Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

IVY CORPORATE FINANCE LIMITED - Company Information

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VIRGO HOTELS LIMITED

Company Registration Number:
07262549 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

VIRGO HOTELS LIMITED

Abbreviated Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 10,000 15,000
Total fixed assets: 10,000 15,000
Current assets
Debtors: 3 3,110 9,129
Cash at bank and in hand: 28,370 1,293
Total current assets: 31,480 10,422
Creditors: amounts falling due within one year: 4 ( 35,703 ) ( 17,432 )
Net current assets (liabilities): ( 4,223 ) ( 7,010 )
Total assets less current liabilities: 5,777 7,990
Total net assets (liabilities): 5,777 7,990

The notes form part of these financial statements

VIRGO HOTELS LIMITED

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 1,000 1,000
Profit and loss account: 4,777 6,990
Shareholders funds: 5,777 7,990

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).

The financial statements were approved by the Board of Directors on 31 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Michael Pay
Status: Director

The notes form part of these financial statements

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The Financial Statements are prepared under the Historical Cost Convention and in accordance with the Financial Reporting Standards for Small Entities (2008).

    Turnover policy

    Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided after taking accounts of grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

    Computer software - 25% on cost.

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 2. Tangible assets

    Total
    Cost £
    01 April 2014: 20,000
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 20,000
    Depreciation
    01 April 2014: 5,000
    Charge for year: 5,000
    On disposals: 0
    Other adjustments: 0
    31 March 2015: 10,000
    Net book value
    31 March 2015: 10,000
    31 March 2014: 15,000

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Trade debtors: 610 6,629
    Other debtors: 2,500 2,500
    Total: 3,110 9,129

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Trade creditors: 0 896
    Taxation and social security: 14,257 15,442
    Accruals and deferred income: 20,352 0
    Other creditors: 1,094 1,094
    Total: 35,703 17,432

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,000 1.00 1,000
    Preference shares: 0
    Total share capital (£): 1,000
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,000 1.00 1,000
    Preference shares: 0
    Total share capital (£): 1,000