DB_Hospitality_Limited - Accounts

DB_Hospitality_Limited - Accounts

DB HOSPITALITY LIMITED - Company Information

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DB Hospitality Limited
Unaudited Abbreviated Accounts
For the year ended 31 October 2016
Company Registration No. 07479842 (England and Wales)
DB Hospitality Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
DB Hospitality Limited
Abbreviated Balance Sheet
As at 31 October 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
236
Investments
2
602
602
602
838
Current assets
Debtors
385,871
182,769
Cash at bank and in hand
5,785
897
391,656
183,666
Creditors: amounts falling due within one year
(491,346)
(285,811)
Net current liabilities
(99,690)
(102,145)
Total assets less current liabilities
(99,088)
(101,307)
Provisions for liabilities
-
(47)
(99,088)
(101,354)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(99,188)
(101,454)
Shareholders'  funds
(99,088)
(101,354)
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.
The members have not required the company to obtain an audit.
The director acknowledges his 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 30 July 2017
L. Del Bono
Director
Company Registration No. 07479842
DB Hospitality Limited
Notes to the Abbreviated Accounts
For the year ended 31 October 2016
Page 2
1
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).

Going concern

During the year the company made a profit of £2,266 (2015: £91,773 loss) and at the balance sheet date the company had net liabilities of £99,088 (2015: £101,354). Included within creditors due within one year is an amount of £331,551 due to entities controlled by the director. The director has confirmed to the company that the entities will not seek repayment of these amounts until the company is in a financial position to do so as well as confirming that he will continue to financially support the company for the foreseeable future. The director therefore considers it appropriate to prepare the financial statements on a going concern basis.

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33% straight line
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
DB Hospitality Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 October 2016
Page 3
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 November 2015 & at 31 October 2016
3,308
602
3,910
Depreciation
At 1 November 2015
3,072
-
3,072
Charge for the year
236
-
236
At 31 October 2016
3,308
-
3,308
Net book value
At 31 October 2016
-
602
602
At 31 October 2015
236
602
838
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
%
Participating interests
Mari Vanna Limited
England and Wales
Ordinary
21.00
Ginza Project Limited
England and Wales
Ordinary
35.00
MV Project London Limited
England and Wales
Ordinary
21.00
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
2016
Principal activity
£
£
Mari Vanna Limited
Operating a restaurant.
(201,769)
320,476
Ginza Project Limited
Consultancy and project development.
(96,723)
(1,263)
MV Project London Limited
Property leaseholder and management.
(1,072,249)
(188,597)

The results for Mari Vanna Limited cover the year to 27 March 2016.

The results for Ginza Project Limited cover the year to 30 September 2016.

The results for MV Project London Limited cover the period to 31 March 2016.

DB Hospitality Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 October 2016
Page 4
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Control

The ultimate controlling party is L. Del Bono.

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