Cobden Hotel Limited - Accounts to registrar (filleted) - small 18.2
Cobden Hotel Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
| FOR |
| COBDEN HOTEL LIMITED |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| COBDEN HOTEL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Harpal House |
| 14 Holyhead Road |
| Handsworth |
| Birmingham |
| West Midlands |
| B21 0LT |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| BALANCE SHEET |
| 31 MAY 2018 |
| 31/5/18 | 31/5/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 3 |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 |
| SHAREHOLDERS' FUNDS |
| 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 by: |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 1. | STATUTORY INFORMATION |
| Cobden Hotel Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| 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. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 June 2017 |
| and 31 May 2018 |
| AMORTISATION |
| At 1 June 2017 |
| Amortisation for year |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and | Computer |
| property | property | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2017 |
| Additions |
| At 31 May 2018 |
| DEPRECIATION |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| Fixed assets, included in the above, which are held under finance leases are as follows: |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 June 2017 |
| and 31 May 2018 |
| DEPRECIATION |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| 5. | STOCKS |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Stocks |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Finance leases |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 64,721 | 69,297 |
| Other creditors |
| Child support agency & others | 613 | 578 |
| Customers' advances | 14,001 | 3,471 |
| Pension A/c - NEST | 2,383 | 521 |
| Net Wages | - | 1,500 |
| Directors' current accounts | 26,378 | 26,378 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Bank loans (see note 9) |
| Preference shares (see note 9) |
| Finance leases |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 823,317 | 1,003,481 |
| Preference shares | 939,000 | 1,059,000 |
| 1,762,317 | 2,062,481 |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 823,317 | 1,003,481 |
| Preference shares | 939,000 | 1,059,000 |
| 1,762,317 | 2,062,481 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Bank loans |
| Finance leases | 8,812 | 11,922 |
| 11. | PROVISIONS FOR LIABILITIES |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Deferred tax | 74,877 | 77,653 |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2017 |
| Credit to Income Statement during year | ( |
) |
| Capital Allowances |
| Balance at 31 May 2018 |
| COBDEN HOTEL LIMITED (REGISTERED NUMBER: 06838338) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2018 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/5/18 | 31/5/17 |
| value: | £ | £ |
| Ordinary | £1 | 250,000 | 250,000 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 June 2017 |
| Profit for the year |
| At 31 May 2018 |
| 14. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 15. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the directors, by virtue of their shareholdings along with their family |
| members. |