Orsett Hall Banqueting & Conference - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06578610 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

ORSETT HALL BANQUETING & CONFERENCE

CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A P Barnard

Ms V J Barton-Wright

SECRETARY:

Mr A P Barnard

REGISTERED OFFICE:

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

BUSINESS ADDRESS:

Orsett Hall

Prince Charles Avenue

Orsett

Essex

RM16 3HS

REGISTERED NUMBER:

06578610 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

2

131,131

149,225

CURRENT ASSETS

Stocks

51,108

39,548

Debtors

328,519

339,462

Cash at bank and in hand

388,014

254,710

767,641

633,720

CREDITORS

Amounts falling due within one year

916,548

789,435

NET CURRENT LIABILITIES

(148,907

)

(155,715

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,776

)

(6,490

)

CAPITAL AND RESERVES

Called up share capital

3

10,000

10,000

Profit and loss account

(27,776

)

(16,490

)

SHAREHOLDERS' FUNDS

(17,776

)

(6,490

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 December 2014 and were signed on its behalf by:

Mr A P Barnard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the total amounts receivable by the company in respect of sales of goods and services,

excluding value added tax, except in respect of service contracts where turnover is recognised when the

company obtains the right to consideration.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

398,454

Additions

77,615

At 31 March 2014

476,069

DEPRECIATION

At 1 April 2013

249,229

Charge for year

95,709

At 31 March 2014

344,938

NET BOOK VALUE

At 31 March 2014

131,131

At 31 March 2013

149,225

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000

4.	ULTIMATE PARENT COMPANY

DASSAS Investments Limited (incorporated in Guernsey ) is regarded by the directors as being the company's

ultimate parent company.

5.	DEFICIENCY OF ASSETS

At the balance sheet date the company had a deficiency of net assets of £17,776 (2013 - £6,490). The company

will continue to be supported by it's shareholders and the financial statements have therefore been prepared on

a going concern basis.