St Peter Hotel Limited - Limited company accounts 11.4

REGISTERED NUMBER: 07934854 (England and Wales)

Report of the Director and

Unaudited Financial Statements For The Year Ended 28 February 2014

for

St Peter Hotel Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

M A Ulrich FCCA

SECRETARY:

REGISTERED OFFICE:

Third Floor

15 Poland Street

London

W1F 8QE

REGISTERED NUMBER:

07934854 (England and Wales)

ACCOUNTANTS:

Gower Accountancy Ltd

Third Floor

15 Poland Street

London

W1F 8QE

The director presents his report with the financial statements of the company for the year ended 28 February 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of developing hotel in London.

DIRECTOR

M A Ulrich FCCA held office during the whole of the period from 1 March 2013 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

M A Ulrich FCCA - Director

19 August 2014

TURNOVER

-

-

Cost of sales

(2,499

)

(18,750

)

GROSS LOSS

(2,499

)

(18,750

)

Administrative expenses

(235,806

)

(165,319

)

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(238,305

)

(184,069

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(238,305

)

(184,069

)

FIXED ASSETS

Tangible assets

4

689,826

172,989

CURRENT ASSETS

Debtors

5

489,355

601,260

Cash at bank

19,902

13,760

509,257

615,020

CREDITORS

Amounts falling due within one year

6

(87,499

)

(23,297

)

NET CURRENT ASSETS

421,758

591,723

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111,584

764,712

CREDITORS

Amounts falling due after more than one year

7

(1,533,858

)

(948,681

)

NET LIABILITIES

(422,274

)

(183,969

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

(422,374

)

(184,069

)

SHAREHOLDERS' FUNDS

(422,274

)

(183,969

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 19 August 2014 and were signed by:

M A Ulrich FCCA - 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).

Tangible fixed assets

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

Deferred tax

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

balance sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

Period

3.2.12

Year Ended

to

28.2.14

28.2.13

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 28 February 2014 nor for the

period ended 28 February 2013.

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 March 2013

172,989

Additions

516,837

At 28 February 2014

689,826

NET BOOK VALUE

At 28 February 2014

689,826

At 28 February 2013

172,989

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Other debtors

489,355

601,260

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

£

Trade creditors

85,499

21,297

Other creditors

2,000

2,000

87,499

23,297

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2014

2013

£

£

Other creditors

1,533,858

948,681

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 March 2013

(184,069

)

Deficit for the year

(238,305

)

At 28 February 2014

(422,374

)