Hart Inn Leisure Ltd - Limited company accounts 18.1d

REGISTERED NUMBER: 08010486 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Hart Inn Leisure Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

I Homer

REGISTERED OFFICE:

31b Enterprise Way

Thornton Road Ind Est

Pickering

North Yorkshire

YO18 7NA

REGISTERED NUMBER:

08010486 (England and Wales)

ACCOUNTANTS:

The Jones Partnership (North Yorkshire) Ltd

31b Enterprise Way

Thornton Road Ind Est

Pickering

North Yorkshire

YO18 7NA

The director presents his report with the financial statements of the company for the year ended 31 March 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of pub.

DIRECTOR

I Homer held office during the whole of the period from 1 April 2017 to the date of this report.

DONATIONS

All donations made during the year are to charitable organisations.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

I Homer - Director

18 June 2018

TURNOVER

620,867

635,603

Cost of sales

288,898

285,405

GROSS PROFIT

331,969

350,198

Administrative expenses

288,666

266,573

OPERATING PROFIT

4

43,303

83,625

Interest payable and similar expenses

-

446

PROFIT BEFORE TAXATION

43,303

83,179

Tax on profit

7,944

15,932

PROFIT FOR THE FINANCIAL
YEAR

35,359

67,247

FIXED ASSETS

Tangible assets

5

5,767

5,341

CURRENT ASSETS

Stocks

5,000

Cash at bank

49,647

59,183

54,647

64,183

CREDITORS

Amounts falling due within one year

6

35,313

48,695

NET CURRENT ASSETS

19,334

15,488

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,101

20,829

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

25,100

20,828

25,101

20,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 June 2018 and were signed by:

I Homer - Director

1.	STATUTORY INFORMATION

Hart Inn Leisure 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.

Plant and machinery etc

-

25% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2017 - 17 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.18

31.3.17

£

Depreciation - owned assets

2,623

1,620

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

32,919

Additions

3,049

At 31 March 2018

35,968

DEPRECIATION

At 1 April 2017

27,578

Charge for year

2,623

At 31 March 2018

30,201

NET BOOK VALUE

At 31 March 2018

5,767

At 31 March 2017

5,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR

31.3.18

31.3.17

£

Trade creditors

15,840

18,952

Taxation and social security

19,413

28,321

Other creditors

60

1,422

35,313

48,695