TIMESHARE AND HOTEL LIMITED

TIMESHARE AND HOTEL LIMITED

TIMESHARE AND HOTEL LIMITED - Company Information

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TIMESHARE AND HOTEL LIMITED

Company Registration Number:
SC182211 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

TIMESHARE AND HOTEL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

TIMESHARE AND HOTEL LIMITED

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 3 2 2
Investments: 4 420,622 420,622
Total fixed assets: 420,624 420,624
Current assets
Cash at bank and in hand: 11,790 201,492
Total current assets: 11,790 201,492
Creditors: amounts falling due within one year:   (432,351) (609,306)
Net current assets (liabilities): (420,561) (407,814)
Total assets less current liabilities: 63 12,810
Total net assets (liabilities): 63 12,810
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 53 12,800
Shareholders funds: 63 12,810

The notes form part of these financial statements

TIMESHARE AND HOTEL LIMITED

Balance sheet statements

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2019
and signed on behalf of the board by:

Name: JAMES VANCE
Status: Director

The notes form part of these financial statements

TIMESHARE AND HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses.

Valuation and information policy

Investments are, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognized in the profit and loss account.

TIMESHARE AND HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Employees

2018 2017
Average number of employees during the period 2 2

TIMESHARE AND HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Tangible Assets

Total
Cost £
At 01 July 2017 2,285
At 30 June 2018 2,285
Depreciation
At 01 July 2017 2,283
At 30 June 2018 2,283
Net book value
At 30 June 2018 2
At 30 June 2017 2

TIMESHARE AND HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Fixed investments

The company's investments at the balance sheet date in the share capital of companies include the following: Kilconquhar Castle Estate Limited and Kilconquhar Land and Estates LimitedCountries of incorporation: Scotland Nature of business: Timeshare

TIMESHARE AND HOTEL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Related party transactions

During the year the company had transactions with the subsidiary company, Kilconquhar Castle Estate Limited in respect of management services provided. The company owns one hundred percent of Kilconquhar Castle Estate Limited. The total transactions during the year amounted to £107,714 (2017 - £107,333).