REGISTERED NUMBER: 05224146 (England and Wales)

A & C Leisure (Holdings) Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C W Holmes

SECRETARY:

Mr C W Holmes

REGISTERED OFFICE:

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

REGISTERED NUMBER:

05224146 (England and Wales)

ACCOUNTANTS:

Salisbury & Company

Chartered Accountants

Irish Square

Upper Denbigh Road

St Asaph

Denbighshire

LL17 0RN

FIXED ASSETS

Tangible assets

2

444,118

445,794

CURRENT ASSETS

Stocks

35,000

110,000

Debtors

285,134

226,200

Cash at bank and in hand

14,207

105,062

334,341

441,262

CREDITORS

Amounts falling due within one year

38,003

94,935

NET CURRENT ASSETS

296,338

346,327

TOTAL ASSETS LESS CURRENT LIABILITIES

740,456

792,121

CREDITORS

Amounts falling due after more than one year

3

(150,440

)

(179,046

)

PROVISIONS FOR LIABILITIES

(322

)

(655

)

NET ASSETS

589,694

612,420

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

342,468

342,468

Profit and loss account

247,224

269,950

SHAREHOLDERS' FUNDS

589,694

612,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 29 June 2017 and were signed by:

Mr C W Holmes - 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 25% 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.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

447,343

Disposals

(1,150

)

At 30 September 2016

446,193

DEPRECIATION

At 1 October 2015

1,549

Charge for year

645

Eliminated on disposal

(119

)

At 30 September 2016

2,075

NET BOOK VALUE

At 30 September 2016

444,118

At 30 September 2015

445,794

3.

CREDITORS

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

2016

2015

£

£

Repayable by instalments

22,580

38,021

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

2016

2015

£

£

Mr C W Holmes

Balance outstanding at start of year

-

-

Amounts advanced

99,027

-

Amounts repaid

-

-

Balance outstanding at end of year

99,027

-

The director's loan account was repaid in full on 2nd June 2017.

6.	RELATED PARTY TRANSACTIONS

During the year the company paid a dividend of £15,000 (2015: £nil) to its parent company Holmes Family

Investments Ltd.