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THE LIFESTYLE HOSPITALITY GROUP LIMITED
REGISTERED NUMBER: 07150528
ABBREVIATED BALANCE SHEET
AS AT 30 NOVEMBER 2013
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CREDITORS: amounts falling due within one year
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NET CURRENT (LIABILITIES)/ASSETS
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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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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:
The notes on pages 2 to 4 form part of these financial statements.
Page 1
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THE LIFESTYLE HOSPITALITY GROUP 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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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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The company is supported by the director and the bank, who will continue to support for the foreseeable future and therefore preparing these accounts on a going concern basis is considered reasonable.
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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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Investments held as fixed assets are shown at cost less provision for impairment.
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Page 2
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THE LIFESTYLE HOSPITALITY GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
2.FIXED ASSET INVESTMENTS
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At 1 December 2012 and 30 November 2013
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SUBSIDIARY UNDERTAKINGS
The following were subsidiary undertakings of the company:
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Lifestyle Enterprises (UK) Limited
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Gissons Pub & Hotel Company Limited
(Formerly Lifestyle Venues Limited)
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The aggregate of the share capital and reserves as at 30 November 2013 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Lifestyle Enterprises (UK) Limited
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Gissons Pub & Hotel Company Limited
(Formerly Lifestyle Venues Limited)
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3.DEBTORS
Debtors include £1,264,925 (2012: £1,346,386) falling due after more than one year.
Page 3
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THE LIFESTYLE HOSPITALITY GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
4.CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR
The bank loans due under one year and amounting to £1,268,284 (2012 - £89,268) are secured against the assets of it's subsidiary Lifestyle Enterprises (UK) Limited.
5.CREDITORS:
AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Creditors include amounts not wholly repayable within 5 years as follows:
6.SHARE CAPITAL
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SHARES CLASSIFIED AS CAPITAL
 
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ALLOTTED, CALLED UP AND FULLY PAID
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1,000 Ordinary shares of £1 each
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280 Ordinary A shares of £0.25 each
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SHARES CLASSIFIED AS DEBT
 
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ALLOTTED, CALLED UP AND FULLY PAID
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210,000 Redeemable Preference shares of £1 each
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The redeemable preference shares were issued on 12 January 2007 and were not to be redeemed prior to 12 January 2012. The company is not obliged to redeem on this date, with any future redemption to take place on the anniversary of the issue. No premium is payable on the redemption.
Page 4
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