Lynridge Hotel Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09287672 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

LYNRIDGE HOTEL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Takhar

Mrs I K Takhar

P S Takhar

SECRETARY:

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09287672 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

(Statutory Auditors)

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

600,668

614,016

CURRENT ASSETS

Debtors

5

332,293

235,704

Cash at bank and in hand

12,691

3,258

344,984

238,962

CREDITORS

Amounts falling due within one

year

6

47,910

36,265

NET CURRENT ASSETS

297,074

202,697

TOTAL ASSETS LESS CURRENT

LIABILITIES

897,742

816,713

CREDITORS

Amounts falling due after more

than one year

7

663,692

663,019

NET ASSETS

234,050

153,694

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

233,950

153,594

SHAREHOLDERS' FUNDS

234,050

153,694

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 and authorised for issue

on 30 June 2020 and were signed on its behalf by:

P S Takhar - Director

1.	STATUTORY INFORMATION

Lynridge Hotel Ltd 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.

Freehold property

-

2% on cost

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 3 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2018

and 30 June 2019

667,409

DEPRECIATION

At 1 July 2018

53,393

Charge for year

13,348

At 30 June 2019

66,741

NET BOOK VALUE

At 30 June 2019

600,668

At 30 June 2018

614,016

5.

DEBTORS

30.6.19

30.6.18

£

Amounts falling due within one year:

Trade debtors

93,355

54,604

Other debtors

3,749

3,582

97,104

58,186

30.6.19

30.6.18

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

182,189

124,518

Amounts owed by associates

53,000

235,189

177,518

Aggregate amounts

332,293

235,704

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE

YEAR

30.6.19

30.6.18

£

Bank loans and overdrafts

-

998

Trade creditors

231

193

Taxation and social security

35,515

17,629

Other creditors

12,164

17,445

47,910

36,265

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE

THAN ONE YEAR

30.6.19

30.6.18

£

Amounts owed to group undertakings

663,692

663,019

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok M Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP (Statutory Auditors)

9.	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.

Lynridge Hotel Ltd - Accounts to registrar (filleted) - small 18.2

Lynridge Hotel Ltd - Accounts to registrar (filleted) - small 18.2