Tulip Hotels Limited Filleted accounts for Companies House (small and micro)
Tulip Hotels Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02790171
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
-------- |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Creditors: amounts falling due after more than one year |
8 |
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– |
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Provisions
Taxation including deferred tax |
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--------- |
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Net liabilities |
(
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(
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Statement of Financial Position (continued) |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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--------- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 July 2021
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
02790171
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Notes to the Financial Statements |
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Chislehurst Road, Chislehurst, BR7 5NP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Impairment of fixed assets
Stocks
Government grants
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2020:
14
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2020 |
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Disposals |
– |
(
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(
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(
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At 31 March 2021 |
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Depreciation |
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At 1 April 2020 |
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Charge for the year |
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Disposals |
– |
(
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(
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(
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At 31 March 2021 |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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-------- |
-------- |
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-------- |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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------------ |
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8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
-------- |
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During the first 12 months of the loan, interest will be covered by the Business Interruption Payment. Interest payments thereafter will be incurred at a rate of 2.5%. Capital repayments are deferred for the first 12 months of the loan. Thereafter, capital repayments will be at £2,500 per month to clear the loan by July 2026.
9.
Related party transactions
The company was under the control of Mr Dogan and members of his close family throughout the current and previous year. Mr A Dogan was personally interested in 65% (2020 - 65%) of the company's share capital. In addition, his adult children controlled in aggregate a further 35% (2020 - 35%) of the company's issued share capital. At 31 March 2021 the company owed Mr A Dogan, majority shareholder, £1,622,704 (2020 - £1,644,104). This balance is shown in other creditors.