Gill (St Ives) Holiday Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01312343 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

GILL (ST IVES) HOLIDAY ENTERPRISES

LIMITED

Page

Balance Sheet

1

FIXED ASSETS

211,382

209,881

CURRENT ASSETS

438,225

468,920

CREDITORS

Amounts falling due within one year

(42,433

)

(40,294

)

NET CURRENT ASSETS

395,792

428,626

TOTAL ASSETS LESS CURRENT LIABILITIES

607,174

638,507

CAPITAL AND RESERVES

607,174

638,507

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Gill (St Ives) Holiday Enterprises Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address are as below:

Registered number:

01312343

Registered office:

Beach House Restaurant

The Wharf

St Ives

Cornwall

TR26 1LG

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2017 - 4 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans to directors subsisted during the years ended 31 March 2018 and 31 March 2017:

31.3.18

31.3.17

£

£

Mr M H Gill

Balance outstanding at start of year

200,000

200,000

Amounts advanced

-

-

Amounts repaid

-

-

Balance outstanding at end of year

200,000

200,000

Mr M H Gill, Mr P J Gill and Ms M J Gill

Balance outstanding at start of year

100,000

100,000

Amounts advanced

-

-

Amounts repaid

-

-

Balance outstanding at end of year

100,000

100,000

Other businesses

Balance outstanding at start of year

16,924

10,938

Amounts advanced

9,339

16,924

Amounts repaid

(9,235

)

(10,938

)

Balance outstanding at end of year

17,028

16,924

Ms M J Gill is the daughter of Mr M H Gill and the sister of Mr P J Gill. Interest has been charged at the official

rate on the loans to Mr M H Gill and to Mr M H Gill, Mr P J Gill and Ms M J Gill, giving rise to a charge of

£7,500 (2017 : £9,000).

The other businesses to which loans have been made are owned either by Mr M H Gill, solely, Mr M H Gill and

Mr P J Gill in partnership or Mr M H Gill, Mr P J Gill and Ms M J Gill in partnership. The amounts advanced

and repaid are presented on an aggregated basis and no interest has been charged.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 December 2018 and were signed on its behalf by:

Mr M H Gill - Director