OFFLEY PLACE LIMITED - Abbreviated accounts

L'HÔTE HOSPITALITY (OFFLEY) LTD - Company Information

Registered number

04784529

OFFLEY PLACE LIMITED

Abbreviated Accounts

31 March 2016

OFFLEY PLACE LIMITED
Registered number:		04784529
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	3		19,504			23,365

Current assets
Stocks		22,418			18,764
Debtors		432,728			643,818
Cash at bank and in hand		29,914			51,415
		485,060			713,997

Creditors: amounts falling due within one year		(349,459)			(448,109)

Net current assets			135,601			265,888

Total assets less current liabilities			155,105			289,253

Creditors: amounts falling due after more than one year			(2,388)			(305,499)



Net assets/(liabilities)			152,717			(16,246)

Capital and reserves
Called up share capital	5		100			100
Profit and loss account			152,617			(16,346)

Shareholder's funds			152,717			(16,246)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



H R Sabahipour
Director
Approved by the board on 24 October 2016

OFFLEY PLACE LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line
	Motor vehicles			25% straight line
	Leasehold improvements			33% straight line

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

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Intangible fixed assets					£

	Cost
	At 1 April 2015					190,000
	At 31 March 2016					190,000

	Amortisation
	At 1 April 2015					190,000
	At 31 March 2016					190,000

	Net book value
	At 31 March 2016					-


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					311,517
	Additions					9,006
	At 31 March 2016					320,523

	Depreciation
	At 1 April 2015					288,152
	Charge for the year					12,867
	At 31 March 2016					301,019

	Net book value
	At 31 March 2016					19,504
	At 31 March 2015					23,365


4	Loans					2016		2015
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					294,638		294,638
	Secured bank loans					445,726		445,726


5	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100