Quinns Hotel Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02119285 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Quinns Hotel Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Dhillon

SECRETARY:

S S Dhillon

REGISTERED OFFICE:

Audit House

260 Field End Road

Eastcote

Middlesex

HA4 9LT

REGISTERED NUMBER:

02119285 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,155

1,155

Investment property

3

710,000

710,000

711,155

711,155

CURRENT ASSETS

Debtors

573,641

505,951

Cash at bank

146,786

175,710

720,427

681,661

CREDITORS

Amounts falling due within one year

187,675

197,941

NET CURRENT ASSETS

532,752

483,720

TOTAL ASSETS LESS CURRENT LIABILITIES

1,243,907

1,194,875

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

651,000

651,000

Profit and loss account

592,807

543,775

SHAREHOLDERS' FUNDS

1,243,907

1,194,875

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 23 December 2016 and were signed by:

B Dhillon - 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).

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market

value is transferred to a revaluation reserve.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In

the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair

view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this

which might otherwise have been charged cannot be separately identified or qualified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,155

NET BOOK VALUE

At 31 March 2016

1,155

At 31 March 2015

1,155

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

710,000

NET BOOK VALUE

At 31 March 2016

710,000

At 31 March 2015

710,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors Current account debit balance at the year end was £184,960 (2015: £202,957).