The Hotel Investment Company Ltd Accounts

THE HOTEL INVESTMENT COMPANY LTD. - Company Information






The Hotel Investment Company Ltd
	Company No. 06946207
		Abbreviated Accounts
		30 June 2016

at	30 June 2016

Company No.		06946207	Notes	2016	2015
				£	£
Fixed assets
	Intangible assets		2	-	1
	Tangible assets		2	80	128

				80	129
Current assets

	Debtors			6,600	-

	Cash at bank and in hand			1,446	5,903
				8,046	5,903
Creditors: Amounts falling due within one year				(7,979)	(7,726)
Net current assets/(liabilities)				67	(1,823)
Total assets less current liabilities				147	(1,694)




Net assets/(liabilities)				147	(1,694)

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			47	(1,794)

Shareholder's funds				147	(1,694)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
Approved by the board on 20 March 2017

And signed on its behalf by:

D. Burgess
Director
20 March 2017

for the year ended 30 June 2016

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) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Furniture, fittings and equipment

25% straight line

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.
years.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction.
Exchange differences are are taken into account in arriving at the operating profit.

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 July 2015	14,995	992	15,987




	At 30 June 2016	14,995	992	15,987
	Amortisation
	At 1 July 2015	14,994	864	15,858
	Charge for the year	1	48	49



	At 30 June 2016	14,995	912	15,907
	Net book values
	At 30 June 2016	-	80	80
	At 30 June 2015	1	128	129

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary shares	1.00	100	100	100




				100	100