Lynridge Hotel Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09287672 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

LYNRIDGE HOTEL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S S Takhar

Mrs I K Takhar

P S Takhar

SECRETARY:

Mrs I K Takhar

REGISTERED OFFICE:

114-116 Goodmayes Road

Ilford

Essex

IG3 9UZ

REGISTERED NUMBER:

09287672 (England and Wales)

AUDITORS:

Ashfords Partnership LLP

114 - 116 Goodmayes Road

Ilford

Essex

IG3 9UZ

FIXED ASSETS

Tangible assets

4

627,364

640,713

CURRENT ASSETS

Debtors

5

178,789

159,657

Cash at bank and in hand

29,340

8,494

208,129

168,151

CREDITORS

Amounts falling due within one year

6

47,593

41,182

NET CURRENT ASSETS

160,536

126,969

TOTAL ASSETS LESS CURRENT LIABILITIES

787,900

767,682

CREDITORS

Amounts falling due after more than one year

7

686,672

731,672

NET ASSETS

101,228

36,010

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

101,128

35,910

SHAREHOLDERS' FUNDS

101,228

36,010

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

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 22 November 2017 and were signed on its behalf by:

P S Takhar - Director

1.	STATUTORY INFORMATION

Lynridge Hotel Ltd is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

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 5 .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2016

and 30 June 2017

667,409

DEPRECIATION

At 1 July 2016

26,696

Charge for year

13,349

At 30 June 2017

40,045

NET BOOK VALUE

At 30 June 2017

627,364

At 30 June 2016

640,713

5.

DEBTORS

30.6.17

30.6.16

£

£

Amounts falling due within one year:

Trade debtors

35,586

66,480

Other debtors

3,103

3,077

38,689

69,557

Amounts falling due after more than one year:

Amounts owed by group undertakings

120,100

80,100

Amounts owed by associates

20,000

10,000

140,100

90,100

Aggregate amounts

178,789

159,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

420

1,181

Taxation and social security

28,964

30,006

Other creditors

18,209

9,995

47,593

41,182

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Amounts owed to group undertakings

686,672

731,672

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashok M Shah (Senior Statutory Auditor)

for and on behalf of Ashfords Partnership LLP

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by the directors, Mr S S Takhar, Mrs I K

Takhar and Mr P S Takhar by virtue of their ownership of the entire issued share capital of SIP Group Limited, the

parent company.

10.	GOING CONCERN

The accounts have been prepared on a going concern basis on the assumption that the company will continue to

receive adequate financial assistance from the Directors.