Abbreviated Company Accounts - JAMAICA INN BODMIN MOOR HOLDINGS LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts chargeable in respect of management services to its subsidiary.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Freehold buildings - 50 years straight line

Intangible assets amortisation policy
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Copyright is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Asset Class
Goodwill - 10 years straight line
Copyright - 10 years straight line

Other accounting policies
Going Concern
The financial statements have been prepared on a going concern basis. the company's ability to continue to trade is dependent upon the support of its directors. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.
Fixed Asset Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

4Fixed assets Investments
Details of the investments in which the company holds 20% or more of the nominal vale of any class of share capital are as follows:

The company has a subsidiary undertaking called Jamaica Inn Bodmin Moor Limited and has a 100% ordinary share holding in the subsidiary. The principal activity of the subsidiary is an Hotel.

The loss for the financial period of Jamaica Inn Bodmin Moor Limited was £10,439 and the aggregate amount of capital and reserves at the end of the period was (£68,634).