The Lynden Court Hotel Limited - Accounts to registrar (filleted) - small 17.3
The Lynden Court Hotel Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| THE LYNDEN COURT HOTEL LIMITED |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| THE LYNDEN COURT HOTEL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Solar House |
| 282 Chase Road |
| London |
| N14 6NZ |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| 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. |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| BALANCE SHEET - continued |
| 31 MARCH 2017 |
| 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 by: |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| The Lynden Court Hotel Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced accommodation services. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Tangible fixed assets |
| The company's properties are held for long-term investment and are included in the Balance Sheet at their open |
| market values. The surplus or deficit on revaluation of such properties are transferred to the investment property |
| revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy |
| represents a departure from statutory accounting principles, which require depreciation to be provided on all |
| fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and |
| fair view because current values and changes in current values are prime importance rather than the calculation |
| of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the |
| amount which might otherwise have been shown cannot separately identified or quantified. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and |
| property | property | fittings |
| £ | £ | £ |
| 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 |
| Motor | Computer |
| vehicles | equipment | 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 |
| Cost or valuation at 31 March 2017 is represented by: |
| Improvements | Fixtures |
| Freehold | to | and |
| property | property | fittings |
| £ | £ | £ |
| Valuation in 2008 | 40,392 | - | - |
| Cost | 754,348 | 5,000 | 147,620 |
| 794,740 | 5,000 | 147,620 |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Valuation in 2008 | - | - | 40,392 |
| Cost | 1,500 | 2,514 | 910,982 |
| 1,500 | 2,514 | 951,374 |
| 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 | 754,348 | 754,348 |
| Aggregate depreciation | 75,435 | 75,435 |
| The freehold property was valued on an open market basis on 31 March 2016 by the directors . |
| 5. | STOCKS |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Amount due from related party |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Pension contributions | 61 | - |
| VAT |
| Other creditors |
| Amount due to related company |
| Accrued expenses |
| THE LYNDEN COURT HOTEL LIMITED (REGISTERED NUMBER: 05889765) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Directors loan account |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 27,477 | 92,615 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Bank loans |
| The loan is secured by a debenture and a legal charge on the company's property. |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2016 |
| and 31 March 2017 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is the directors. |
| 12. | FIRST YEAR ADOPTION |
| In the transition to FRS 102 from the old UK GAAP, there were no material measurement and recognition |
| adjustments required. |