Redbridge Hotel Limited - Accounts to registrar (filleted) - small 18.2
Redbridge Hotel Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
FOR |
| REDBRIDGE HOTEL LIMITED |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
REDBRIDGE HOTEL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: | Ashfords Partnership LLP | (Statutory Auditors) |
114 - 116 Goodmayes Road |
Ilford |
Essex |
IG3 9UZ |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
BALANCE SHEET |
30 JUNE 2019 |
30.6.19 | 30.6.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
BALANCE SHEET - continued |
30 JUNE 2019 |
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 and authorised for issue on |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
1. | STATUTORY INFORMATION |
Redbridge Hotel Limited is a |
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 |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
Republic of Ireland', not to disclose related party transactions with wholly owned |
subsidiaries within the group. |
Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, |
| excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
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 |
Fixtures and fittings | - |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
Going concern |
The accounts have been prepared on going concern basis which assumes that the |
company will continue to receive adequate financial assistance from the Directors, |
Bankers, other creditors and fellow subsidiaries |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
AMORTISATION |
At 1 July 2018 |
Amortisation for year |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 July 2018 |
Additions |
At 30 June 2019 |
DEPRECIATION |
At 1 July 2018 |
Charge for year |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
6. | DEBTORS |
30.6.19 | 30.6.18 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Prepayments and accrued income |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Amounts owed by associates |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
Social security and other taxes | ( | ) |
NEST Pension Liability | - | 187 |
VAT | 7,285 | 7,028 |
Other creditors |
Net wages control account | 2,460 | 3,272 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.19 | 30.6.18 |
£ | £ |
Amounts owed to group undertakings |
REDBRIDGE HOTEL LIMITED (REGISTERED NUMBER: 05100524) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the current and previous year by the |
| directors, Mr S S Takhar, Mrs I K Takhar and Mr P S Takhar by virtue of their |
| ownership of the entire issued share capital of SIP Group Limited, the parent |
| company. |