Melvich Hotel Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC330482 (Scotland)

Melvich Hotel Ltd

Abbreviated Accounts For The Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Wyke

SECRETARY:

Mrs J Wyke

REGISTERED OFFICE:

Melvich

Thurso

Caithness

KW14 7YJ

REGISTERED NUMBER:

SC330482 (Scotland)

ACCOUNTANTS:

The Long Partnership

Chartered Accountants

Chartered Tax Advisers

3a Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Intangible assets

2

70,000

Tangible assets

3

236,965

244,605

306,965

314,605

CURRENT ASSETS

Stocks

15,998

10,671

Debtors

9,829

18,152

Cash at bank and in hand

52,249

55,349

78,076

84,172

CREDITORS

Amounts falling due within one year

13,049

21,583

NET CURRENT ASSETS

65,027

62,589

TOTAL ASSETS LESS CURRENT
LIABILITIES

371,992

377,194

CREDITORS

Amounts falling due after more than one
year

4

(457,418

)

(457,418

)

ACCRUALS AND DEFERRED INCOME

(5,061

)

(5,430

)

NET LIABILITIES

(90,487

)

(85,654

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

(91,487

)

(86,654

)

SHAREHOLDERS' FUNDS

(90,487

)

(85,654

)

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

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

The director acknowledges his 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 director on 21 December 2016 and were signed by:

R A Wyke - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is not depreciated and is subject to an annual impairment review.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Equipment

-

25% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

70,000

NET BOOK VALUE

At 31 March 2016

70,000

At 31 March 2015

70,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

325,612

Additions

900

At 31 March 2016

326,512

DEPRECIATION

At 1 April 2015

81,007

Charge for year

8,540

At 31 March 2016

89,547

NET BOOK VALUE

At 31 March 2016

236,965

At 31 March 2015

244,605

4.

CREDITORS

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

31.3.16

31.3.15

£

Repayable otherwise than by instalments

457,418

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,000

Ordinary

£1

1,000