Brighton Kingsway Hotel Limited - Limited company - abbreviated

REGISTERED NUMBER: 04470640 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2014

for

Brighton Kingsway Hotel Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Patel

J Patel

REGISTERED OFFICE:

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

REGISTERED NUMBER:

04470640 (England and Wales)

ACCOUNTANTS:

A.K & Co (Accountancy Services) Ltd

19 Victoria Terrace

Hove

East Sussex

BN3 2WB

FIXED ASSETS

Intangible assets

2

36,000

40,500

Tangible assets

3

763,590

758,964

799,590

799,464

CURRENT ASSETS

Stocks

350

Debtors

-

950

Cash at bank

25,824

27,542

26,174

28,842

CREDITORS

Amounts falling due within one year

24,294

28,031

NET CURRENT ASSETS

1,880

811

TOTAL ASSETS LESS CURRENT
LIABILITIES

801,470

800,275

CREDITORS

Amounts falling due after more than one
year

4

817,565

NET LIABILITIES

(16,095

)

(17,290

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(16,195

)

(17,390

)

SHAREHOLDERS' FUNDS

(16,095

)

(17,290

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2015 and were signed on its behalf by:

B Patel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

The company's day to day working capital is met through a loan from an outside party. They have given their

undertaking not to draw down on the loan to the detriment of the company. The directors therefore consider it

appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

90,000

AMORTISATION

At 1 July 2013

49,500

Amortisation for year

4,500

At 30 June 2014

54,000

NET BOOK VALUE

At 30 June 2014

36,000

At 30 June 2013

40,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

863,507

Additions

10,720

At 30 June 2014

874,227

DEPRECIATION

At 1 July 2013

104,543

Charge for year

6,094

At 30 June 2014

110,637

NET BOOK VALUE

At 30 June 2014

763,590

At 30 June 2013

758,964

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

Repayable otherwise than by instalments

250,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

Brighton Kingsway Hotel Limited - Limited company - abbreviated - 11.6

Brighton Kingsway Hotel Limited - Limited company - abbreviated - 11.6