Underfield Leisure Limited (03011594): administration
- Status
- Administration ended
- Administration began
- 2014-10-03
- Administrators
- Diana Frangou, Lindsey J Cooper
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Miners One Limited; Cumbria Cruise Club Limited
- Incorporated
- 1995-01-19
- Location
- Manchester
- Industry
- 93110 Operation of sports facilities
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Relevant extracts from the Company’s unaudited financial statements are summarised below
Unaudited Unaudited accounts for the accounts for the year ended year ended 30 June 2013 30 June 2012 Profit and Loss Account £ £ Turnover 29,965 44,225 Cost of sales (281) (989) Gross profit 28,684 43,236 Admumnstrative expenses 48,458 59,513) Operating Loss (19,774) (16,277) Interest payable and similar charges (3,625) (2,751) Loss on ordinary activities before taxation (23,399) (19,028) Tax on loss on ordinary activities - - Loss for the Financial Year (23,399) (19,028) Balance Sheet £ £ Fixed Assets Tangible Assets 178,329 183,846 178,329 183,846 Current Assets Stock 232 1,052 Debtors 563 563 795 1,615 Creditors: Amounts falling due within one year (260,773) (243,711) Net Current Liabilities (259,978) (242,096) Total Net Liabilities (81,649) (58,250) Capital and Reserves Called-up equity share capital 200,000 200,000 Profit and loss reserve (281,649) (258,250) (81,649) (58,250)
The Company has prepared management information since 30 June 2013 on a consolidated basis in respect of Hotels, Estates and the Company As these accounts do not show the individual trading results of the Company we have not disclosed them within this report.
Administrators' statement of proposals (2014-12-04) · Companies House register