Accounts filed on 31-03-2020

Accounts filed on 31-03-2020

HOTEL REMBRANDT LIMITED - Company Information

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Hotel Rembrandt Limited 06022930 false 2019-04-01 2020-03-31 2020-03-31 The principal activity of the company is hoteliers Digita Accounts Production Advanced 6.26.9041.0 Software true Annual Report and Unaudited Filleted Financial Statements For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.Companies> The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Board 2021-03-09 G Roper 97 The Esplanade Weymouth Dorset DT4 7AT These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: 15% written down value Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared. A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Ordinary "A" shares Ordinary "B" shares Ordinary "C" shares Ordinary "D" shares 323493 365128 42348 44514 197895 189216 2250 36587 242493 270317 472057 493436 -229564 -223119 93929 142009 59797 67341 34132 74668 33132 73668 34132 74668 44 58 822296 822296 15509 15509 837805 837805 457168 457168 57144 57144 514312 514312 323493 365128 31938 30516 143707 139707 3566 3058 18684 15935 197895 189216 52080 147396 173731 40880 72577 1422 1744 52704 61993 151236 167062 1 250 250 1 250 250 1 250 250 1 250 250 1000 1000 1000 1000 52080 06022930 2019-04-01 2020-03-31 06022930 2020-03-31 06022930 bus:OrdinaryShareClass1 2020-03-31 06022930 bus:OrdinaryShareClass2 2020-03-31 06022930 bus:OrdinaryShareClass3 2020-03-31 06022930 bus:OrdinaryShareClass4 2020-03-31 06022930 core:RetainedEarningsAccumulatedLosses 2020-03-31 06022930 core:CurrentFinancialInstruments 2020-03-31 06022930 core:CurrentFinancialInstruments core:WithinOneYear 2020-03-31 06022930 core:FurnitureFittingsToolsEquipment 2020-03-31 06022930 bus:SmallEntities 2019-04-01 2020-03-31 06022930 bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 06022930 bus:FullAccounts 2019-04-01 2020-03-31 06022930 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 06022930 bus:RegisteredOffice 2019-04-01 2020-03-31 06022930 bus:CompanySecretaryDirector1 2019-04-01 2020-03-31 06022930 bus:OrdinaryShareClass1 2019-04-01 2020-03-31 06022930 bus:OrdinaryShareClass2 2019-04-01 2020-03-31 06022930 bus:OrdinaryShareClass3 2019-04-01 2020-03-31 06022930 bus:OrdinaryShareClass4 2019-04-01 2020-03-31 06022930 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 06022930 core:FurnitureFittingsToolsEquipment 2019-04-01 2020-03-31 06022930 core:PlantMachinery 2019-04-01 2020-03-31 06022930 countries:England 2019-04-01 2020-03-31 06022930 2019-03-31 06022930 core:FurnitureFittingsToolsEquipment 2019-03-31 06022930 2018-04-01 2019-03-31 06022930 2019-03-31 06022930 bus:OrdinaryShareClass1 2019-03-31 06022930 bus:OrdinaryShareClass2 2019-03-31 06022930 bus:OrdinaryShareClass3 2019-03-31 06022930 bus:OrdinaryShareClass4 2019-03-31 06022930 core:RetainedEarningsAccumulatedLosses 2019-03-31 06022930 core:CurrentFinancialInstruments 2019-03-31 06022930 core:CurrentFinancialInstruments core:WithinOneYear 2019-03-31 06022930 core:FurnitureFittingsToolsEquipment 2019-03-31 iso4217:GBP xbrli:pure xbrli:shares