BELGRAVIA_MEWS_HOTEL_LIMI - Accounts

BELGRAVIA MEWS HOTEL LIMITED - Company Information

Print Friendly Version

Company Registration No. 05202031 (England and Wales)

BELGRAVIA MEWS HOTEL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

Taylor Associates

Chartered Accountants

BELGRAVIA MEWS HOTEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

BELGRAVIA MEWS HOTEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,748

Current assets

Stocks

6,864

5,614

Debtors

12,974,126

13,045,509

Cash at bank and in hand

19,390

6,484

13,000,380

13,057,607

Creditors: amounts falling due within one year

(7,880,944)

(7,432,391)

Net current assets

5,119,436

5,625,216

Total assets less current liabilities

5,122,184

5,625,216

5,122,184

5,625,216

Capital and reserves

Called up share capital

1,000

Profit and loss account

5,121,184

5,624,216

Shareholders' funds

5,122,184

5,625,216

BELGRAVIA MEWS HOTEL LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 February 2017

Mr P Fizia

Director

Company Registration No. 05202031

BELGRAVIA MEWS HOTEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% Straight line

Fixed assets

Tangible assets

Cost

At 1 August 2014

Additions

3,435

At 31 July 2015

3,435

Depreciation

At 1 August 2014

Charge for the year

687

At 31 July 2015

687

Net book value

At 31 July 2015

2,748

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

BELGRAVIA MEWS HOTEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Ultimate parent company

The ultimate parent company is Woodbridge Global Limited.

BELGRAVIA MEWS HOTEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 5 -

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with the ultimate controlling party during the year are outlined in the below table:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A Farhani

21,016

Other transactions

As at the balance sheet date the company was owed/(owed) the following sums from/to the companies below:

- Crosswell Management Limited £1,984,526 (2014: £1,984,526 )

- RW Warrington Crescent Limited £(1,608,405) (2014: £(624,362))

- Central London Hotel Operator Limited £2,955,809 (2014: £2,880,865 )

Crosswell Management Limited, RW Warrington Crescent Limited and Central London Hotel Operator Limited are connected to the company through a common ownership.

All balances owed to/from the company are on an interest free basis with no fixed date of repayment.

The intercompany accounts with the companies above are estimated based on information available from the accounting records and have not been agreed to the respective companies accounting records.