APPLETHWAITE_LODGES_LIMIT - Accounts

APPLETHWAITE LODGES LIMITED - Company Information

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Company Registration No. 07037734 (England and Wales)

APPLETHWAITE LODGES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

APPLETHWAITE LODGES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

APPLETHWAITE LODGES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

148,365

93,246

Current assets

Debtors

2,966

5,056

Cash at bank and in hand

10,155

939

13,121

5,995

Creditors: amounts falling due within one year

(24,291)

(4,752)

Net current (liabilities)/assets

(11,170)

1,243

Total assets less current liabilities

137,195

94,489

Creditors: amounts falling due after more than one year

(83,125)

(67,190)

Provisions for liabilities

(8,724)

45,346

27,299

Capital and reserves

Called up share capital

Profit and loss account

45,247

27,200

Shareholders' funds

45,346

27,299

APPLETHWAITE LODGES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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;

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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 July 2014

Mrs S A Hodgson

Director

Company Registration No. 07037734

APPLETHWAITE LODGES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Log cabins

nil

1.4

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Fixed assets

Tangible assets

Cost

At 1 April 2013

93,246

Additions

55,119

At 31 March 2014

148,365

At 31 March 2013

93,246

Share capital

2014

2013

Allotted, called up and fully paid

99 Ordinary of £1 each

APPLETHWAITE LODGES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Related party relationships and transactions

Other transactions

Included within other creditors falling due after more than one year is a loan of £63,681 (2013 - £67,190) from Messrs Hodgson, a farming partnership in which Mrs B Hodgson and Mrs C Hodgson are partners. The loan is unsecured and interest free.