DE_ROUGEMONT_MANOR_LTD - Accounts

DE ROUGEMONT MANOR LTD - Company Information

Print Friendly Version

Company Registration No. 07868424 (England and Wales)

DE ROUGEMONT MANOR LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

DE ROUGEMONT MANOR LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

DE ROUGEMONT MANOR LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

270,000

315,000

Tangible assets

134,150

106,688

404,150

421,688

Current assets

Stocks

26,175

25,126

Debtors

62,928

134,224

Cash at bank and in hand

102,403

36,157

191,506

195,507

Creditors: amounts falling due within one year

(143,126)

(159,451)

Net current assets

48,380

36,056

Total assets less current liabilities

452,530

457,744

Provisions for liabilities

(19,400)

(12,277)

433,130

445,467

Capital and reserves

Called up share capital

275,699

Profit and loss account

157,431

169,768

Shareholders' funds

433,130

445,467

DE ROUGEMONT MANOR LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 22 August 2016

Mr J N Hilton

Mrs D A M Laybourn

Director

Company Registration No. 07868424

DE ROUGEMONT MANOR LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention 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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Fixtures, fittings and equipment

20% reducing balance

Motor vehicles

25% reducing balance

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

DE ROUGEMONT MANOR LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

450,000

173,743

623,743

Additions

65,756

Disposals

(7,343)

At 31 March 2016

450,000

232,156

682,156

Depreciation

At 1 April 2015

135,000

67,055

202,055

On disposals

(2,935)

Charge for the year

45,000

33,886

78,886

At 31 March 2016

180,000

98,006

278,006

Net book value

At 31 March 2016

270,000

134,150

404,150

At 31 March 2015

315,000

106,688

421,688

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £4,145 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

275,600 ordinary A shares of £1 each

275,600

99 ordinary B shares of £1 each

275,699

DE ROUGEMONT MANOR LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

J N Hilton - Directors Loan Account

34,103

19,023

45,000

8,126

D A M Laybourn - Directors Loan Account

33,876

18,192

45,000

7,068

V R Kelly - Directors Loan Account

34,010

25,626

45,000

14,636

101,989

62,841

135,000

29,830

Other transactions

The bank overdraft is secured by personal guarantees given by the directors.