Abbreviated Company Accounts - MATTHEW HOTELS LIMITED

Abbreviated Company Accounts - MATTHEW HOTELS LIMITED


Registered Number NI032669

MATTHEW HOTELS LIMITED

Abbreviated Accounts

31 July 2016

MATTHEW HOTELS LIMITED Registered Number NI032669

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Investments 2 435,997 435,997
435,997 435,997
Current assets
Debtors 3,000 8,333
Cash at bank and in hand 71,312 47,283
74,312 55,616
Creditors: amounts falling due within one year (8,973) (5,119)
Net current assets (liabilities) 65,339 50,497
Total assets less current liabilities 501,336 486,494
Total net assets (liabilities) 501,336 486,494
Capital and reserves
Called up share capital 3 1,000 1,000
Share premium account 455,744 455,744
Profit and loss account 44,592 29,750
Shareholders' funds 501,336 486,494
  • For the year ending 31 July 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 March 2017

And signed on their behalf by:
Mr W J McCartney, Director

MATTHEW HOTELS LIMITED Registered Number NI032669

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Other accounting policies
Management fees
Management Fees represent amounts receivable for the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Fixed assets Investments
COST
At 1st August 2015 and 31 July 2016 435,997

NET BOOK VALUE
At 31 July 2016 435,997
At 31 July 2015 435,997

3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,000 Ordinary shares of £1 each 1,000 1,000