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Registered number: 07146763
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GISSONS PUB & HOTEL COMPANY LIMITED
(FORMERLY LIFESTYLE VENUES LIMITED)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
These financial statements have not been audited as the company is exempt under s477 of the Companies Act 2006 from the requirement to obtain an audit of its financial statements.
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GISSONS PUB & HOTEL COMPANY LIMITED (FORMERLY LIFESTYLE VENUES LIMITED)
REGISTERED NUMBER: 07146763
ABBREVIATED BALANCE SHEET
AS AT 30 NOVEMBER 2013
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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Page 1
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GISSONS PUB & HOTEL COMPANY LIMITED (FORMERLY LIFESTYLE VENUES LIMITED)
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 NOVEMBER 2013
The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 November 2013 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which 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, were approved and authorised for issue by the board and were signed on its behalf by:
Lifestyle International Hospitality Limited
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
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GISSONS PUB & HOTEL COMPANY LIMITED (FORMERLY LIFESTYLE VENUES LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
1.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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During the period the company was supported by it's fellow subsidiary, and the group by it's bankers and by Mr & Mrs P J Eyre, as directors.
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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TANGIBLE FIXED ASSETS AND DEPRECIATION
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Short-term leasehold property
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Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2.TANGIBLE FIXED ASSETS
Page 3
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GISSONS PUB & HOTEL COMPANY LIMITED (FORMERLY LIFESTYLE VENUES LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
3.DEBTORS
Debtors include £11,112 (2012: £80) falling due after more than one year.
4.SHARE CAPITAL
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ALLOTTED, CALLED UP AND FULLY PAID
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100 Ordinary shares of £1 each
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5.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY
As at the year end the company was an 80% subsidiary of The Lifestyle Hospitality Group Limited, a company incorporated in England and Wales.
Page 4
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