Oaklands Hall Hotel Limited - Period Ending 2015-03-31

Registration number: 07440739

Oaklands Hall Hotel Limited

Unaudited Abbreviated Accounts

FOR THE Year Ended 31 March 2015
 

Oaklands Hall Hotel Limited
Contents

			Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Oaklands Hall Hotel Limited
(Registration number: 07440739)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					186,787			176,295
Current assets
Stocks					11,716			15,673
Debtors					77,962			71,996
Cash at bank and in hand					124,112			142,816
					213,790			230,485
Creditors: Amounts falling due within one year					(436,746)			(398,220)
Net current liabilities					(222,956)			(167,735)
Total assets less current liabilities					(36,169)			8,560
Creditors: Amounts falling due after more than one year					(283,164)			(383,043)
Provisions for liabilities					12,202			23,232
Net liabilities					(307,131)			(351,251)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(307,231)			(351,351)
Shareholders' deficit					(307,131)			(351,251)

For the year ending 31 March 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.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 30 December 2015 and signed on its behalf by:

.........................................
N Underwood
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Oaklands Hall Hotel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Fixtures and fittings	15% - 25% reducing balance
Computer equipment	33% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		299,033			299,033
Additions		43,516			43,516
At 31 March 2015		342,549			342,549
Depreciation
At 1 April 2014		122,738			122,738
Charge for the year		33,024			33,024
At 31 March 2015		155,762			155,762
Net book value
At 31 March 2015		186,787			186,787
At 31 March 2014		176,295			176,295

Page 2

Oaklands Hall Hotel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4

Control

The company is controlled by NSU Leisure Limited and Sotby Farming Company Limited. Both companies are registered in England and Wales. The directors of the companies are also directors of Oaklands Hall Hotel Limited..

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