Brunswick Merchant City Hotel Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC481771 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

BRUNSWICK MERCHANT CITY HOTEL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms E Kay

M M Johnson

S Flannery

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC481771 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Intangible assets

2

339,542

428,805

Tangible assets

3

11,499

12,497

351,041

441,302

CURRENT ASSETS

Stocks

13,739

15,628

Debtors

135,607

91,495

Cash at bank and in hand

47,134

25,344

196,480

132,467

CREDITORS

Amounts falling due within one year

4

710,267

654,294

NET CURRENT LIABILITIES

(513,787

)

(521,827

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(162,746

)

(80,525

)

CREDITORS

Amounts falling due after more than one
year

4

16,059

-

NET LIABILITIES

(178,805

)

(80,525

)

CAPITAL AND RESERVES

Called up share capital

5

1

Profit and loss account

(178,806

)

(80,526

)

SHAREHOLDERS' FUNDS

(178,805

)

(80,525

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 March 2017 and were signed on its behalf by:

M M Johnson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence for the foreseeable future.The company made a loss of £98,280 (2015 :

£80,526) during the period ended 31 July 2016 and at that date its total liabilities exceeded its total assets by

£178,805 (2015 : £80,525). The company is thus dependent on the continuing financial support of its bankers

and other lenders. The directors are confident of this continuing support and of the company's long term trading

prospects and on this basis consider it appropriate to prepare the financial statements on the going concern

basis.The financial statements do not include any adjustments that would result from withdrawal of financial

support.

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 2014, 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.

Fixtures and fittings

-

20% on a reducing balance basis

Computer equipment

-

33.33% on a straight line basis

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 August 2015

536,006

Additions

23,917

At 31 July 2016

559,923

AMORTISATION

At 1 August 2015

107,201

Amortisation for year

113,180

At 31 July 2016

220,381

NET BOOK VALUE

At 31 July 2016

339,542

At 31 July 2015

428,805

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

15,621

Additions

2,251

At 31 July 2016

17,872

DEPRECIATION

At 1 August 2015

3,124

Charge for year

3,249

At 31 July 2016

6,373

NET BOOK VALUE

At 31 July 2016

11,499

At 31 July 2015

12,497

4.

CREDITORS

Creditors include an amount of £ 412,041 (2015 - £ 383,000 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1