BLACK_LION_HOTEL_LIMITED - Accounts

BLACK LION HOTELS LIMITED - Company Information

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Company Registration No. 08609826 (England and Wales)

BLACK LION HOTEL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

BLACK LION HOTEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BLACK LION HOTEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

200,000

162,141

Current assets

Stocks

202,516

249,997

Debtors

3,876

13,217

Cash at bank and in hand

3,171

9,387

209,563

272,601

Creditors: amounts falling due within one year

(370,671)

(453,221)

Net current liabilities

(161,108)

(180,620)

Total assets less current liabilities

38,892

(18,479)

Provisions for liabilities

(6,816)

32,076

(18,479)

Capital and reserves

Called up share capital

1,000

Revaluation reserve

31,043

Profit and loss account

(19,479)

Shareholders' funds

32,076

(18,479)

BLACK LION HOTEL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 April 2016

P D Parker

D F Hobden

Director

Company Registration No. 08609826

BLACK LION HOTEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents rents receivable and property sale proceeds.

1.4

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 August 2014

162,141

Revaluation

37,859

At 1 August 2014 & at 31 July 2015

200,000

At 31 July 2014

162,141

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

BLACK LION HOTEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Ultimate parent company

The ultimate controlling party is Mr & Mrs Parker by virtue of their shareholdings in Carrstone Properties Limited, the 67.5% shareholder.