P & H Hotels (Torquay) Limited - Period Ending 2019-10-31
P & H Hotels (Torquay) Limited - Period Ending 2019-10-31
Year Ended
Registration number:
P & H Hotels (Torquay) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
P & H Hotels (Torquay) Limited
Company Information
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Directors |
Mrs P S Perry Mr A H Perry Mr J Perry |
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Company secretary |
Mrs P S Perry |
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Registered office |
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Accountants |
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Page 1 |
P & H Hotels (Torquay) Limited
Balance Sheet
31 October 2019
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Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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Total equity |
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Page 2 |
P & H Hotels (Torquay) Limited
Balance Sheet
31 October 2019
For the financial year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 00586760
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Page 3 |
P & H Hotels (Torquay) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A, and the Companies Act 2006. There are no material departures from FRS102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Page 4 |
P & H Hotels (Torquay) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
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Asset class |
Depreciation method and rate |
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Leasehold Property |
over term of the lease |
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 November 2018 |
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At 31 October 2019 |
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Depreciation |
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At 1 November 2018 |
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Charge for the year |
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At 31 October 2019 |
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Carrying amount |
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At 31 October 2019 |
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At 31 October 2018 |
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Page 5 |
P & H Hotels (Torquay) Limited
Notes to the Financial Statements
Year Ended 31 October 2019
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Creditors |
Creditors: amounts falling due within one year
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Note |
2019 |
2018 |
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Due within one year |
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Corporation tax |
8,741 |
7,259 |
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Accrued expenses |
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Other creditors |
5,000 |
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Creditors: amounts falling due after more than one year
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Note |
2019 |
2018 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
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2019 |
2018 |
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Loans and borrowings due after one year |
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Redeemable preference shares |
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Share capital |
Allotted, called up and fully paid shares
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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12,500 |
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12,500 |
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22,500 |
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22,500 |
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10 |
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10 |
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10 |
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10 |
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Page 6 |