Penrhyn Hostel Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08967263 (England and Wales)

PENRHYN HOSTEL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Certified Accountants' Report

2

Balance Sheet

3

DIRECTOR:

Mr D G Owen

REGISTERED OFFICE:

9 Chestnut Court

Parc Menai

Bangor

Gwynedd

LL57 4FH

REGISTERED NUMBER:

08967263 (England and Wales)

ACCOUNTANTS:

Hart Parry Cyf

Chartered Certified Accountants

9 Chestnut Court

Parc Menai

Bangor

Gwynedd

LL57 4FH

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Penrhyn Hostel Ltd for the year ended 31 March 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Penrhyn Hostel Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Penrhyn Hostel Ltd and state those matters that we have agreed to state to the director of Penrhyn Hostel Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Penrhyn Hostel Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Penrhyn Hostel Ltd. You consider that Penrhyn Hostel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Penrhyn Hostel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hart Parry Cyf

Chartered Certified Accountants

9 Chestnut Court

Parc Menai

Bangor

Gwynedd

LL57 4FH

31 January 2018

FIXED ASSETS

89,658

75,041

CURRENT ASSETS

27,354

21,218

CREDITORS

Amounts falling due within one year

(31,497

)

(40,557

)

NET CURRENT LIABILITIES

(4,143

)

(19,339

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,515

55,702

CAPITAL AND RESERVES

85,515

55,702

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

2017

2016

£

£

Mr D G Owen

Balance outstanding at start of year

(10,691

)

(8,464

)

Amounts advanced

20,306

66,640

Amounts repaid

(1,150

)

(68,867

)

Balance outstanding at end of year

8,465

(10,691

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 January 2018 and were signed by:

Mr D G Owen - Director