FOSTERS ROOMS LIMITED

FOSTERS ROOMS LIMITED

FOSTERS ROOMS LIMITED - Company Information

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FOSTERS ROOMS LIMITED

Company Registration Number:
00523897 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

FOSTERS ROOMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

FOSTERS ROOMS LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 7,567 28,738
Tangible assets: 4 512,221 522,312
Investments: 5 379,720 379,720
Total fixed assets: 899,508 930,770
Current assets
Stocks: 74,859 100,676
Debtors: 6 368,695 442,689
Cash at bank and in hand: 280,103 367,022
Total current assets: 723,657 910,387
Creditors: amounts falling due within one year: 7 (919,209) (1,009,138)
Net current assets (liabilities): (195,552) (98,751)
Total assets less current liabilities: 703,956 832,019
Provision for liabilities: (20,616) (6,620)
Total net assets (liabilities): 683,340 825,399
Capital and reserves
Called up share capital: 663,595 663,595
Share premium account: 13,000 13,000
Profit and loss account: 6,745 148,804
Shareholders funds: 683,340 825,399

The notes form part of these financial statements

FOSTERS ROOMS LIMITED

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2020
and signed on behalf of the board by:

Name: Neil Lodge
Status: Director

The notes form part of these financial statements

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Employees

2019 2018
Average number of employees during the period 102 103

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Intangible Assets

Total
Cost £
At 01 July 2018 73,512
At 30 June 2019 73,512
Amortisation
At 01 July 2018 44,774
Charge for year 21,171
At 30 June 2019 65,945
Net book value
At 30 June 2019 7,567
At 30 June 2018 28,738

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

4. Tangible Assets

Total
Cost £
At 01 July 2018 1,336,471
Additions 129,504
Disposals (2,079)
At 30 June 2019 1,463,896
Depreciation
At 01 July 2018 814,159
Charge for year 137,516
At 30 June 2019 951,675
Net book value
At 30 June 2019 512,221
At 30 June 2018 522,312

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

5. Fixed investments

Investment in subsidiary companies £379,720

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

6. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

7. Creditors: amounts falling due within one year note

Bank overdrafts £79,978Trade Creditors £441,197Other taxation and social security £105,596Obligations under finance leases £14,837Other Creditors £123,341Accruals and deferred income £154,260

FOSTERS ROOMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

8. Related party transactions

Name of the related party: Owners
Relationship:
Directors
Description of the Transaction: Loans to Fosters Rooms
£
Balance at 01 July 2018 68,460
Balance at 30 June 2019 48,460
Name of the related party: A&H Currie Consultancy Services Limited
Relationship:
Director
Description of the Transaction: Sale totalling £43,069
£
Balance at 01 July 2018 23,185
Balance at 30 June 2019 23,458
Name of the related party: A&H Currie Consultancy Services Limited
Relationship:
Director
Description of the Transaction: Sales to Fosters £21,498
£
Balance at 01 July 2018 0
Balance at 30 June 2019 20,038