Spires Hospitality (Deal) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09284641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

FOR

SPIRES HOSPITALITY (DEAL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr S B Williams

R Brown

M V Carnall

Dr P R Holmes

SECRETARY:

Dr S B Williams

REGISTERED OFFICE:

Waterfront Kingsdown Road

Walmer

DEAL

Kent

CT14 7LL

REGISTERED NUMBER:

09284641 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

6,541

7,276

CURRENT ASSETS

Stocks

5

4,130

2,310

Debtors

6

3,672

2,760

Cash at bank and in hand

2,486

2,552

10,288

7,622

CREDITORS

Amounts falling due within one year

7

73,591

69,825

NET CURRENT LIABILITIES

(63,303

)

(62,203

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(56,762

)

(54,927

)

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

(56,772

)

(54,937

)

SHAREHOLDERS' FUNDS

(56,762

)

(54,927

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 31 July 2019 and were signed on its behalf by:

M V Carnall - Director

1.	STATUTORY INFORMATION

Spires Hospitality (Deal) Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's business address is The Landmark Centre, 129 High Street, Deal, Kent, CT14 6BB.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods excluding value added tax, and memberships which are accounted for when

received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment

-

10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

and

equipment

£

COST

At 1 November 2017

8,084

Additions

82

At 31 October 2018

8,166

DEPRECIATION

At 1 November 2017

808

Charge for year

817

At 31 October 2018

1,625

NET BOOK VALUE

At 31 October 2018

6,541

At 31 October 2017

7,276

5.

STOCKS

2018

2017

£

£

Stocks

4,130

2,310

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Sundry debtors

3,672

2,760

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

6,838

4,254

Amounts owed to group undertakings

50,355

51,045

Social security and other taxes

389

369

Other creditors

16,009

14,157

73,591

69,825

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£10

10

10

9.	RELATED PARTY DISCLOSURES

During the year amounts totalling £12,000 (2017 - £12,000) were payable to Deal and Walmer Community Association, its

parent company. At the year end £50,355 (2017 - £51,045) was owed by the company to Deal and Walmer Community

Association.

10.	PARENT COMPANY

The company is a wholly owned subsidiary of Deal and Walmer Community Association.

The registered office address of Deal and Walmer Community Association is the same as Spires Hospitality (Deal) Ltd,

which can be found on the Company Information page.

11.	GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the

company has the continuing support of its parent company.