Quinns Hotel Limited - Accounts to registrar (filleted) - small 17.3
Quinns Hotel Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2017 |
| for |
| Quinns Hotel Limited |
| Quinns Hotel Limited (Registered number: 02119285) |
| 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 |
| Quinns Hotel Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Quinns Hotel Limited (Registered number: 02119285) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 director on |
| Quinns Hotel Limited (Registered number: 02119285) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Quinns Hotel Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease |
| term is less than 20 years. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible |
| assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial |
| statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the |
| annual valuation and the amount of this which might otherwise have been charged cannot be separately identified |
| or qualified. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Quinns Hotel Limited (Registered number: 02119285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| The investment properties were valued at their open market value at 31 March 2013 by the director, B S Dhillon. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.17 | 31.3.16 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2016 | 1,243,808 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2017 | 1,275,478 |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| Directors Current account debit balance at the year end was £205,133 (2016: £184,960). |
| Quinns Hotel Limited (Registered number: 02119285) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 11. | RELATED PARTY DISCLOSURES |
| Shandon House Hotel is a sole trader business owned by S S Dhillon, a son of the director. |
| At the balance sheet date the company was owed £27,455 (2016: £27,455) by Shandon House Hotel which is |
| included within other debtors. |
| Balkar Dhillon T/A Quinns Hotel is a sole trader business owned by the director. At the balance sheet date the |
| company was owed £297,973 (2016: £319,908) by Balkar Dhillon T/A quinns Hotel. This balance is included in |
| other debtors. |
| Other creditors balance of £165,600 (2016: £168,347) relates to St Pauls Worldwide Investments LP, Where |
| sons of director have controlling interest. |
| A management fees of £44,256 (2016 :£46,024) was charged to St Pauls Worldwide Investments LP. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by Mr B S Dhillon, by virtue of his shareholdings and directorship. |