BUTCHERS ARMS (NORTH KELSEY) LIMITED - Limited company - abbreviated - 11.9
BUTCHERS ARMS (NORTH KELSEY) LIMITED - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| for |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED (Registered number: 03211619) |
| Contents of the Abbreviated Accounts |
| for the year ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED |
| Company Information |
| for the year ended 30 June 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED (Registered number: 03211619) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED (Registered number: 03211619) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED (Registered number: 03211619) |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis in spite of the apparent insolvency |
| indicated by the balance sheet. This is because of the directors' continuing financial support and their belief that |
| if the main property asset was shown at market value rather than cost the balance sheet would not be in deficit. |
| Accounting convention |
| The financial statements 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 net sales of goods, excluding Value Added Tax. |
| Tangible fixed assets |
| Provision is made for depreciation in order to write off each asset over its estimated useful life. The annual rates |
| used are detailed below: |
| Plant and machinery | 25% on cost |
| Office equipment | 25% on cost |
| Furniture and fittings | 15% on cost |
| No provision is currently made in respect of freehold buildings because the directors consider market value to be |
| in excess of cost. This decision is regularly reviewed. |
| 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 material timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| It is the directors' opinion that the market value of the land and buildings is higher than the cost shown in these |
| financial statements. Hence they are not depreciated. |
| BUTCHERS ARMS (NORTH KELSEY) LIMITED (Registered number: 03211619) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 June 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary Shares | £1 |
| 4. | TRANSACTION WITH DIRECTORS |
| At 30 June 2015 the company was owed £60(2014:£60) by three of its directors for their issued share capital. |
| 5. | CONTROL |
| The company is controlled by its directors by virtue of the fact that they own 80% of the ordinary share capital |
| between them. |