Orsett Hall Banqueting & Conference - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06578610 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ORSETT HALL BANQUETING & CONFERENCE

CENTRE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A P Barnard

Ms V J Barton-Wright

SECRETARY:

Mr A P Barnard

REGISTERED OFFICE:

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

BUSINESS ADDRESS:

Orsett Hall

Prince Charles Avenue

Orsett

Essex

RM16 3HS

REGISTERED NUMBER:

06578610 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

4

417,578

307,631

CURRENT ASSETS

Stocks

62,296

55,447

Debtors

805,057

712,719

Cash at bank and in hand

753,012

469,927

1,620,365

1,238,093

CREDITORS

Amounts falling due within one year

1,707,419

1,351,954

NET CURRENT LIABILITIES

(87,054

)

(113,861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

330,524

193,770

PROVISIONS FOR LIABILITIES

36,032

-

NET ASSETS

294,492

193,770

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

284,492

183,770

SHAREHOLDERS' FUNDS

294,492

193,770

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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 18 December 2018 and were signed on its behalf by:

Mr A P Barnard - Director

1.	STATUTORY INFORMATION

Orsett Hall Banqueting & Conference Centre Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The company's place of business is located in Orsett, Essex.

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 represents the total amounts receivable by the company in respect of sales of goods and services,

excluding value added tax, except in respect of service contracts where turnover is recognised when the

company obtains the right to consideration.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 192 (2017 - 180 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

921,332

Additions

251,320

Disposals

(17,500

)

At 31 March 2018

1,155,152

DEPRECIATION

At 1 April 2017

613,701

Charge for year

136,430

Eliminated on disposal

(12,557

)

At 31 March 2018

737,574

NET BOOK VALUE

At 31 March 2018

417,578

At 31 March 2017

307,631

5.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of employees. During the year

premiums paid by the company amounted to £10,913 (2017 - £9,366). Premiums outstanding at the year end

amounted to £1,866 (2017 - £1,674).

6.	RELATED PARTY DISCLOSURES

7.	ULTIMATE CONTROLLING PARTY

DASSAS Investments Limited (incorporated in Guernsey) is regarded by the directors as being the company's

ultimate holding company.