REGISTERED NUMBER: 04662834 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2017

for

Abbey Sports & Leisure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

P Taylor

Mrs G Taylor

SECRETARY:

P Taylor

REGISTERED OFFICE:

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

REGISTERED NUMBER:

04662834 (England and Wales)

ACCOUNTANTS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Intangible assets

4

4

4

Tangible assets

5

719,190

750,308

719,194

750,312

CURRENT ASSETS

Stocks

6,311

5,285

Debtors

6

-

11,617

Cash at bank

92,213

15,212

98,524

32,114

CREDITORS

Amounts falling due within one year

7

39,471

32,861

NET CURRENT ASSETS/(LIABILITIES)

59,053

(747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

778,247

749,565

CREDITORS

Amounts falling due after more than one year

8

876,000

965,000

NET LIABILITIES

(97,753

)

(215,435

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(98,753

)

(216,435

)

SHAREHOLDERS' FUNDS

(97,753

)

(215,435

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 14th June 2017 and were signed on its behalf by:

P Taylor - Director

1.	STATUTORY INFORMATION

Abbey Sports & Leisure Limited is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on 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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1st April 2016

and 31st March 2017

1

3

4

NET BOOK VALUE

At 31st March 2017

1

3

4

At 31st March 2016

1

3

4

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1st April 2016

507,783

907,904

1,415,687

Additions

-

12,246

12,246

At 31st March 2017

507,783

920,150

1,427,933

DEPRECIATION

At 1st April 2016

-

665,379

665,379

Charge for year

10,156

33,208

43,364

At 31st March 2017

10,156

698,587

708,743

NET BOOK VALUE

At 31st March 2017

497,627

221,563

719,190

At 31st March 2016

507,783

242,525

750,308

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

-

11,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

19,144

14,148

Other creditors

20,327

18,713

39,471

32,861

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

876,000

965,000

9.	RELATED PARTY DISCLOSURES

There was a management charge of £45,000 (2016 £45,000) made to Riverside Sports & Leisure Limited in

respect of services provided during the year. There was also management charges to Simply Gym Limited of

£40,000 (2016 £44,950).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2017 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 14th June 2017