Abbreviated Company Accounts - ASHLEY LODGE RH LIMITED

Abbreviated Company Accounts - ASHLEY LODGE RH LIMITED

ASHLEY LODGE RH LIMITED - Company Information

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Registered Number 05163604

ASHLEY LODGE RH LIMITED

Abbreviated Accounts

31 October 2016

ASHLEY LODGE RH LIMITED Registered Number 05163604

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,396,019 1,428,055
1,396,019 1,428,055
Current assets
Stocks 780 780
Debtors 655,008 467,978
Cash at bank and in hand 5,989 -
661,777 468,758
Creditors: amounts falling due within one year 3 (250,916) (155,873)
Net current assets (liabilities) 410,861 312,885
Total assets less current liabilities 1,806,880 1,740,940
Creditors: amounts falling due after more than one year 3 (1,007,263) (1,029,062)
Total net assets (liabilities) 799,617 711,878
Capital and reserves
Called up share capital 2 2
Revaluation reserve 537,309 549,695
Profit and loss account 262,306 162,181
Shareholders' funds 799,617 711,878
  • For the year ending 31 October 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 1 July 2017

And signed on their behalf by:
Mr A Barwell, Director

ASHLEY LODGE RH LIMITED Registered Number 05163604

Notes to the Abbreviated Accounts for the period ended 31 October 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 April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of services supplied.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Property - 2% straight line
Fixtures & Fittings - 25% reducing balance
Other Fixed Assets - 2% straight line

2Tangible fixed assets
£
Cost
At 1 November 2015 1,798,813
Additions 6,771
Disposals -
Revaluations -
Transfers -
At 31 October 2016 1,805,584
Depreciation
At 1 November 2015 370,758
Charge for the year 38,807
On disposals -
At 31 October 2016 409,565
Net book values
At 31 October 2016 1,396,019
At 31 October 2015 1,428,055
3Creditors
2016
£		 2015
£
Secured Debts 1,007,263 1,029,062
Instalment debts due after 5 years 843,451 860,334