Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
trueApplegarth Hotel Limited044089312016-04-301670932678651671932679651001001671932679656848719539235680287504-1460901-387551150788746961146986820603490590541000010000208163006169658167505531601395011664980635554Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-20% straight line (Previously 5% straight line)
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
Land & BuildingsStraight Line0.0500Fixtures & FittingsReducing Balance0.2500Computer EquipmentReducing Balance0.250011286011286081259733597900226193910800571181882596959444503152456237479911929171181882678218517862160356Ordinary1001100100Ordinary1100100100The company operates from a property owned by the director, for which the company paid a rent in the current period of £40000 (2015: £40000).2016-09-30Mrs S J Mumfordtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureApplegarth Hotel Limited2015-05-012016-04-30Applegarth Hotel Limited2014-05-012015-04-30Applegarth Hotel Limited2014-04-30Applegarth Hotel Limited2015-04-30Applegarth Hotel Limited2015-04-30Applegarth Hotel Limited2016-04-30 2017-01-04
