REGISTERED NUMBER: SC247966 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

A & D Leisure Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D De Gaetano

A De Gaetano

SECRETARY:

A De Gaetano

REGISTERED OFFICE:

The Victoria Park Hotel

221 Ferry Road

Edinburgh

EH6 4NN

REGISTERED NUMBER:

SC247966 (Scotland)

ACCOUNTANTS:

Sutherland Black

Chartered Accountants

8 Deer Park Avenue

Fairways Business Park

Livingston

West Lothian

EH54 8GA

FIXED ASSETS

Intangible assets

2

117,600

132,300

Tangible assets

3

1,094,715

1,093,400

Investment property

4

680,000

680,000

1,892,315

1,905,700

CURRENT ASSETS

Stocks

9,400

13,000

Debtors

17,166

15,887

Cash at bank and in hand

5,943

860

32,509

29,747

CREDITORS

Amounts falling due within one year

5

239,734

239,487

NET CURRENT LIABILITIES

(207,225

)

(209,740

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,685,090

1,695,960

CREDITORS

Amounts falling due after more than one year

5

(978,820

)

(1,015,541

)

PROVISIONS FOR LIABILITIES

(3,156

)

(2,720

)

NET ASSETS

703,114

677,699

CAPITAL AND RESERVES

Called up share capital

6

2

2

Revaluation reserve

178,557

178,557

Profit and loss account

524,555

499,140

SHAREHOLDERS' FUNDS

703,114

677,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 April 2017 and were signed on its behalf by:

A De Gaetano - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is

being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixture & Fittings - 20% on reducing balance

Computer equipment - 33% on cost

Land & Buildings - in accordance with the property

Freehold heritable property owned by the company is not depreciated. While this is in

contravention of the requirements of the Companies Act 206, the directors believe this policy

is necessary in order to present a true and fair view.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

294,000

AMORTISATION

At 1 November 2015

161,700

Amortisation for year

14,700

At 31 October 2016

176,400

NET BOOK VALUE

At 31 October 2016

117,600

At 31 October 2015

132,300

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2015

1,158,803

Additions

6,244

At 31 October 2016

1,165,047

DEPRECIATION

At 1 November 2015

65,403

Charge for year

4,929

At 31 October 2016

70,332

NET BOOK VALUE

At 31 October 2016

1,094,715

At 31 October 2015

1,093,400

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2015

and 31 October 2016

680,000

NET BOOK VALUE

At 31 October 2016

680,000

At 31 October 2015

680,000

5.

CREDITORS

Creditors include an amount of £ 745,101 (2015 - £ 839,637 ) for which security has been

given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

272,423

417,824

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 October 2016, the directors had advanced a total sum of £217,855 (2015 -

£210,431) to the company. There are no fixed terms for repayment and no interest is

payable. However, the directors consider the funds to be of a long term nature.