Company Registration No. 05333129 (England and Wales)
ROCK POINT INN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
ROCK POINT INN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
4,500
Tangible assets
2
158,157
8,623
158,157
13,123
Current assets
Stocks
5,574
4,866
Debtors
1,443
2,085
Cash at bank and in hand
88,861
167,896
95,878
174,847
Creditors: amounts falling due within one year
(37,466)
(31,527)
Net current assets
58,412
143,320
Total assets less current liabilities
216,569
156,443
Provisions for liabilities
(1,252)
(1,411)
215,317
155,032
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
215,316
155,031
Shareholders' funds
215,317
155,032
ROCK POINT INN LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2015
28 February 2015
- 2 -
For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 28 October 2015
Mrs G Caddy
Director
Company Registration No. 05333129
ROCK POINT INN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 3 -
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Land and buildings Freehold
2% reducing balance
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2014
45,000
29,483
74,483
Additions
-
152,301
152,301
At 28 February 2015
45,000
181,784
226,784
Depreciation
At 1 March 2014
40,500
20,861
61,361
Charge for the year
4,500
2,766
7,266
At 28 February 2015
45,000
23,627
68,627
Net book value
At 28 February 2015
-
158,157
158,157
At 28 February 2014
4,500
8,623
13,123
ROCK POINT INN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Shares (A) of £1 each
1
1
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