Queens Hotel Limited - Limited company - abbreviated - 11.6
Queens Hotel Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
FOR |
QUEENS HOTEL LIMITED |
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
QUEENS HOTEL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
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. |
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440) |
ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2014 |
The financial statements were approved by the Board of Directors on its behalf by: |
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective April 2008). |
Turnover |
Turnover represents sales (excluding VAT and similar taxes) of goods and services, net of discounts |
provided in the normal course of business and recognised when services have been rendered. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
In accordance with FRSSE (effective April 2008), freehold properties are re-valued annually and the |
aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect |
of freehold properties. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts |
with the principles set out in the FRSSE (effective April 2008). The directors consider that, in order to |
give a true and fair view of the value of the properties it is necessary to adopt FRSSE (effective April |
2008), as appose to depreciating as per the Companies Act 2006. If this departure from the act had |
not been made, the profit for the financial year would have been reduced by the amount of |
depreciation. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 |
AMORTISATION |
At 1 April 2013 |
and 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
QUEENS HOTEL LIMITED (REGISTERED NUMBER: 02803440) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2013 |
and 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Charge for year |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |