MPC Hotels Ltd - Accounts to registrar (filleted) - small 18.2
MPC Hotels Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 31st May 2018 |
| for |
| MPC Hotels Ltd |
| MPC Hotels Ltd (Registered number: 07248525) |
| Contents of the Financial Statements |
| For The Year Ended 31st May 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| MPC Hotels Ltd |
| Company Information |
| For The Year Ended 31st May 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Union Building |
| 51-59 Rose Lane |
| Norwich |
| Norfolk |
| NR1 1BY |
| MPC Hotels Ltd (Registered number: 07248525) |
| Balance Sheet |
| 31st May 2018 |
| 31/5/18 | 31/5/17 |
| Notes | £ | £ |
| FIXED ASSETS |
| 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 ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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: |
| MPC Hotels Ltd (Registered number: 07248525) |
| Notes to the Financial Statements |
| For The Year Ended 31st May 2018 |
| 1. | STATUTORY INFORMATION |
| MPC Hotels Ltd 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 |
| Changes in accounting policies |
| MPC Hotels Ltd reflects a small company so therefore uses accounting standard FRS 102. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Going concern |
| These financial statements have been prepared on the going concern basis. The Director considers this basis to |
| be appropriate but has not assessed a period in excess of 12 months from the date of approving the financial |
| statements. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MPC Hotels Ltd (Registered number: 07248525) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st May 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st June 2017 |
| Additions |
| At 31st May 2018 |
| DEPRECIATION |
| At 1st June 2017 |
| Charge for year |
| At 31st May 2018 |
| NET BOOK VALUE |
| At 31st May 2018 |
| At 31st May 2017 |
| 5. | STOCKS |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Pension | 1,251 | - |
| VAT | 39,896 | 32,065 |
| Other creditors |
| Credit Card | 3,144 | 1,909 |
| Deposits |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/5/18 | 31/5/17 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| MPC Hotels Ltd (Registered number: 07248525) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st May 2018 |
| 9. | RELATED PARTY DISCLOSURES |
| The Directors M Christophi and M Pearcey, controlled another company, MPC Invest Ltd in the period under |
| review. The company paid rent to MPC Invest Ltd of £100,000 (2017 - £50,000) and paid for hire of equipment of |
| £21,000 (2017 - £21,000) in the period under review. |
| MPC Hotels Ltd incurred expenditure of £10,650 (2017 - £42,435) on behalf of MPC Invest Ltd, in the period |
| under review. |
| There was an amount owing to MPC Invest Ltd of £205,278 (2017 - £165,928) at the Balance Sheet date. This |
| amount is included within Other Creditors. |
| There was an amount transferred to Distinct Hotels during the period consisting of £40,000 (2017 - £51,648). |
| This amount is included within Other Debtors. |
| The Director M Christophi was a Shareholder in Barns4Business Ltd in the period under review. There was an |
| amount owing from Barns4Business Ltd of £42,905 (2017 - £42,905) at the Balance Sheet date. This amount is |
| included within Other Debtors. |
| The Director M Christophi was also a Director of Distinct Hotels Ltd in the period under review. At the balance |
| sheet date Distinct Hotels Ltd owed MPC Hotels Ltd £94,967 (2017 - £54,967) at the Balance Sheet date this |
| was included within other creditors. |
| All transactions took place under normal commercial terms. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled in this and the preceding period by the Director, M Christophi by virtue of his |
| shareholding. |