Brayford Hotel Lincoln Limited - Accounts to registrar (filleted) - small 18.2
Brayford Hotel Lincoln Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| BRAYFORD HOTEL LINCOLN LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| BRAYFORD HOTEL LINCOLN LIMITED (REGISTERED NUMBER: 07217450) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 | to | 4 |
| BRAYFORD HOTEL LINCOLN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| 27-29 Lumley Avenue |
| Skegness |
| Lincolnshire |
| PE25 2AT |
| BANKERS: |
| 225 High Street |
| Lincoln |
| Lincolnshire |
| LN2 1AZ |
| BRAYFORD HOTEL LINCOLN LIMITED (REGISTERED NUMBER: 07217450) |
| STATEMENT OF FINANCIAL POSITION |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BRAYFORD HOTEL LINCOLN LIMITED (REGISTERED NUMBER: 07217450) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Brayford Hotel Lincoln Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts charged to customers for goods and services provided during the year, excluding value added |
| tax. Revenue is recognised in the period in which services are performed. |
| Stocks |
| Stocks have been valued at the lower of costs and estimated selling prices less costs to sell. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
| financial position 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 the income statement on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are |
| recognised in the income statement when due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| BRAYFORD HOTEL LINCOLN LIMITED (REGISTERED NUMBER: 07217450) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 4. | DEBTORS - continued |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Amounts owed to group undertakings |
| 7. | LEASING AGREEMENTS |
| Total financial commitments, guarantees and contingencies which are not included in the statement of financial position at |
| the year end amount to £15,300,765 (2016:£16,202,662). |
| 8. | SECURED DEBTS |
| The debt included in the holding company Brayford Hotel Holdings Limited is secured upon the hotel property held by |
| Brayford Hotels Limited, unlimited inter company guarantees between the company and its subsidiaries, and also by way of |
| personal guarantees to the value of £500,000 given by the directors L M Hall and D A Wann. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |