OFFLEY PLACE LIMITED - Abbreviated accounts

L'HÔTE HOSPITALITY (OFFLEY) LTD - Company Information

Registered number

04784529

OFFLEY PLACE LIMITED

Abbreviated Accounts

31 March 2015

OFFLEY PLACE LIMITED
Registered number:		04784529
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	3		23,365			42,544

Current assets
Stocks		18,764			18,764
Debtors		643,818			392,283
Cash at bank and in hand		51,415			12,030
		713,997			423,077

Creditors: amounts falling due within one year		(448,109)			(354,794)

Net current assets			265,888			68,283

Total assets less current liabilities			289,253			110,827

Creditors: amounts falling due after more than one year			(305,499)			(305,092)



Net liabilities			(16,246)			(194,265)

Capital and reserves
Called up share capital	5		100			100
Profit and loss account			(16,346)			(194,365)

Shareholder's funds			(16,246)			(194,265)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



H R Sabahipour
Director
Approved by the board on 14 December 2015

OFFLEY PLACE LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Intangible fixed assets					£

	Cost
	At 1 April 2014					190,000
	At 31 March 2015					190,000

	Amortisation
	At 1 April 2014					190,000
	At 31 March 2015					190,000

	Net book value
	At 31 March 2015					-


3	Tangible fixed assets					£

	Cost
	At 1 April 2014					307,937
	Additions					3,580
	At 31 March 2015					311,517

	Depreciation
	At 1 April 2014					265,393
	Charge for the year					22,759
	At 31 March 2015					288,152

	Net book value
	At 31 March 2015					23,365
	At 31 March 2014					42,544


4	Loans					2015		2014
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					294,638		305,092
	Secured bank loans					445,726		435,774


5	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100