Company Registration No. 07037734 (England and Wales)
APPLETHWAITE LODGES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
APPLETHWAITE LODGES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
APPLETHWAITE LODGES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
148,365
148,365
Current assets
Debtors
1,089
2,966
Cash at bank and in hand
17,911
10,155
19,000
13,121
Creditors: amounts falling due within one year
(25,591)
(24,291)
Net current liabilities
(6,591)
(11,170)
Total assets less current liabilities
141,774
137,195
Creditors: amounts falling due after more than one year
(44,861)
(83,125)
Provisions for liabilities
(17,291)
(8,724)
79,622
45,346
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
79,523
45,247
Shareholders' funds
79,622
45,346
For the financial year ended 31 March 2015 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 14 August 2015
Mrs S A Hodgson
Director
Company Registration No. 07037734
APPLETHWAITE LODGES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
148,365
At 31 March 2014
148,365
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
99 Ordinary of £1 each
99
99
4
Related party relationships and transactions
Other transactions
Included within other creditors falling due after more than one year is a loan of £ 42,082 (201 4 - £6 3,681 ) from Messrs Hodgson, a farming partnership in which Mrs B Hodgson and Mrs C Hodgson are partners. The loan is unsecured and interest free.42,082 (2014 - £63,681) from Messrs Hodgson, a farming partnership in which Mrs B Hodgson and Mrs C Hodgson are partners. The loan is unsecured and interest free.
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