Epic Hostels Limited - Abbreviated accounts

Registered number

09551623

Epic Hostels Limited

Unaudited Abbreviated Accounts

30 April 2016

Epic Hostels Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Epic Hostels Limited for the period ended 30 April 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Epic Hostels Limited for the period ended 30 April 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.

Master Finance Limited
Chartered Accountants
LGF, 27 Gloucester Place
London
W1U 8HU

12 January 2017

Epic Hostels Limited
Registered number:		09551623
Abbreviated Balance Sheet
as at 30 April 2016

Notes			2016
£
Current assets
Debtors		9,546
Cash at bank and in hand		14,990
		24,536


Net current assets			24,536

Total assets less current liabilities			24,536

Creditors: amounts falling due after more than one year			(25,258)



Net liabilities			(722)

Capital and reserves
Called up share capital	3		830
Profit and loss account			(1,552)

Shareholders' funds			(722)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Douglas Bell
Director
Approved by the board on 12 January 2017

Epic Hostels Limited
Notes to the Abbreviated Accounts
for the period ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2	Going Concern

	The accounts have been prepared on a going concern basis as the company has raised equity funding after the year end and the company will have sufficient funds to facilitate continuation of its operation for the foreseeable future.




3	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		830

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		830