Quinn Hospitality Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08526392 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 13 MAY 2013 TO 31 MARCH 2014

FOR

QUINN HOSPITALITY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Quinn

SECRETARY:

REGISTERED OFFICE:

Portland House

Bainton Road

Tallington

Lincolnshire

PE9 4RT

REGISTERED NUMBER:

08526392 (England and Wales)

ACCOUNTANTS:

Burgin & Co

Chartered Accountants

Artichoke House

11 Swinegate

Grantham

Lincolnshire

NG31 6RJ

FIXED ASSETS

Tangible assets

2

49,543

CURRENT ASSETS

Debtors

18,091

Cash at bank

11,664

29,755

CREDITORS

Amounts falling due within one year

14,335

NET CURRENT ASSETS

15,420

TOTAL ASSETS LESS CURRENT LIABILITIES

64,963

CREDITORS

Amounts falling due after more than one year

3

(86,745

)

PROVISIONS FOR LIABILITIES

(9,909

)

NET LIABILITIES

(31,691

)

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

(31,701

)

SHAREHOLDERS' FUNDS

(31,691

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 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 director on 23 December 2014 and were signed by:

A Quinn - 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).

Tangible fixed assets

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

Fixtures and fittings

-

at varying rates on cost

Computer equipment

-

at varying rates on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

63,360

At 31 March 2014

63,360

DEPRECIATION

Charge for period

13,817

At 31 March 2014

13,817

NET BOOK VALUE

At 31 March 2014

49,543

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable by instalments

15,695

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

1

10

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2014:

£

A Quinn

Balance outstanding at start of period

-

Amounts advanced

5

Amounts repaid

-

Balance outstanding at end of period

5

6.	GOING CONCERN

The financial statements have been prepared on a going concern basis. The director is confident that

adequate funds are available to finance the company during it's initial start up phase..