Abbreviated Company Accounts - CPK HOTELS LIMITED

CPK HOTELS LIMITED - Company Information

00902292 CPK HOTELS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00902292 2015-04-01 2016-03-31 00902292 2016-03-31 00902292 2015-03-31 00902292 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00902292 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00902292

CPK HOTELS LIMITED

Abbreviated Accounts

31 March 2016

CPK HOTELS LIMITED Registered Number 00902292

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,258,132	4,787,653
		6,258,132	4,787,653
Current assets
Cash at bank and in hand		106,643	107,363
		106,643	107,363
Creditors: amounts falling due within one year		(592,419)	(594,200)
Net current assets (liabilities)		(485,776)	(486,837)
Total assets less current liabilities		5,772,356	4,300,816
Provisions for liabilities		(1,626)	0
Total net assets (liabilities)		5,770,730	4,300,816
Capital and reserves
Called up share capital	3	10,000	10,000
Revaluation reserve		5,020,159	3,545,159
Profit and loss account		740,571	745,657
Shareholders' funds		5,770,730	4,300,816

For the year ending 31 March 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 8 August 2016

And signed on their behalf by:
Mr. C Patel, Director

CPK HOTELS LIMITED Registered Number 00902292

Notes to the Abbreviated Accounts for the period ended 31 March 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Fixtures, fittings & equipment - 25% straight line

Investment Property – 25% straight line

Properties that are not held for use in business operations are classified as investment properties. These are held for generating rental income, and capital gain. No depreciation has been provided on these properties. This is a departure from Companies Act 2006, necessary to give a true and fair view.

Investment properties were revalued by Mr. C Patel, a director of the company, on an open market basis. All surpluses and/or deficits have been taken directly to Revaluation Reserve, to comply with FRSSE.

2Tangible fixed assets

	£
Cost
At 1 April 2015	4,870,658
Additions	-
Disposals	-
Revaluations	1,475,000
Transfers	-
At 31 March 2016	6,345,658
Depreciation
At 1 April 2015	83,005
Charge for the year	4,521
On disposals	-
At 31 March 2016	87,526
Net book values
At 31 March 2016	6,258,132
At 31 March 2015	4,787,653

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 Ordinary shares of £1 each	10,000	10,000