Gamebird Inns Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04859954 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

GAMEBIRD INNS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D P Snook

Ms J M J Snook

Mrs A M Cartolano

SECRETARY:

W T N P Goff

REGISTERED OFFICE:

9 Portland Square

Bristol

BS2 8ST

REGISTERED NUMBER:

04859954 (England and Wales)

ACCOUNTANTS:

Goldwyns (Bristol) Limited

9 Portland Square

BRISTOL

BS2 8ST

FIXED ASSETS

Intangible assets

2

220,396

243,146

Tangible assets

3

1,438,387

1,456,266

1,658,783

1,699,412

CURRENT ASSETS

Stocks

20,424

19,967

Debtors

23,271

23,702

Cash at bank and in hand

212,804

155,769

256,499

199,438

CREDITORS

Amounts falling due within one year

4

227,068

178,301

NET CURRENT ASSETS

29,431

21,137

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,688,214

1,720,549

CREDITORS

Amounts falling due after more than one
year

4

414,730

466,437

NET ASSETS

1,273,484

1,254,112

CAPITAL AND RESERVES

Called up share capital

5

1,482,500

Profit and loss account

(209,016

)

(228,388

)

SHAREHOLDERS' FUNDS

1,273,484

1,254,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 July 2016 and were signed on its behalf by:

D P Snook - Director

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 January 2015).

Turnover

Turnover represents sales of goods net of VAT. Turnover is recognised when the goods are physically delivered

to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Straight line over 23 years

Fixtures and fittings

-

over 5-10 years

Computer equipment

-

Straight line over 3 years

Freehold land capitalised within freehold property is not depreciated in accordance with the FRSSE.

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 timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

455,000

AMORTISATION

At 1 January 2015

211,854

Amortisation for year

22,750

At 31 December 2015

234,604

NET BOOK VALUE

At 31 December 2015

220,396

At 31 December 2014

243,146

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,598,793

Additions

4,355

At 31 December 2015

1,603,148

DEPRECIATION

At 1 January 2015

142,527

Charge for year

22,234

At 31 December 2015

164,761

NET BOOK VALUE

At 31 December 2015

1,438,387

At 31 December 2014

1,456,266

4.

CREDITORS

Creditors include an amount of £ 479,379 (2014 - £ 531,086 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

156,135

207,842

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,482,500

Ordinary

£1

1,482,500