Abbreviated Company Accounts - MAIDSTONE ROAD GUEST HOUSE LIMITED

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05371416 MAIDSTONE ROAD GUEST HOUSE LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 05371416 2015-09-01 2016-08-31 05371416 2016-08-31 05371416 2015-08-31 05371416 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 05371416 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 05371416

MAIDSTONE ROAD GUEST HOUSE LIMITED

Abbreviated Accounts

31 August 2016

MAIDSTONE ROAD GUEST HOUSE LIMITED Registered Number 05371416

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	506,238	506,238
		506,238	506,238
Current assets
Debtors		8,091	9,000
Cash at bank and in hand		56,366	21,773
		64,457	30,773
Creditors: amounts falling due within one year	3	(405,784)	(24,477)
Net current assets (liabilities)		(341,327)	6,296
Total assets less current liabilities		164,911	512,534
Creditors: amounts falling due after more than one year	3	(89,886)	(477,386)
Total net assets (liabilities)		75,025	35,148
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		74,925	35,048
Shareholders' funds		75,025	35,148

For the year ending 31 August 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 26 May 2017

And signed on their behalf by:
H Singh, Director

MAIDSTONE ROAD GUEST HOUSE LIMITED Registered Number 05371416

Notes to the Abbreviated Accounts for the period ended 31 August 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected life, as follows:

Land and buildings - Nil

Other accounting policies
Deferred taxation Policy
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate. The directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have a reasonable expectation that the company has adequate funds to continue in operational existence for a period of twelve months from the date of signing of the financial statements. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Transactions with director
Included in creditors is the amount of £16,197 (2015 - £15,117) due to the directors, H Singh and J Singh.

2Tangible fixed assets

	£
Cost
At 1 September 2015	506,238
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	506,238
Depreciation
At 1 September 2015	-
Charge for the year	-
On disposals	-
At 31 August 2016	-
Net book values
At 31 August 2016	506,238
At 31 August 2015	506,238

3Creditors

	2016 £	2015 £
Secured Debts	377,500	377,500

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100