Silversprings Hotel Limited,Ltd - Accounts

Silversprings Hotel Limited,Ltd - Accounts

SILVERSPRINGS HOTEL LIMITED - Company Information

Print Friendly Version

2013-08-01 true false Private Limited Company 04581951 2014-07-31 04581951 2013-08-01 2014-07-31 04581951 2013-07-31 04581951 2012-08-01 2013-07-31 04581951 uk-bus:Director1 2013-08-01 2014-07-31 04581951 uk-gaap:ImprovementsOrDevelopmentAssets 2013-08-01 2014-07-31 04581951 uk-gaap:ComputerEquipment 2013-08-01 2014-07-31 04581951 uk-gaap:FixturesFittings 2013-08-01 2014-07-31 04581951 uk-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP
Silversprings Hotel Limited
For the year ended 31 July 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04581951
2
Contents Page
Silversprings Hotel Limited
For the year ended 31 July 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Silversprings Hotel Limited
Accountants' Report
For the year ended 31 July 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 July 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Vernon Barrow Ltd
Wessex House
66 High Street
Honiton
Devon
EX14 1PD
1 of 4
4
Abbreviated Balance Sheet
Silversprings Hotel Limited
As at 31 July 2014
04581951
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Intangible assets
2
1
1
Tangible assets
3
142,237
138,445
142,238
138,446
Current assets
Debtors
24,332
23,625
Cash at bank and in hand
33
33
23,658
24,365
Creditors: amounts falling due within one year
(233,291)
(203,775)
(208,926)
(180,117)
Net current liabilities
Total assets less current liabilities
(37,879)
(70,480)
(37,879)
Net liabilities
(70,480)
Capital and reserves
Called up share capital
1
4
1
Profit and loss account
(37,880)
(70,481)
(37,879)
(70,480)
Shareholders funds
For the year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 28 April 2015
Ms J Ware Director
Signed on behalf of the board of directors
2 of 4
5
Notes to the Abbreviated Financial Statements
Silversprings Hotel Limited
For the year ended 31 July 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax or flat rate value added tax.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold Improvements
15 years Straight line
Computer Equipment
15% Reducing balance
Fixtures and Fittings
15% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
3 of 4
6
Notes to the Abbreviated Financial Statements
Silversprings Hotel Limited
For the year ended 31 July 2014
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 August 2013
20,000
20,000
At 31 July 2014
Amortisation
19,999
At 01 August 2013
19,999
At 31 July 2014
1
Net Book Values
At 31 July 2014
1
At 31 July 2013
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
165,810
At 01 August 2013
18,444
Additions
At 31 July 2014
184,254
Depreciation
27,365
At 01 August 2013
14,652
Charge for year
42,017
At 31 July 2014
Net book values
At 31 July 2014
142,237
138,445
At 31 July 2013
4 Share capital
Allotted called up and fully paid
2014
2013
£
£
1 Ordinary shares of £1.00 each
1
1
1
1
4 of 4