Jamaica Inn Bodmin Moor Holdings Limited - Period Ending 2015-02-28

Registered number 08846771

Jamaica Inn Bodmin Moor Holdings Limited
 
  Unaudited Abbreviated Accounts
 
  for the Period from 15 January 2014 to 28 February 2015
 
 

Jamaica Inn Bodmin Moor Holdings Limited
(Registered number: 08846771)
Abbreviated Balance Sheet at 28 February 2015

		Note			28 February 2015
	£			£
Fixed assets
Intangible fixed assets		2						364,846
Tangible fixed assets		2						2,352,686
Investments		2						100
								2,717,632
Current assets
Debtors					407,919
Cash at bank					3,070
					410,989
Creditors: Amounts falling due within one year					(1,918,041)
Net current liabilities								(1,507,052)
Total assets less current liabilities								1,210,580
Creditors: Amounts falling due after more than one year								(1,207,559)
Net assets								3,021
Capital and reserves
Called up share capital		4			100
Profit and loss account					2,921
Shareholders' funds								3,021

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the period ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Board and authorised for issue on 15 October 2015 and signed on its behalf by:

.........................................
Mr A R Jackson
Director

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Jamaica Inn Bodmin Moor Holdings Limited
Notes to the Abbreviated Accounts
for the Period from 15 January 2014 to 28 February 2015

1	Accounting policies

Basis of preparation

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).

Going concern

The financial statements have been prepared on a going concern basis. the company's ability to continue to trade is dependent upon the support of its directors. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.

Turnover

Turnover represents amounts chargeable in respect of management services to its subsidiary.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Copyright is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Asset class	Amortisation method and rate
Goodwill	10 years straight line
Copyright	10 years straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold buildings	50 years straight line

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Jamaica Inn Bodmin Moor Holdings Limited
Notes to the Abbreviated Accounts
for the Period from 15 January 2014 to 28 February 2015

2	Fixed assets

		Intangible assets £			Tangible assets £			Investments £			Total £
Cost
Additions		405,280			2,380,983			100			2,786,363
At 28 February 2015		405,280			2,380,983			100			2,786,363
Depreciation
Charge for the period		40,434			28,297			-			68,731
At 28 February 2015		40,434			28,297			-			68,731
Net book value
At 28 February 2015		364,846			2,352,686			100			2,717,632

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Jamaica Inn Bodmin Moor Limited	Ordinary	100%	Hotel

The loss for the financial period of Jamaica Inn Bodmin Moor Limited was £58,195 and the aggregate amount of capital and reserves at the end of the period was (£58,095).

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Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		28 February 2015 £
Amounts falling due within one year		58,304
Amounts falling due after more than one year		1,207,559
Total secured creditors		1,265,863

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Jamaica Inn Bodmin Moor Holdings Limited
Notes to the Abbreviated Accounts
for the Period from 15 January 2014 to 28 February 2015

4	Share capital

Allotted, called up and fully paid shares

	28 February 2015
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

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