MPC Hotels Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07248525 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st May 2020

for

MPC Hotels Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Christophi

Mr M H Pearcey

REGISTERED OFFICE:

c/o Aston Shaw

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

REGISTERED NUMBER:

07248525 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Tangible assets

4

188,221

182,578

CURRENT ASSETS

Stocks

3,450

19,848

Debtors

5

295,047

325,945

Cash at bank and in hand

67,131

76,137

365,628

421,930

CREDITORS

Amounts falling due within one year

6

184,241

198,394

NET CURRENT ASSETS

181,387

223,536

TOTAL ASSETS LESS CURRENT LIABILITIES

369,608

406,114

CREDITORS

Amounts falling due after more than one year

7

-

(100,421

)

PROVISIONS FOR LIABILITIES

(34,164

)

(32,942

)

NET ASSETS

335,444

272,751

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

335,442

272,749

SHAREHOLDERS' FUNDS

335,444

272,751

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 22nd February 2021 and were signed on its behalf by:

Mr M H Pearcey - Director

1.	STATUTORY INFORMATION

MPC Hotels 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.

Plant and machinery etc

-

15% on 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2019 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st June 2019

388,747

Additions

37,123

At 31st May 2020

425,870

DEPRECIATION

At 1st June 2019

206,169

Charge for year

31,480

At 31st May 2020

237,649

NET BOOK VALUE

At 31st May 2020

188,221

At 31st May 2019

182,578

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/20

31/5/19

£

£

Trade debtors

-

47,215

Other debtors

295,047

278,730

295,047

325,945

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/20

31/5/19

£

£

Trade creditors

51,235

90,984

Taxation and social security

98,920

66,226

Other creditors

34,086

41,184

184,241

198,394

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/20

31/5/19

£

£

Other creditors

-

100,421