Red Lion Inn (Birchover) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07102894 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

RED LION INN (BIRCHOVER) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Frau

REGISTERED OFFICE:

Main Street

Birchover

Derbyshire

DE4 2BN

REGISTERED NUMBER:

07102894 (England and Wales)

ACCOUNTANTS:

Mills & Black

Derwent House

141-145 Dale Road

Matlock

Derbyshire

DE4 3LU

FIXED ASSETS

Tangible assets

2

13,743

17,264

CURRENT ASSETS

Stocks

4,670

5,000

Debtors

191

11,097

Cash at bank and in hand

5,384

72

10,245

16,169

CREDITORS

Amounts falling due within one year

169,650

153,428

NET CURRENT LIABILITIES

(159,405

)

(137,259

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(145,662

)

(119,995

)

CREDITORS

Amounts falling due after more than one
year

2,697

9,159

NET LIABILITIES

(148,359

)

(129,154

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(148,459

)

(129,254

)

SHAREHOLDERS' FUNDS

(148,359

)

(129,154

)

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 director acknowledges his 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 director on 30 September 2016 and were signed by:

M Frau - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

46,520

DEPRECIATION

At 1 January 2015

29,256

Charge for year

3,521

At 31 December 2015

32,777

NET BOOK VALUE

At 31 December 2015

13,743

At 31 December 2014

17,264

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1.00

100

4.	GOING CONCERN

The financial statements have been prepared on a going concern basis, the validity of which depends upon the

continued support of the company's director's and shareholders. The financial statements do not include any

adjustments that would result from a failure to retain this support.