Smiths Hotel Ltd (Prev Aiyla Anbar Ltd) - Abbreviated accounts 16.3

REGISTERED NUMBER: SC249368 (Scotland)

Abbreviated Unaudited Accounts

For The Period 1 May 2015 to 31 March 2016

for

Smiths Hotel Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N Mahmood

Mrs M A Chaudhry

SECRETARY:

Mrs M A Chaudhry

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

G32 8FH

REGISTERED NUMBER:

SC249368 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

2

1,143,223

-

Investments

3

-

631,870

1,143,223

631,870

CURRENT ASSETS

Debtors

5,207

111,168

Cash at bank and in hand

58,995

2,127

64,202

113,295

CREDITORS

Amounts falling due within one year

302,374

363,032

NET CURRENT LIABILITIES

(238,172

)

(249,737

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

905,051

382,133

CREDITORS

Amounts falling due after more than one year

4

370,370

288,818

NET ASSETS

534,681

93,315

CAPITAL AND RESERVES

Called up share capital

5

1,000

Revaluation reserve

552,149

-

Profit and loss account

(18,468

)

92,315

SHAREHOLDERS' FUNDS

534,681

93,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 19 December 2016 and were signed on its behalf by:

N Mahmood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain

assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents rental income from a related party who occupy building which is owned by Aiyla Anbar Limited.

Tangible fixed assets

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

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 OR VALUATION

Additions

1,166,092

At 31 March 2016

1,166,092

DEPRECIATION

Charge for period

22,869

At 31 March 2016

22,869

NET BOOK VALUE

At 31 March 2016

1,143,223

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2015

631,870

Impairments

(631,870

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 30 April 2015

631,870

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aiyla Anbar Limited (Formerly Smiths Hotel Limited)

Nature of business: Hoteliers

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

30.4.15

£

Repayable by instalments

277,395

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

30.4.15

value:

£

1,000

Ordinary

1

1,000

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Mahmood, and Mrs M A Chaudhry.