PRIORY_HOTELS_HOLDING_LIM - Accounts

PRIORY HOTELS HOLDING LIMITED - Company Information

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Company Registration No. SC363380 (Scotland)

PRIORY HOTELS HOLDING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

PRIORY HOTELS HOLDING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

PRIORY HOTELS HOLDING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

47,800

Current assets

Net current assets

Total assets less current liabilities

47,800

Capital and reserves

Called up share capital

47,800

Shareholders' funds

47,800

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 June 2017

S Hutton

Director

Company Registration No. SC363380

PRIORY HOTELS HOLDING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.3

Merger relief

Investments in subsidiaries that are acquired as part of a restructuring arrangement meeting the merger relief criteria of section 612 of Companies Act 2006, are recorded in accordance with the nominal value of shares issued as part of the acquisition arrangement. The shares issued are recorded at a corresponding equivalent nominal value with no premium recognised for the difference between fair value and nominal value.

Fixed assets

Investments

Cost

At 1 November 2015 & at 31 October 2016

47,800

At 31 October 2015

47,800

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Priory Hotels Limited

Scotland

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Priory Hotels Limited

Operations of hotel and restaurant facilities

1,759,514

229,354

Share capital

2016

2015

Allotted, called up and fully paid

47,800 Ordinary shares of £1 each

47,800