Accounts filed on 31-12-2015

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			Company registration number:09372217
			EAST PALLANT BED & BREAKFAST LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE PERIOD ENDED 31 December 2015

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EAST PALLANT BED & BREAKFAST LTD

BALANCE SHEET

AS AT 31 December 2015

2015

Notes

£

£

CURRENT ASSETS

Stocks

107

Debtors

874

Cash at bank and in hand

26,337

27,318

CREDITORS

Amounts falling due within one year

(8,398)

NET CURRENT ASSETS

18,920

TOTAL ASSETS LESS

CURRENT LIABILITIES

18,920

NET ASSETS

18,920

CAPITAL AND RESERVES

Called-up equity share capital

2

102

Profit and loss account

18,818

SHAREHOLDERS FUNDS

18,920

For the period ending 31 December 2015 the company was entitled to exempti 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.

These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 2 March 2016 and signed on its behalf.

..........................................................................

R. Barratt

2 March 2016

The annexed notes form part of these financial statements.

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EAST PALLANT BED & BREAKFAST LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover comprises the value of services supplied by the company. Income is recognised when the service is supplied.

Stocks and work In progress

Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks.

2.	Share capital				Allotted, issued and fully paid
					2015
					£
	Ordinary shares of £1 each				102
	Total issued share capital				102
3.	Ultimate controlling party
	The company is controlled by L. Young who owns 51% of the company's issued share capital.