The Lairgate In Beverley Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03755171 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

The Lairgate In Beverley Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G A F Riggs

R Riggs

SECRETARY:

R Riggs

REGISTERED OFFICE:

30 Lairgate

Beverley

East Yorkshire

HU17 8EE

REGISTERED NUMBER:

03755171 (England and Wales)

ACCOUNTANTS:

Malcolm Jones & Co LLP

Accountants and Business Advisors

West Hill House

Allerton Hill

Chapel Allerton

Leeds

West Yorkshire

LS7 3QB

FIXED ASSETS

Tangible assets

2

924,462

938,635

CURRENT ASSETS

Stocks

6,739

6,445

Debtors

36,239

55,630

Cash at bank and in hand

136,170

204,458

179,148

266,533

CREDITORS

Amounts falling due within one year

748,759

694,262

NET CURRENT LIABILITIES

(569,611

)

(427,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

354,851

510,906

CREDITORS

Amounts falling due after more than one year

3

(335,062

)

(455,000

)

PROVISIONS FOR LIABILITIES

(19,898

)

(25,053

)

NET (LIABILITIES)/ASSETS

(109

)

30,853

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(209

)

30,753

SHAREHOLDERS' FUNDS

(109

)

30,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 July 2015 and were signed on its behalf by:

G A F Riggs - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the retail value of accomodation charges and services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

1,164,170

DEPRECIATION

At 1 November 2013

225,535

Charge for year

14,173

At 31 October 2014

239,708

NET BOOK VALUE

At 31 October 2014

924,462

At 31 October 2013

938,635

3.

CREDITORS

Creditors include an amount of £ 0 (31.10.13 - £ 455,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.10.14

31.10.13

£

£

Repayable by instalments

-

455,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

£1

100

100