REGISTERED NUMBER:
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M W LEISURE ESTATES LIMITED |
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Abbreviated Accounts |
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for the Year Ended 31 March 2015 |
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REGISTERED NUMBER:
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M W LEISURE ESTATES LIMITED |
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Abbreviated Accounts |
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for the Year Ended 31 March 2015 |
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M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Contents of the Abbreviated Accounts |
for the year ended 31 March 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
M W LEISURE ESTATES LIMITED |
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Company Information |
for the year ended 31 March 2015 |
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DIRECTORS: |
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Mrs L Williams |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Abbreviated Balance Sheet |
31 March 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Abbreviated Balance Sheet - continued |
31 March 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Notes to the Abbreviated Accounts |
for the year ended 31 March 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Freehold property is not depreciated. The directors have a policy of maintaining the property to ensure |
that its value does not diminish over time. The maintenance costs are charged to the profit and loss |
account in the year they are incurred. In the opinion of the directors, depreciation would not be |
material. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is |
the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant |
period. The capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 March 2015 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
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NET BOOK VALUE |
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At 31 March 2015 |
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At 31 March 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
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Additions |
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Disposals | ( |
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Reclassification/transfer | ( |
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At 31 March 2015 |
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DEPRECIATION |
At 1 April 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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At 31 March 2014 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
Reclassification/transfer |
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At 31 March 2015 |
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NET BOOK VALUE |
At 31 March 2015 |
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M W LEISURE ESTATES LIMITED (REGISTERED NUMBER: 06038489) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 March 2015 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | 702,071 | 689,049 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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During the year 40 ordinary B shares were re-classified as 40 ordinary shares. |
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7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2015 and |
31 March 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Interest is charged at the official rate. |