Scottish Independent Hostels - Abbreviated accounts 16.3

REGISTERED NUMBER: SC271335 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

SCOTTISH INDEPENDENT HOSTELS

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss C J Christie

C J Davidson

Ms D E Mechan

Y O Sypniewski

P S Valleley

G Mcconnachie

REGISTERED OFFICE:

c/o R A Clement Associates

3 Cameron Square

Fort William

Inverness-shire

PH33 6AJ

REGISTERED NUMBER:

SC271335 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

Oban

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

2

5,320

-

CURRENT ASSETS

Cash at bank

10,577

21,941

CREDITORS

Amounts falling due within one year

11,565

18,317

NET CURRENT (LIABILITIES)/ASSETS

(988

)

3,624

TOTAL ASSETS LESS CURRENT LIABILITIES

4,332

3,624

RESERVES

Income and expenditure account

4,332

3,624

4,332

3,624

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 surplus or deficit 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 3 May 2017 and were signed on its behalf by:

Ms D E Mechan - Director

1.	ACCOUNTING POLICIES

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 is derived from member hostels.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,980

At 31 October 2016

7,980

AMORTISATION

Amortisation for year

2,660

At 31 October 2016

2,660

NET BOOK VALUE

At 31 October 2016

5,320

3.	LIMITED BY GUARANTEE

The Company is a Company limited by guarantee without a share capital. Under the terms of the Memorandum

of Association every member agrees, in the event of a winding up, to contribute to the assets of the company an

amount no greater than £1. There were 122 members at 31 October 2016 (125 at 31 October 2015).