Edenhall Edenvalley Hotel Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07634577 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

EDENHALL EDENVALLEY HOTEL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P L Williams

L W Williams

SECRETARY:

P L Williams

REGISTERED OFFICE:

14a Main Street

Cockermouth

Cumbria

CA13 9LQ

REGISTERED NUMBER:

07634577 (England and Wales)

ACCOUNTANTS:

Tattersall Bailey

Chartered Accountants

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

FIXED ASSETS

Intangible assets

2

63,000

84,000

Tangible assets

3

72,721

80,033

135,721

164,033

CURRENT ASSETS

Stocks

22,555

19,995

Debtors

-

1,349

Cash in hand

2,500

2,500

25,055

23,844

CREDITORS

Amounts falling due within one year

148,267

190,759

NET CURRENT LIABILITIES

(123,212

)

(166,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,509

(2,882

)

PROVISIONS FOR LIABILITIES

4,760

6,014

NET ASSETS/(LIABILITIES)

7,749

(8,896

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

7,649

(8,996

)

SHAREHOLDERS' FUNDS

7,749

(8,896

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 January 2017 and were signed on its behalf by:

P L Williams - 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, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

150,000

AMORTISATION

At 1 June 2015

66,000

Amortisation for year

21,000

At 31 May 2016

87,000

NET BOOK VALUE

At 31 May 2016

63,000

At 31 May 2015

84,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

128,660

Additions

1,138

At 31 May 2016

129,798

DEPRECIATION

At 1 June 2015

48,627

Charge for year

8,450

At 31 May 2016

57,077

NET BOOK VALUE

At 31 May 2016

72,721

At 31 May 2015

80,033

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

£

100

Ordinary

£1

100

100