Applegarth Hotel Limited Filleted accounts for Companies House (small and micro)
Applegarth Hotel Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04408931
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Financial Statements |
Year ended 30 April 2018
Contents |
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Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
12 December 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
04408931
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Notes to the Financial Statements |
Year ended 30 April 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Applegarth Villa, College Road, Windermere, Cumbria, LA23 1BU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property Improvements |
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Fixtures & Fittings |
- |
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Computer Equipment |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
34
(2017:
34
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 May 2017 and 30 April 2018 |
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Amortisation |
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At 1 May 2017 |
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Charge for the year |
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At 30 April 2018 |
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Carrying amount |
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At 30 April 2018 |
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At 30 April 2017 |
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6.
Tangible assets
Freehold property |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2017 |
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Additions |
– |
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– |
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At 30 April 2018 |
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Depreciation |
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At 1 May 2017 |
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Charge for the year |
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At 30 April 2018 |
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Carrying amount |
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At 30 April 2018 |
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At 30 April 2017 |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2018 |
2017 |
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£ |
£ |
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Bank loans and overdrafts |
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Included within creditors: amounts falling due after more than one year is an amount of £691,459 (2017: £727,358) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The company has one bank loan that is a commercial repayment loan at market rate. The repayments are monthly and interest is charged monthly by the lenders.
10.
Director's advances, credits and guarantees
The directors were not advanced any amounts during the period.
11.
Related party transactions