Tollgate Hotel & Leisure Limited - Accounts to registrar (filleted) - small 18.2
Tollgate Hotel & Leisure Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| FOR |
| TOLLGATE HOTEL & LEISURE LIMITED |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TOLLGATE HOTEL & LEISURE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 September 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| BALANCE SHEET |
| 30 September 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve | 9 |
| 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. |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| BALANCE SHEET - continued |
| 30 September 2018 |
| 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 |
| Mrs G M Oldfield - Director | G W Oldfield - Director |
| A Oldfield - Director |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2018 |
| 1. | STATUTORY INFORMATION |
| Tollgate Hotel & Leisure Limited is a |
| number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. |
| Tangible fixed assets |
| Depreciation of fixed assets is calculated at the following rates so as to write off the cost of the assets over their expected remaining useful |
| life: |
| Fixtures, Plant & Equipment | - | 10% on the reducing balance method |
| Motor Vehicles | - | 25% on the reducing balance method |
| Hotel Furniture | - | 10% on the reducing balance method |
| Freehold Land and Buildings | - | No Depreciation |
| Freehold buildings are depreciated to write down the cost less estimated |
| residual value over their remaining useful life by equal annual |
| instalments. Where buildings are maintained to such a standard that their |
| estimated residual value is not less than their cost or valuation, no |
| depreciation is charged as it is not material. |
| 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. |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Freehold | Hotel |
| property | Land | Furniture |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2017 |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| Equipment |
| and | Motor |
| Fixtures | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2017 |
| Additions |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 30 September 2018 is represented by: |
| Freehold | Freehold | Hotel |
| property | Land | Furniture |
| £ | £ | £ |
| Valuation in 2006 | 20,585 | - | - |
| Valuation in 2007 | 585,245 | 94,558 | - |
| Cost | 744,170 | 55,442 | 145,683 |
| 1,350,000 | 150,000 | 145,683 |
| Equipment |
| and | Motor |
| Fixtures | vehicles | Totals |
| £ | £ | £ |
| Valuation in 2006 | - | - | 20,585 |
| Valuation in 2007 | - | - | 679,803 |
| Cost | 696,835 | 30,595 | 1,672,725 |
| 696,835 | 30,595 | 2,373,113 |
| If Freehold land and property had not been revalued they would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 799,612 | 799,612 |
| Value of land in freehold land and buildings | 55,442 | 55,442 |
| Freehold land and property were valued on an open market basis on 30 June 2015 by the directors. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| TOLLGATE HOTEL & LEISURE LIMITED (REGISTERED NUMBER: 01421312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 72,477 | 4,978 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| The bank loans are secured by means of a fixed and floating charge over the assets of the company. |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2017 |
| and 30 September 2018 |