GREYFORT HOTELS LIMITED - Accounts 2014


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Registered number: 08360766

Greyfort Hotels Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2014

Prepared By:
R.J.Taylor & Co
Chartered Accountants
Unit A2 Imex Business Park
Flaxley Road
Stechford
Birmingham
B33 9AL


Greyfort Hotels Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08360766


Greyfort Hotels Limited

Registered Number: 08360766
BALANCE SHEET AT 31/03/2014
20142013
Notes££
FIXED ASSETS
Intangible assets212,244-
Tangible assets38,436,6927,708,017
8,448,9367,708,017
CURRENT ASSETS
Stock35,35434,562
Debtors (amounts falling due within one year)4210,273247,145
Cash at bank and in hand352,596548,002
598,223829,709
CREDITORS: Amounts falling due within one year890,314560,507
NET CURRENT (LIABILITIES) / ASSETS(292,091)269,202
TOTAL ASSETS LESS CURRENT LIABILITIES8,156,8457,977,219
CREDITORS: Amounts falling due after more than one year52,000,000-
NET ASSETS6,156,8457,977,219
CAPITAL AND RESERVES
Called up share capital65,6125,612
Share premium account8,268,5928,268,592
Profit and loss account(2,117,359)(296,985)
SHAREHOLDERS' FUNDS6,156,8457,977,219
For the year ending 31/03/2014 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 10/07/2014 and signed on their behalf by
R.Spollon
Director


Greyfort Hotels Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsstraight line 2%
Long Leasehold Propertiesreducing balance 10%
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


Greyfort Hotels Limited

2. INTANGIBLE FIXED ASSETS
PatentsTotal
££
Cost
Additions16,32516,325
At 31/03/201416,32516,325
Depreciation
For the year4,0814,081
At 31/03/20144,0814,081
Net Book Amounts
At 31/03/201412,24412,244
3. TANGIBLE FIXED ASSETS
Land AndLong LeaseholdPlant andCommercialFixtures
BuildingsPropertiesMachineryVehiclesand FittingsEquipmentTotal
£££££££
Cost
At 01/04/20137,267,733168,02137,3092,496173,98698,5117,748,056
Additions41,098427,76113,382-158,519548,2491,189,009
At 31/03/20147,308,831595,78250,6912,496332,505646,7608,937,065
Depreciation
At 01/04/201324,2262,8001,5551047,2494,10540,039
For the year146,17659,29812,28459881,314160,664460,334
At 31/03/2014170,40262,09813,83970288,563164,769500,373
Net Book Amounts
At 31/03/20147,138,429533,68436,8521,794243,942481,9918,436,692
At 31/03/20137,243,507165,22135,7542,392166,73794,4067,708,017


Greyfort Hotels Limited

4. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors54,12487,216
VAT37,74212,732
Other debtors118,407147,197
210,273247,145
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Bank loans and overdrafts2,000,000-
2,000,000-
6. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
5612 Ordinary shares of £1 each56125612
5,6125,612