VIRGO HOTELS LIMITED Accounts filed on 31-03-2014

VIRGO HOTELS LIMITED Accounts filed on 31-03-2014

IVY CORPORATE FINANCE LIMITED - Company Information

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VIRGO HOTELS LIMITED




Company Registration Number:
07262549 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

VIRGO HOTELS LIMITED

Company Information
for the Period Ended 31st March 2014




Director: Michael Pay
Kim Cronin
Registered office: 48 Rochester Gardens
Hove
East Sussex
BN3 3AW
Company Registration Number: 07262549 (England and Wales)

VIRGO HOTELS LIMITED

Abbreviated Balance sheet
As at 31st March 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 5 15,000 20,000
Total fixed assets: 15,000 20,000
Current assets
Debtors: 6 9,129 8,900
Cash at bank and in hand: 1,293 2,242
Total current assets: 10,422 11,142
Creditors
Creditors: amounts falling due within one year 7 17,432 23,192
Net current assets (liabilities): ( 7,010 ) ( 12,050 )
Total assets less current liabilities: 7,990 7,950
Creditors: amounts falling due after more than one year: 0 0
Total net assets (liabilities): 7,990 7,950

The notes form part of these financial statements

VIRGO HOTELS LIMITED

Abbreviated Balance sheet
As at 31st March 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 8 1,000 1,000
Profit and Loss account: 6,990 6,950
Total shareholders funds: 7,990 7,950

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 31 December 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Michael Pay
Status: Director

The notes form part of these financial statements

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective 2008).

    Turnover policy

    Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Computer software – 25% on cost.

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 5. Tangible assets

    Total
    Cost £
    At 01st April 2013: 20,000
    At 31st March 2014: 20,000
    Depreciation
    At 01st April 2013: 0
    Charge for year: 5,000
    At 31st March 2014: 5,000
    Net book value
    At 31st March 2014: 15,000
    At 31st March 2013: 20,000

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 6. Debtors

    2014
    £     		2013
    £
    Trade debtors: 7,629 4,865
    Other debtors: 1,500 4,035
    Total: 9,129 8,900

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 7. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Trade creditors: 896 526
    Taxation and social security: 12,775 2,666
    Other creditors: 3,761 20,000
    Total: 17,432 23,192

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 8. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,000 1.00
    1.00
    		1,000
    Total share capital: 1,000

VIRGO HOTELS LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 10. Related party disclosures

    Name of the ultimate controlling party during the period: Michael Pay
    Name of related party: Michael Pay
    Relationship: Director and shareholders
    Description of the transaction: During the year Michael Pay received dividends totaling £42,076 from the company.
    Balance at 01st April 2013 0
    Balance at 31st March 2014 0