Queens Hotel Limited - Limited company - abbreviated - 11.9

Queens Hotel Limited - Limited company - abbreviated - 11.9

QUEENS HOTEL LIMITED - Company Information

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REGISTERED NUMBER: 02803440 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

QUEENS HOTEL LIMITED

QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

QUEENS HOTEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: D Kambouris
E Kambouri





SECRETARY: T Kambouri





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 02803440 (England and Wales)





ACCOUNTANTS: EAGK LLP
Chartered Accountants
869 High Road
London
N12 8QA
Page 1
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 2,487,854 2,521,965
2,487,854 2,521,965

CURRENT ASSETS
Stocks 500 505
Debtors 21,425 34,238
Cash at bank and in hand 279,937 281,001
301,862 315,744
CREDITORS
Amounts falling due within one year 177,416 114,927
NET CURRENT ASSETS 124,446 200,817
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,612,300
2,722,782

CREDITORS
Amounts falling due after more than one
year
568,616
739,500
NET ASSETS 2,043,684 1,983,282

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 1,569,797 1,569,797
Profit and loss account 473,787 413,385
SHAREHOLDERS' FUNDS 2,043,684 1,983,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 15 December 2015 and were signed on
its behalf by:




D Kambouris - Director



E Kambouri - Director


The notes form part of these abbreviated accounts

Page 3
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008).

Turnover
Turnover represents sales (excluding VAT and similar taxes) of goods and services, net of discounts
provided in the normal course of business and recognised when services have been rendered.

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

Freehold property - not provided
Plant and machinery - 25% on reducing balance.
Fixtures and fittings - 25% on reducing balance.
Computer equipment - 25% on reducing balance.

In accordance with the Financial Reporting Standard for Smaller Entities, FRSSE, (effective April
2008), freehold properties are re-valued annually and the aggregate surplus or deficit is transferred to
revaluation reserve. No depreciation is provided in respect of freehold properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts
with the principles set out in the FRSSE (effective April 2008). The directors consider that, in order to
give a true and fair view of the value of the properties it is necessary to adopt FRSSE (effective April
2008), as appose to depreciating as per the Companies Act 2006. If this departure from the act had
not been made, the profit for the financial year would have been reduced by the amount of
depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 35,000
AMORTISATION
At 1 April 2014
and 31 March 2015 35,000
NET BOOK VALUE

At 31 March 2015 -
At 31 March 2014 -

Page 4 continued...
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 2,846,733
DEPRECIATION
At 1 April 2014 324,768
Charge for year 34,111
At 31 March 2015 358,879
NET BOOK VALUE
At 31 March 2015 2,487,854
At 31 March 2014 2,521,965

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 5