Yorkshire Period Hotels Limited - Accounts to registrar (filleted) - small 18.2
Yorkshire Period Hotels Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
FOR |
YORKSHIRE PERIOD HOTELS LIMITED |
YORKSHIRE PERIOD HOTELS LIMITED (REGISTERED NUMBER: 04079861) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
YORKSHIRE PERIOD HOTELS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Medina House |
2 Station Avenue |
Bridlington |
East Yorkshire |
YO16 4LZ |
YORKSHIRE PERIOD HOTELS LIMITED (REGISTERED NUMBER: 04079861) |
BALANCE SHEET |
31 MARCH 2020 |
31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Investment revaluation reserve | ( |
) | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
........................................................................ |
YORKSHIRE PERIOD HOTELS LIMITED (REGISTERED NUMBER: 04079861) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
1. | STATUTORY INFORMATION |
Yorkshire Period Hotels Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Yorkshire Period Hotels Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Investments in subsidiaries and associates |
Fixed asset investments in group undertakings are stated at valuation with any surplus or deficit being transferred to the revaluation reserve. Other fixed asset investments are stated at cost less provision for any permanent diminution in value. |
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. |
Financial instruments |
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
YORKSHIRE PERIOD HOTELS LIMITED (REGISTERED NUMBER: 04079861) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2019 | 4,255,139 |
Revaluations | 23,362 |
At 31 March 2020 | 4,278,501 |
NET BOOK VALUE |
At 31 March 2020 | 4,278,501 |
At 31 March 2019 | 4,255,139 |
Cost or valuation at 31 March 2020 is represented by: |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
Valuation in 2017 | (80,231 | ) | - | (80,231 | ) |
Valuation in 2018 | 370,912 | (502,682 | ) | (131,770 | ) |
Valuation in 2019 | 128,495 | - | 128,495 |
Valuation in 2020 | 23,362 | - | 23,362 |
Cost | 3,082,395 | 1,256,250 | 4,338,645 |
3,524,933 | 753,568 | 4,278,501 |
If shares in group undertakings had not been revalued they would have been included at the following historical cost: |
31.3.20 | 31.3.19 |
£ | £ |
Cost | 3,082,395 | 3,082,395 |
Shares in group undertakings were valued on a net asset basis on 31 March 2018 by the directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
6. | GUARANTEES AND OTHER FINANCIAL COMMITMENTS |
The company's bankers hold a cross guarantee between the company and related parties. |
It is the opinion of the director that this guarantee will not crystallise and therefore not has been provided for in these financial statements. |
YORKSHIRE PERIOD HOTELS LIMITED (REGISTERED NUMBER: 04079861) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
7. | RELATED PARTY DISCLOSURES |
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. |