DB_Hospitality_Management - Accounts


DB Hospitality Management Limited
Unaudited Abbreviated Accounts
For the year ended 31 March 2016
Company Registration No. 08465570 (England and Wales)
DB Hospitality Management Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DB Hospitality Management Limited
Abbreviated Balance Sheet
As at 31 March 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,056
1,408
Current assets
Debtors
72,783
139,700
72,783
139,700
Creditors: amounts falling due within one year
(144,448)
(167,898)
Net current liabilities
(71,665)
(28,198)
Total assets less current liabilities
(70,609)
(26,790)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(70,709)
(26,890)
Shareholders'  funds
(70,609)
(26,790)
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.
The members have not required the company to obtain an audit.
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 14 December 2016
L. Del Bono
Director
Company Registration No. 08465570
DB Hospitality Management Limited
Notes to the Abbreviated Accounts
For the year ended 31 March 2016
Page 2
1
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 January 2015).

Presentation of the financial statements

At the balance sheet date the company had net current liabilities of £71,665 (2015: £28,198). Included within creditors due within one year is £15,166 (2015: £45,526) due to Del Bono & Partners LLP, an entity in which the director, L. Del Bono has a controlling interest. The partnership has confirmed to the company that they will not request repayment of this amount until the company is in a financial position to do so. The director has confirmed that he will continue to financially support the company for the foreseeable future, as required. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

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
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:
Computer equipment
25% Reducing Balance
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
DB Hospitality Management Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 March 2016
Page 3
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,614
Depreciation
At 1 April 2015
206
Charge for the year
352
At 31 March 2016
558
Net book value
At 31 March 2016
1,056
At 31 March 2015
1,408
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
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