Abbreviated Company Accounts - STBERNARDS PROPERTY & HOSPITALITY SERVICES LTD

STBERNARDS PROPERTY & HOSPITALITY SERVICES LTD - Company Information

Registered Number 09672005

STBERNARDS PROPERTY & HOSPITALITY SERVICES LTD

Abbreviated Accounts

30 June 2016

STBERNARDS PROPERTY & HOSPITALITY SERVICES LTD Registered Number 09672005

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	990,250
		990,250
Current assets
Debtors		6,543
Cash at bank and in hand		5,638
		12,181
Creditors: amounts falling due within one year		(26,554)
Net current assets (liabilities)		(14,373)
Total assets less current liabilities		975,877
Creditors: amounts falling due after more than one year		(564,000)
Total net assets (liabilities)		411,877
Capital and reserves
Called up share capital		401,993
Profit and loss account		9,884
Shareholders' funds		411,877

For the year ending 30 June 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 July 2016

And signed on their behalf by:
Denis Stephen St. Bernard, Director

STBERNARDS PROPERTY & HOSPITALITY SERVICES LTD Registered Number 09672005

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover as shown in the profit and loss account comprises the revenue recognized by the company from goods and services supplied by the company, excluding value added tax and any trade discount.

Tangible assets depreciation policy
The Mortgage is classified as freehold assets and has been recognised at cost and all the cost associated with bringing the building to its present condition have been capitalised. The property (Amount for land excluded) is depreciated at 2% per annum
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or value of the fixed assets, less their estimated residual value, over their expected useful lives on straight line basis as follows:
Plant and Machinery 10%

2Tangible fixed assets

	£
Cost
Additions	1,006,500
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	1,006,500
Depreciation
Charge for the year	16,250
On disposals	-
At 30 June 2016	16,250
Net book values
At 30 June 2016	990,250