The George (Cheltenham) Ltd - Limited company - abbreviated - 11.6

The George (Cheltenham) Ltd - Limited company - abbreviated - 11.6

THE GEORGE (CHELTENHAM) LTD - Company Information

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REGISTERED NUMBER: 03818804 (England and Wales)








ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

THE GEORGE (CHELTENHAM) LTD

THE GEORGE (CHELTENHAM) LTD (REGISTERED NUMBER: 03818804)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

THE GEORGE (CHELTENHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2015







DIRECTOR: M J Shaw





REGISTERED OFFICE: The George Hotel
St George's Road
Cheltenham
Gloucestershire
GL50 3DZ





REGISTERED NUMBER: 03818804 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX
1
THE GEORGE (CHELTENHAM) LTD (REGISTERED NUMBER: 03818804)

ABBREVIATED BALANCE SHEET
31 January 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,756,358 1,780,915

CURRENT ASSETS
Stocks 13,960 13,900
Debtors 136,403 19,275
Cash in hand 1,300 1,224
151,663 34,399
CREDITORS
Amounts falling due within one year 655,592 495,088
NET CURRENT LIABILITIES (503,929 ) (460,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,252,429
1,320,226

CREDITORS
Amounts falling due after more than one year 519,638 787,958
NET ASSETS 732,791 532,268

CAPITAL AND RESERVES
Called up share capital 3 636,976 636,976
Capital redemption reserve 39,024 39,024
Profit and loss account 56,791 (143,732 )
732,791 532,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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 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 director on 31 March 2015 and were signed by:





M J Shaw - Director


The notes form part of these abbreviated accounts

2
THE GEORGE (CHELTENHAM) LTD (REGISTERED NUMBER: 03818804)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 January 2015

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).

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

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 - 10% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for Mr & Mrs M J Shaw. Premiums are charged to the profit
and loss account as incurred.

Freehold land & buildings
No depreciation is provided on Land & Buildings due to the ongoing investment in repairs and improvements of the
property, which is considered by the directors to maintain its value.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 2,962,433
Additions 51,605
At 31 January 2015 3,014,038
DEPRECIATION
At 1 February 2014 1,181,518
Charge for year 76,162
At 31 January 2015 1,257,680
NET BOOK VALUE
At 31 January 2015 1,756,358
At 31 January 2014 1,780,915

3
THE GEORGE (CHELTENHAM) LTD (REGISTERED NUMBER: 03818804)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 January 2015

3. CALLED UP SHARE CAPITAL

Authorised 2010 2009
£    £
1700 'A' Ordinary shares £1 each 1,700 1,700
1700 'B' Ordinary shares £1 each 1,700 1,700
8300 'C' Ordinary shares £1 each 8,300 8,300
8300 'D' Ordinary shares £1 each 8,300 8,300
55,300 'E' Redeemable Ordinary shares of £1 each 55,300 55,300
55,300 'F' Redeemable Ordinary shares of £1 each 55,300 55,300
20,000 'G' Redeemable Ordinary shares of £1 each 20,000 20,000
20,000 'H' Redeemable Ordinary shares of £1 each 20,000 20,000
20,000 'I' Redeemable Ordinary shares of £1 each 20,000 20,000
172,700 'J' Redeemable Ordinary shares of £1 each 172,700 172,700
172,700 'K' Redeemable Ordinary shares of £1 each 172,700 172,700
20,000 'L' Redeemable Ordinary shares of £1 each 20,000 20,000
100,000 'M' Redeemable Ordinary shares of £1 each 100,000 100,000
20,000 'N' Redeemable Ordinary shares of £1 each 20,000 20,000
144,000 Redeemable Ordinary shares of £1 each 144,000 144,000
820,000 820,000

Allotted, Issued & Fully paid

£ £
1700 'A' Ordinary shares £1 each 1,700 1,700
1700 'B' Ordinary shares £1 each 1,700 1,700
8300 'C' Ordinary shares £1 each 8,300 8,300
8300 'D' Ordinary shares £1 each 8,300 8,300
35,788 'E' Redeemable Ordinary shares of £1 each 35,788 35,788
35,788 'F' Redeemable Ordinary shares of £1 each 35,788 35,788
20,000 'G' Redeemable Ordinary shares of £1 each 20,000 20,000
20,000 'H' Redeemable Ordinary shares of £1 each 20,000 20,000
20,000 'I' Redeemable Ordinary shares of £1 each 20,000 20,000
172,700 'J' Redeemable Ordinary shares of £1 each 172,700 172,700
172,700 'K' Redeemable Ordinary shares of £1 each 172,700 172,700
20,000 'L' Redeemable Ordinary shares of £1 each 20,000 20,000
100,000 'M' Redeemable Ordinary shares of £1 each 100,000 100,000
20,000 'N' Redeemable Ordinary shares of £1 each 20,000 20,000
636,976 636,976

The redeemable shares can be redeemed at any time determined by the members by way of a special resolution at such value
which will at least be par.

All shares rank parri passu except with respect to distributions of profit and repayment on winding up when repayment of the
capital will be made in the order of: redeemables, A,B,C and then D shares. Any surpluses will then be distributed between
the redeemables, A, B, C, and D shares as if they were one class of shares,in proportion to the number of shares held.

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount of £189 (2014 : £179) and £60,845 (2014 : £80,837) owing to the directors.

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