Clear View Hotels Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00316543 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Clear View Hotels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M Timmis

SECRETARY:

Mrs J C Timmis

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

00316543 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

6,592

Investments

4

6,592

1,225,000

Investment property

5

1,225,000

1,231,592

1,231,592

CURRENT ASSETS

561,484

Debtors

6

603,000

117,959

Cash at bank

49,463

679,443

652,463

CREDITORS

67,263

Amounts falling due within one year

7

57,224

612,180

NET CURRENT ASSETS

595,239

1,843,772

TOTAL ASSETS LESS CURRENT LIABILITIES

1,826,831

CREDITORS

(300,000

)

Amounts falling due after more than one year

8

(300,000

)

(67,812

)

PROVISIONS FOR LIABILITIES

(67,812

)

1,475,960

NET ASSETS

1,459,019

CAPITAL AND RESERVES

9,069

Called up share capital

9,069

1,466,891

Retained earnings

1,449,950

1,475,960

SHAREHOLDERS' FUNDS

1,459,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 December 2020 and were signed by:

R M Timmis - Director

1.	STATUTORY INFORMATION

Clear View Hotels Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent received, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2019

and 31 March 2020

6,592

NET BOOK VALUE

At 31 March 2020

6,592

At 31 March 2019

6,592

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

1,225,000

NET BOOK VALUE

At 31 March 2020

1,225,000

At 31 March 2019

1,225,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2013

1,415,000

Valuation in 2015

310,000

Valuation in 2016

(240,000

)

Valuation in 2019

(260,000

)

1,225,000

6.

DEBTORS

31.3.20

31.3.19

£

£

Amounts falling due within one year:

Trade debtors

13,734

14,391

Other debtors

346,479

271,789

360,213

286,180

Amounts falling due after more than one year:

Other debtors

242,787

275,304

Aggregate amounts

603,000

561,484

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

2,112

2,115

Taxation and social security

6,448

15,547

Other creditors

48,664

49,601

57,224

67,263

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

300,000

300,000