Mayfair Hotel (Hull) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04549617 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

Mayfair Hotel (Hull) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Drake

S Johnson

SECRETARY:

Mr. S J Drake

REGISTERED OFFICE:

333/335 Beverley Road

Hull

East Yorkshire

HU5 1LD

REGISTERED NUMBER:

04549617 (England and Wales)

ACCOUNTANTS:

Norrie Gibson & Co Limited

Grosvenor House

100-102 Beverley Road

HULL

East Yorkshire

HU3 1YA

FIXED ASSETS

Intangible assets

4

72,250

84,500

Tangible assets

5

4,744

5,581

76,994

90,081

CURRENT ASSETS

Debtors

6

1,857

5,397

Cash in hand

3,034

-

4,891

5,397

CREDITORS

Amounts falling due within one year

7

101,881

106,283

NET CURRENT LIABILITIES

(96,990

)

(100,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,996

)

(10,805

)

PROVISIONS FOR LIABILITIES

662

891

NET LIABILITIES

(20,658

)

(11,696

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(20,758

)

(11,796

)

SHAREHOLDERS' FUNDS

(20,658

)

(11,696

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 applicable to companies subject to the small companies regime.

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 25 March 2020 and were signed on its behalf by:

S J Drake - Director

1.	STATUTORY INFORMATION

Mayfair Hotel (Hull) 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.

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

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 cash sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

245,000

AMORTISATION

At 1 October 2018

160,500

Charge for year

12,250

At 30 September 2019

172,750

NET BOOK VALUE

At 30 September 2019

72,250

At 30 September 2018

84,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2018

and 30 September 2019

41,553

DEPRECIATION

At 1 October 2018

35,972

Charge for year

837

At 30 September 2019

36,809

NET BOOK VALUE

At 30 September 2019

4,744

At 30 September 2018

5,581

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

1,857

5,397

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

5,459

10,407

Trade creditors

18,260

15,217

Taxation and social security

40,878

33,218

Other creditors

37,284

47,441

101,881

106,283

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Drake.