Planned Amusements Limited 00868262 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is the rental of premises used by snooker clubs Digita Accounts Production Advanced 6.30.9574.0 true true 00868262 2022-10-01 2023-09-30 00868262 2023-09-30 00868262 core:CurrentFinancialInstruments 2023-09-30 00868262 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 00868262 core:Non-currentFinancialInstruments 2023-09-30 00868262 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 00868262 bus:SmallEntities 2022-10-01 2023-09-30 00868262 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 00868262 bus:FilletedAccounts 2022-10-01 2023-09-30 00868262 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 00868262 bus:RegisteredOffice 2022-10-01 2023-09-30 00868262 bus:Director1 2022-10-01 2023-09-30 00868262 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00868262 countries:EnglandWales 2022-10-01 2023-09-30 00868262 2021-10-01 2022-09-30 00868262 2022-09-30 00868262 core:CurrentFinancialInstruments 2022-09-30 00868262 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 00868262 core:Non-currentFinancialInstruments 2022-09-30 00868262 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 00868262

Planned Amusements Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Planned Amusements Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Planned Amusements Limited

Company Information

Director

Mr GD Tresidder

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Planned Amusements Limited

(Registration number: 00868262)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

59,051

62,950

Cash at bank and in hand

 

420

178

 

59,471

63,128

Creditors: Amounts falling due within one year

5

(46,973)

(46,300)

Total assets less current liabilities

 

12,498

16,828

Creditors: Amounts falling due after more than one year

5

(3,913)

(6,321)

Net assets

 

8,585

10,507

Capital and reserves

 

Called up share capital

1,300

1,300

Share premium reserve

39,600

39,600

Retained earnings

(32,315)

(30,393)

Shareholders' funds

 

8,585

10,507

For the financial year ending 30 September 2023 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 year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2024
 

Mr GD Tresidder
Director

 

Planned Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the director on 27 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company made a loss for the year. The director haa arranged adequate funding to finance the compan'ys continuing activities and to enable it to pay its debts as and when they fall due for payment and accordingly considers that the company is going concern and the financial statements have been prepared on this basis.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Planned Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Planned Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

37,701

35,763

Amounts owed by related parties

15,186

23,879

Prepayments

 

5,000

3,308

Other debtors

 

1,164

-

   

59,051

62,950

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

2,355

2,296

Trade creditors

 

38,618

42,987

Taxation and social security

 

-

17

Accruals and deferred income

 

6,000

1,000

 

46,973

46,300

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

3,913

6,321

 

Planned Amusements Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

3,913

6,321

Current loans and borrowings

2023
£

2022
£

Bank borrowings

2,355

2,296

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £45,009 (2022 - £20,000). These amounts represent commitments under non-cancellable operating leases.