Reading West Aparthotel Limited - Accounts to registrar (filleted) - small 18.2

Reading West Aparthotel Limited - Accounts to registrar (filleted) - small 18.2

READING WEST APARTHOTEL LIMITED - Company Information

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REGISTERED NUMBER: 10492165 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

READING WEST APARTHOTEL LIMITED
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


READING WEST APARTHOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: P Patel





REGISTERED OFFICE: 37 West Street
Croydon
Surrey
CR0 1DJ





REGISTERED NUMBER: 10492165 (England and Wales)





ACCOUNTANTS: Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
READING WEST APARTHOTEL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Reading West Aparthotel Limited for the year ended 30 September 2018 which comprise the
Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the
company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Reading West Aparthotel Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Reading West Aparthotel Limited and state those matters that we have agreed to state to the director of Reading West Aparthotel Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reading West Aparthotel Limited and its director for our work or for this report.

It is your duty to ensure that Reading West Aparthotel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Reading West Aparthotel Limited. You consider that Reading West Aparthotel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reading West Aparthotel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS


3 May 2019

This page does not form part of the statutory financial statements

Page 2
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 445,210 457,710
Investments 4 1 1
Investment property 5 1,522,274 1,522,274
1,967,485 1,979,985

CURRENT ASSETS
Debtors 6 42,072 70,519
Cash at bank and in hand 6,630 18,558
48,702 89,077
CREDITORS
Amounts falling due within one year 7 121,957 58,770
NET CURRENT (LIABILITIES)/ASSETS (73,255 ) 30,307
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,894,230
2,010,292

CREDITORS
Amounts falling due after more than one
year
8
1,750,000
1,750,000
NET ASSETS 144,230 260,292

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 349,000 349,000
Retained earnings (205,770 ) (89,708 )
SHAREHOLDERS' FUNDS 144,230 260,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 3 continued...
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2018


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 director on 3 May 2019 and were signed by:





P Patel - Director


The notes form part of these financial statements

Page 4
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


1. STATUTORY INFORMATION

Reading West Aparthotel Limited 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

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
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its
expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Fixtures & Fittings- 25% per annum

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 5 continued...
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2017
and 30 September 2018 416,203 50,000 466,203
DEPRECIATION
At 1 October 2017 - 8,493 8,493
Charge for year - 12,500 12,500
At 30 September 2018 - 20,993 20,993
NET BOOK VALUE
At 30 September 2018 416,203 29,007 445,210
At 30 September 2017 416,203 41,507 457,710

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2017
and 30 September 2018 1
NET BOOK VALUE
At 30 September 2018 1
At 30 September 2017 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017
and 30 September 2018 1,522,274
NET BOOK VALUE
At 30 September 2018 1,522,274
At 30 September 2017 1,522,274

Page 6 continued...
READING WEST APARTHOTEL LIMITED (REGISTERED NUMBER: 10492165)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 11,971 29,548
Amounts owed by group undertakings 14,299 14,299
Other debtors 15,802 26,672
42,072 70,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 97,881 37,067
Taxation and social security 11,183 8,472
Other creditors 12,893 13,231
121,957 58,770

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 1,750,000 1,750,000

Page 7