Fulwich Hotel Limited - Period Ending 2016-07-31

Registration number: 09701239

Fulwich Hotel Limited

Unaudited Abbreviated Accounts

for the Period from 24 July 2015 to 31 July 2016

 

Cannons
Chartered Certified Accountants
Unit F, Kingsmead
Park Farm Industrial Estate
Folkestone
Kent
CT19 5EU

Fulwich Hotel Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Fulwich Hotel Limited
(Registration number: 09701239)
Abbreviated Balance Sheet at 31 July 2016

		Note			31 July 2016 £
Fixed assets
Tangible fixed assets					2,902
Current assets
Stocks					2,146
Debtors					6,665
Cash at bank and in hand					648
					9,459
Creditors: Amounts falling due within one year					(19,072)
Net current liabilities					(9,613)
Net liabilities					(6,711)
Capital and reserves
Called up share capital		3			1
Profit and loss account					(6,712)
Shareholders' deficit					(6,711)

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 director acknowledges his 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 director on 13 April 2017

.........................................
Mr V Nanda
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Fulwich Hotel Limited
Notes to the Abbreviated Accounts for the Period from 24 July 2015 to 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% on reducing balance
Office equipment	25% on reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Fulwich Hotel Limited
Notes to the Abbreviated Accounts for the Period from 24 July 2015 to 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		3,666			3,666
At 31 July 2016		3,666			3,666
Depreciation
Charge for the period		764			764
At 31 July 2016		764			764
Net book value
At 31 July 2016		2,902			2,902

3	Share capital

Allotted, called up and fully paid shares

	31 July 2016
		No.			£
Ordinary shares of £1 each		1			1

New shares allotted

During the period 1 Ordinary shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

Page 3