Tivoli Inns (Cardiff) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09886179 (England and Wales)

TIVOLI INNS (CARDIFF) LIMITED

Unaudited Financial Statements

for the Year Ended 31 October 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T E Stringer

P M Pioli

SECRETARY:

Mrs H R Pioli

REGISTERED OFFICE:

Orchard House

Crab Apple Way

Vale Business Park

Evesham

Worcestershire

WR11 1GE

REGISTERED NUMBER:

09886179 (England and Wales)

ACCOUNTANTS:

Phoenix Business Associates Limited

Chartered Certified Accountants

The Riding School House

Bulls Lane

Wishaw

Sutton Coldfield

West Midlands

B76 9QW

FIXED ASSETS

Tangible assets

4

258,453

307,861

CURRENT ASSETS

Stocks

13,409

11,332

Debtors

5

164,766

52,582

Cash at bank and in hand

266,438

187,623

444,613

251,537

CREDITORS

Amounts falling due within one year

6

303,911

385,543

NET CURRENT ASSETS/(LIABILITIES)

140,702

(134,006

)

TOTAL ASSETS LESS CURRENT LIABILITIES

399,155

173,855

CREDITORS

Amounts falling due after more than one year

7

(121,716

)

(131,925

)

PROVISIONS FOR LIABILITIES

(33,266

)

(36,270

)

NET ASSETS

244,173

5,660

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

244,172

5,659

SHAREHOLDERS' FUNDS

244,173

5,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2020 and were signed on its behalf by:

P M Pioli - Director

T E Stringer - Director

1.	STATUTORY INFORMATION

Tivoli Inns (Cardiff) 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.

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

Long leasehold

-

over the period of the lease

Stocks

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

and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

Lease incentives

The benefits of lease incentives are recognised in the profit and loss account over the total lease period.

Holiday pay accrual

The liability is recognised when an employee has provided service in exchange for benefits to be paid in

the future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2018

265,148

126,217

391,365

Additions

-

2,485

2,485

Disposals

-

(5,050

)

(5,050

)

At 31 October 2019

265,148

123,652

388,800

DEPRECIATION

At 1 November 2018

30,989

52,515

83,504

Charge for year

17,092

30,487

47,579

Eliminated on disposal

-

(736

)

(736

)

At 31 October 2019

48,081

82,266

130,347

NET BOOK VALUE

At 31 October 2019

217,067

41,386

258,453

At 31 October 2018

234,159

73,702

307,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/19

31/10/18

£

£

Trade debtors

4,960

-

Amounts owed by group undertakings

98,636

-

Other debtors

61,170

52,582

164,766

52,582

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/19

31/10/18

£

£

Bank loans and overdrafts

-

1,294

Trade creditors

130,349

196,607

Amounts owed to group undertakings

-

82,000

Taxation and social security

97,360

61,087

Other creditors

76,202

44,555

303,911

385,543

Included in creditors is an amount due to the parent company. The loan is subject to a formal agreement,

carries interest at a commercial rate and is repayable on demand. Accordingly the directors have

classified this loan as a current liability.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/19

31/10/18

£

£

Other creditors

121,716

131,925

8.	OTHER FINANCIAL COMMITMENTS

As at the balance sheet date, the company had total future minimum lease payments under an operating

lease for plant and machinery amounting to £10,164 per annum. This lease has no cessation date and

the lessee or lessor can terminate the agreement at any time.

The company also has total future minimum lease payments under another operating lease amounting to

£585,000.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Tivoli Inns Limited.