Abbreviated Company Accounts - STYLE LEISURE LIMITED

PEAK EDGE HOTEL LIMITED - Company Information

Registered Number 04016791

STYLE LEISURE LIMITED

Abbreviated Accounts

31 March 2014

STYLE LEISURE LIMITED Registered Number 04016791

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,162,404	2,202,774
		2,162,404	2,202,774
Current assets
Stocks		27,034	17,649
Debtors		60,175	52,877
Cash at bank and in hand		137,705	51,500
		224,914	122,026
Creditors: amounts falling due within one year	3	(447,879)	(362,565)
Net current assets (liabilities)		(222,965)	(240,539)
Total assets less current liabilities		1,939,439	1,962,235
Creditors: amounts falling due after more than one year	3	(1,451,072)	(1,519,937)
Provisions for liabilities		(10,800)	-
Accruals and deferred income		(410,209)	(425,717)
Total net assets (liabilities)		67,358	16,581
Capital and reserves
Called up share capital		2	2
Profit and loss account		67,356	16,579
Shareholders' funds		67,358	16,581

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 October 2014

And signed on their behalf by:
D M J Dugdale, Director

STYLE LEISURE LIMITED Registered Number 04016791

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amounts receivable for goods and services net of vat and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over is expected useful life as follows;

Freehold land and buildings 2% straight line
Plant and machinery 20% straight line
Computer equipment 20% straight line
Fixtures, fittings and equipment 10% straight line

Valuation information and policy
Stock; Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Government Grants; Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 April 2013	2,538,515
Additions	30,372
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	2,568,887
Depreciation
At 1 April 2013	335,741
Charge for the year	70,742
On disposals	-
At 31 March 2014	406,483
Net book values
At 31 March 2014	2,162,404
At 31 March 2013	2,202,774

3Creditors

	2014 £	2013 £
Secured Debts	1,226,713	1,300,765
Instalment debts due after 5 years	772,870	851,009