Edwards Hotels Limited - Accounts to registrar (filleted) - small 17.3
Edwards Hotels Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| EDWARDS HOTELS LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| EDWARDS HOTELS LIMITED (REGISTERED NUMBER: 08482947) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| EDWARDS HOTELS LIMITED |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Highdale House |
| 7 Centre Court |
| Treforest Industrial Estate |
| Pontypridd |
| Rhondda Cynon Taff |
| CF37 5YR |
| EDWARDS HOTELS LIMITED (REGISTERED NUMBER: 08482947) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 profit or loss 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| EDWARDS HOTELS LIMITED (REGISTERED NUMBER: 08482947) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Edwards Hotels Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has been financed by the related company Edwards Coaches Limited, which will continue to provide financial |
| support to the company as necessary. The Directors therefore consider it appropriate to prepare the accounts on the going |
| concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that |
| it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| EDWARDS HOTELS LIMITED (REGISTERED NUMBER: 08482947) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Included in cost or valuation of land and buildings is freehold land of £ 400,000 (2016 - £ 400,000 ) which is not |
| depreciated. |
| Cost or valuation at 31 March 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2014 | 631,091 | - | 631,091 |
| Cost | 1,141,878 | 145,767 | 1,287,645 |
| 1,772,969 | 145,767 | 1,918,736 |
| If the freehold property had not been revalued it would have been included at the following historical cost: |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Cost | 1,305,823 | 1,305,823 |
| Aggregate depreciation | 74,844 | 47,388 |
| Value of land in freehold land and buildings | 400,000 | 400,000 |
| The freehold property was valued on an open market basis on 31 March 2016 by the Directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| EDWARDS HOTELS LIMITED (REGISTERED NUMBER: 08482947) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2016 |
| and 31 March 2017 |
| 8. | RELATED PARTY DISCLOSURES |
| Edwards Coaches Limited is a company controlled by Mr MC Edwards and of which Mr MC Edwards and Mr JM Edwards |
| are directors. At the year end a loan, repayable on demand, of £921,307 (2016: £1,192,130) was due to Edwards Coaches |
| Limited. Interest of £31,165 was charged on the loan balance at a rate of 3%. |
| During the year the Company made sales of £565,959 (2016-£632,151)) to Edwards Coaches Limited and at the year end |
| date was owed a debtor balance of £6,856 (2016- £4,590). |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |