shown in the financial statements. The directors therefore consider that depreciating freehold land and buildings |
on an annual basis is not required. This is a departure from the Companies Act 2006 which requires all properties |
to be depreciated. The directors consider that to depreciate them would not allow the financial statements to give |
a true and fair view. |
|
Stocks |
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is |
determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in |
the period in which the related revenue is recognised. |
|
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 March 2017 |
|
|
2. | ACCOUNTING POLICIES - continued |
Taxation |
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A |
current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous |
period. |
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in |
the financial statements and their inclusion in tax assessments. |
|
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. |
|
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
reporting date and that are expected to apply to the reversal of the timing difference. |
|
Current and deferred tax assets and liabilities are not discounted. |
|
Foreign currencies |
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the |
transaction. |
|
At the end of each reporting period foreign currency monetary items are translated at the closing rate of |
exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of |
the transaction. All differences are charged to profit or loss. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
Leases |
Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of |
the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of |
ownership of the leased assets to the company are classified as operating leases. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 March 2017 |
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
|
|
|
Additions |
|
|
|
Disposals | ( |
) | ( |
) | ( |
) |
At 31 March 2017 |
|
|
|
DEPRECIATION |
At 1 April 2016 |
|
|
|
Charge for year |
|
|
|
Eliminated on disposal |
|
( |
) | ( |
) |
At 31 March 2017 |
|
|
|
NET BOOK VALUE |
At 31 March 2017 |
|
|
|
At 31 March 2016 |
|
|
|
|
Land and buildings are not depreciated. Included in the cost of land and buildings if freehold land of £509,130 |
(2016 - £509,130). |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 March 2017 |
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Bank loans |
|
|
Other creditors |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Loans > 1 Year | 610,424 | 666,745 |
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.3.17 | 31.3.16 |
£ | £ |
Bank overdraft |
|
|
Bank loans |
|
|
|
|
|
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the years ended 31 March 2017 and |
31 March 2016: |
|
31.3.17 | 31.3.16 |
£ | £ |
|
Balance outstanding at start of year |
|
( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
GREENWOOD FOREST PARK LTD (REGISTERED NUMBER: 04769234) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 March 2017 |
|
|
11. | TRANSITION TO FRS 102 |
|
This is the first year in which the financial statements have been prepared under FRS 102. |