McCreedy Inns Limited - Abbreviated accounts 16.1
McCreedy Inns Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| For The Year Ended 30th November 2015 |
| for |
| McCreedy Inns Limited |
| McCreedy Inns Limited (Registered number: 04165671) |
| Contents of the Abbreviated Accounts |
| For The Year Ended 30th November 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| McCreedy Inns Limited |
| Company Information |
| For The Year Ended 30th November 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| McCreedy Inns Limited (Registered number: 04165671) |
| Abbreviated Balance Sheet |
| 30th November 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
1,600,000 |
1,371,613 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| 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. |
| McCreedy Inns Limited (Registered number: 04165671) |
| Abbreviated Balance Sheet - continued |
| 30th November 2015 |
| The financial statements were approved by the Board of Directors on |
| McCreedy Inns Limited (Registered number: 04165671) |
| Notes to the Abbreviated Accounts |
| For The Year Ended 30th November 2015 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about McCreedy Inns Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents rents received. |
| Tangible fixed assets |
| Freehold property | - |
| Motor vehicles | - |
| Investment property |
| Investment property acquired during the year is shown at cost. |
| Fixed asset investments |
| Fixed asset investments are stated at cost. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st December 2014 |
| and 30th November 2015 |
| DEPRECIATION |
| At 1st December 2014 |
| Charge for year |
| At 30th November 2015 |
| NET BOOK VALUE |
| At 30th November 2015 |
| At 30th November 2014 |
| McCreedy Inns Limited (Registered number: 04165671) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30th November 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st December 2014 |
| and 30th November 2015 |
| NET BOOK VALUE |
| At 30th November 2015 |
| At 30th November 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary |
| £ | £ |
| Aggregate capital and reserves | 1,594,808 | 1,350,716 |
| Profit for the year | 273,275 | 244,717 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| Additions |
| At 30th November 2015 |
| NET BOOK VALUE |
| At 30th November 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable by instalments | - | 1,128,380 |
| McCreedy Inns Limited (Registered number: 04165671) |
| Notes to the Abbreviated Accounts - continued |
| For The Year Ended 30th November 2015 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £0.01 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30th November 2015 and |
| 30th November 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| 8. | CONTROL |
| The company is under the control of its directors. |