GRACE HOSPITALITY LIMITED

GRACE HOSPITALITY LIMITED

GRACE HOSPITALITY LIMITED - Company Information

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GRACE HOSPITALITY LIMITED

Company Registration Number:
09358001 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

GRACE HOSPITALITY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

GRACE HOSPITALITY LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 405,330 552,663
Total fixed assets: 405,330 552,663
Current assets
Stocks: 15,520 12,250
Debtors:   25,744 26,750
Cash at bank and in hand: 144,026 74,769
Total current assets: 185,290 113,769
Creditors: amounts falling due within one year: 4 (39,959) (42,949)
Net current assets (liabilities): 145,331 70,820
Total assets less current liabilities: 550,661 623,483
Creditors: amounts falling due after more than one year: 5 (480,974) (647,599)
Total net assets (liabilities): 69,687 (24,116)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 69,587 (24,216)
Shareholders funds: 69,687 (24,116)

The notes form part of these financial statements

GRACE HOSPITALITY LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2022
and signed on behalf of the board by:

Name: Ian Smith
Status: Director

The notes form part of these financial statements

GRACE HOSPITALITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GRACE HOSPITALITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 13 22

GRACE HOSPITALITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 590,686
Additions 319,823
Disposals (451,476)
At 31 December 2021 459,033
Depreciation
At 01 January 2021 38,023
Charge for year 15,680
At 31 December 2021 53,703
Net book value
At 31 December 2021 405,330
At 31 December 2020 552,663

GRACE HOSPITALITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

Trade Ccreditors 7,397Other taxes and social security 4,146VAT 10,863Other Creditors 17,553

GRACE HOSPITALITY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due after more than one year note

Bank loans 44,167Other Creditors (1) 256,807Other Creditors (2) 155,000Other Creditors (3) 25,000