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COMPANY REGISTRATION NUMBER 09502597
RURAL RETREATS & LEISURE UK LIMITED
FINANCIAL STATEMENTS
31 March 2016
J D ACCOUNTANCY
Accountants
Unit 3,
37 Watling Street,
Leintwardine,
Shropshire,
SY7 0LW
RURAL RETREATS & LEISURE UK LIMITED
DIRECTOR'S REPORT
PERIOD ENDED 31 MARCH 2016
The director presents her report and the unaudited financial statements of the company for the Period ended 31 March 2016.
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was Publicans and Hoteliers.
THE DIRECTOR AND HER INTERESTS IN THE SHARES OF THE COMPANY
The director who served the company during the Period together with her beneficial interests in the shares of the company was as follows:
Ordinary Shares of £0.01 each
At 31 March 2016
Mrs R C Williams
-
----
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Registered office: Signed by
Unit 3
37 Watling Street
Leintwardine
Craven Arms
Shropshire
SY7 0LW
Mrs R C Williams
Director
Approved by the director on 19 December 2016
RURAL RETREATS & LEISURE UK LIMITED
PROFIT AND LOSS ACCOUNT
PERIOD ENDED 31 MARCH 2016
2016
Note
£
TURNOVER
1,243,524
Cost of sales
669,780
----------
GROSS PROFIT
573,744
Administrative expenses
372,030
----------
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
201,714
Tax on profit on ordinary activities
----------
PROFIT FOR THE FINANCIAL PERIOD
201,714
----------
RURAL RETREATS & LEISURE UK LIMITED
BALANCE SHEET
31 March 2016
2016
Note
£
£
FIXED ASSETS
Tangible assets
3
319,610
CURRENT ASSETS
Stocks
14,138
Cash at bank
104,961
----------
119,099
CREDITORS: Amounts falling due within one year
4
236,985
----------
NET CURRENT LIABILITIES
( 117,886)
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
201,724
----------
CAPITAL AND RESERVES
Called up equity share capital
5
10
Profit and loss account
201,714
----------
SHAREHOLDERS' FUNDS
201,724
----------
For the Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the Period in question in accordance with section 476; and
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts were approved and signed by the director and authorised for issue on 19 December 2016 .
Mrs R C Williams Director
Company Registration Number: 09502597
RURAL RETREATS & LEISURE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 MARCH 2016
1. ACCOUNTING POLICIES
Basis of accounting
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).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the Period, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings-20% Reducing Balance
Motor Vehicles-20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. OPERATING PROFIT
Operating profit is stated after charging:
2016
£
Director's remuneration
6,000
Depreciation of owned fixed assets
79,902
---------
3. TANGIBLE ASSETS
Fixtures & Fittings
Motor Vehicles
Total
£
£
£
COST
Additions
357,012
42,500
399,512
----------
---------
----------
At 31 March 2016
357,012
42,500
399,512
----------
---------
----------
DEPRECIATION
Charge for the Period
71,402
8,500
79,902
---------
-------
---------
At 31 March 2016
71,402
8,500
79,902
---------
-------
---------
NET BOOK VALUE
At 31 March 2016
285,610
34,000
319,610
----------
---------
----------
4. CREDITORS: Amounts falling due within one year
2016
£
Trade creditors
22,499
Other taxation and social security
12,275
Other creditors
202,211
----------
236,985
----------
5. SHARE CAPITAL
Allotted, called up and fully paid:
No.
£
Ordinary shares of £ 0.01 each
1,000
10
-------
----
RURAL RETREATS & LEISURE UK LIMITED
MANAGEMENT INFORMATION
PERIOD ENDED 31 MARCH 2016
The following page does not form part of the statutory financial statements .
RURAL RETREATS & LEISURE UK LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
PERIOD ENDED 31 MARCH 2016
2016
£
£
TURNOVER
1,243,524
COST OF SALES
Purchases
528,957
Direct wages
154,961
----------
683,918
Closing stock - finished goods
(14,138)
----------
669,780
-------------
GROSS PROFIT
573,744
OVERHEADS
Administrative expenses
372,030
----------
PROFIT ON ORDINARY ACTIVITIES
201,714
----------
NOTES:
ADMINISTRATIVE EXPENSES
Personnel costs
Directors salaries
6,000
Establishment expenses
Rent, rates and water
100,816
Light and heat
60,759
Insurance
21,256
Repairs and maintenance (allowable)
41,164
----------
223,995
General expenses
Travel and subsistence
12,718
Telephone
4,002
Printing, stationery and postage
4,348
Laundry and cleaning
19,762
Advertising
7,233
Accountancy fees
6,278
Depreciation
79,902
----------
134,243
Financial costs
Bank charges
7,792
----------
372,030
----------