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Abbreviated Unaudited Accounts |
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for the Year Ended |
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31 January 2016 |
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for |
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Northern Star Leisure Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended |
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31 January 2016 |
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for |
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Northern Star Leisure Limited |
Northern Star Leisure Limited (Registered number: SC278582) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Northern Star Leisure Limited |
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Company Information |
for the Year Ended 31 January 2016 |
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DIRECTOR: |
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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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Northern Star Leisure Limited (Registered number: SC278582) |
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Abbreviated Balance Sheet |
31 January 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 | 3,578,422 | 3,574,777 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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 director on
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Northern Star Leisure Limited (Registered number: SC278582) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis of accounting. As at 31 January 2016 the company |
had net current liabilities of £723,741. The director considers that the going concern basis of accounting is appropriate due |
to his continuing support and that of the company's banking facilities. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents income from the operation of caravan parks including caravan sales, pitch rentals, site fees and |
services provided in relation to the operation of the caravan parks excluding value added tax. Turnover is recognised at the |
point where the company obtains the right to consideration in exchange for delivery of its goods or services. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if |
held under a finance lease, over the lease term, whichever is the shorter. |
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Freehold Property |
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Plant and Machinery |
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Fixtures and Fittings |
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Computer Equipment |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the |
future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits |
and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in |
periods different from those in which they are recognised in the financial statements. |
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Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are |
expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. |
Deferred tax is measured on a non-discounted basis. |
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Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
Northern Star Leisure Limited (Registered number: SC278582) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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Disposals | ( |
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At 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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3. | 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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2016 | 2015 |
£ | £ |
Repayable by instalments | 915,742 | 1,031,035 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | ULTIMATE PARENT COMPANY |
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The company considers its ultimate parent company to be Mark Seaton Holdings Limited, a company registered in |
Scotland. |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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