Park Hall Hotel (Wolverhampton) Ltd - Accounts to registrar (filleted) - small 18.1

Park Hall Hotel (Wolverhampton) Ltd - Accounts to registrar (filleted) - small 18.1

PARK HALL HOTEL (WOLVERHAMPTON) LTD - Company Information

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REGISTERED NUMBER: 09681087



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

PARK HALL HOTEL (WOLVERHAMPTON) LTD
PARK HALL HOTEL (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 09681087)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARK HALL HOTEL (WOLVERHAMPTON) LTD

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: Angela Bir





SECRETARY:





REGISTERED OFFICE: Park Drive
Goldthorne Park
Wolverhampton
West Midlands
WV4 5AJ





REGISTERED NUMBER: 09681087





AUDITORS: Brindleys Limited
Statutory Auditors
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD
Page 1
PARK HALL HOTEL (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 09681087)

BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7 7
Tangible assets 5 1,783,492 1,987,285
1,783,499 1,987,292

CURRENT ASSETS
Stocks 37,625 39,241
Debtors 6 59,271 42,233
Cash at bank and in hand 337,078 126,289
433,974 207,763
CREDITORS
Amounts falling due within one year 7 950,628 757,205
NET CURRENT LIABILITIES (516,654 ) (549,442 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,266,845
1,437,850

CREDITORS
Amounts falling due after more than one
year
8
1,009,233
1,394,233
NET ASSETS 257,612 43,617

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 257,512 43,517
SHAREHOLDERS' FUNDS 257,612 43,617

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2018 and were signed by:





Angela Bir - Director


The notes form part of these financial statements

Page 2
PARK HALL HOTEL (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 09681087)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Park Hall Hotel (Wolverhampton) Ltd is a private company, limited by shares , registered in Not
specified/Other. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at
cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet 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 profit or loss on a straight line basis over the period of
the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 154 (2017 - 148 ) .

Page 3 continued...
PARK HALL HOTEL (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 09681087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 7
NET BOOK VALUE
At 31 March 2018 7
At 31 March 2017 7

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 225,810 2,264,480 2,490,290
Additions 2,772 67,832 70,604
At 31 March 2018 228,582 2,332,312 2,560,894
DEPRECIATION
At 1 April 2017 - 503,005 503,005
Charge for year - 274,397 274,397
At 31 March 2018 - 777,402 777,402
NET BOOK VALUE
At 31 March 2018 228,582 1,554,910 1,783,492
At 31 March 2017 225,810 1,761,475 1,987,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 41,168 36,174
Other debtors 18,103 6,059
59,271 42,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 262,313 199,837
Taxation and social security 139,160 101,869
Other creditors 549,155 455,499
950,628 757,205

Page 4 continued...
PARK HALL HOTEL (WOLVERHAMPTON) LTD (REGISTERED NUMBER: 09681087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings 809,233 994,233
Other creditors 200,000 400,000
1,009,233 1,394,233

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kulwinder Singh Chawla F.C.C.A. (Senior Statutory Auditor)
for and on behalf of Brindleys Limited

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and
31 March 2017:

2018 2017
£    £   
Angela Bir
Balance outstanding at start of year 431 14,140
Amounts advanced 9,330 16,291
Amounts repaid (10,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (239 ) 431

Dividend issued during the year Nil ( Nil in 2017)

11. RELATED PARTY DISCLOSURES

Long Term Liabilities

These are related party transactions

Park Hall Hotel (Holdings) Ltd £ 809,233

BIR Holdings Ltd £ 200,000

12. SECURITY HELD

Held by HSBC, Debenture including fixed charge over all present freehold and leasehold property: First
fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future
dated from 18/08/2018.

Unlimited multilateral guarantee dated 18/08/2018 in favour of Park Hall Hotel (Holdings) Ltd and Park
Hall Hotel (Wolverhampton) Ltd

Page 5