Heathrow Hostel Ltd - Period Ending 2017-10-31
Heathrow Hostel Ltd - Period Ending 2017-10-31
Registration number:
Heathrow Hostel Ltd
for the Period from 19 October 2016 to 31 October 2017
Heathrow Hostel Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Heathrow Hostel Ltd
Company Information
Directors |
M Joseph G Josife |
Registered office |
|
Accountants |
|
Page 1 |
Heathrow Hostel Ltd
(Registration number: 10435128)
Balance Sheet as at 31 October 2017
Note |
2017 |
|
Current assets |
||
Debtors |
|
|
Creditors: Amounts falling due within one year |
( |
|
Net assets |
|
|
Capital and reserves |
||
Called up share capital |
|
|
Profit and loss account |
|
|
Total equity |
|
For the financial period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Heathrow Hostel Ltd
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
Nil |
Page 3 |
Heathrow Hostel Ltd
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
Trade debtors
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Trade creditors
Creditors with no stated interest rate and payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Tangible assets |
Land and buildings |
Total |
|
Cost or valuation |
||
Additions |
|
|
Disposals |
( |
( |
At 31 October 2017 |
- |
- |
Depreciation |
||
Carrying amount |
||
At 31 October 2017 |
- |
- |
Included within the net book value of land and buildings above is £Nil in respect of freehold land and buildings.
Debtors |
Note |
2017 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
|
|
Page 4 |
Heathrow Hostel Ltd
Notes to the Financial Statements for the Period from 19 October 2016 to 31 October 2017
Creditors |
Creditors: amounts falling due within one year
2017 |
|
Due within one year |
|
Accruals and deferred income |
|
Share capital |
Allotted, called up and fully paid shares
2017 |
||
No. |
£ |
|
|
|
100 |
Page 5 |