JP Hotel Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08019466 (England and Wales)

Unaudited Financial Statements

for the Period

1 October 2017 to 31 December 2018

for

JP Hotel Ventures Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Davis

REGISTERED OFFICE:

Knight's Quarter

14 St Johns Lane

London

EC1M 4AJ

REGISTERED NUMBER:

08019466 (England and Wales)

ACCOUNTANTS:

Ward Goodman

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

FIXED ASSETS

Tangible assets

4

522

1,317

CURRENT ASSETS

Debtors

10,097

92

Cash at bank

16,890

956

26,987

1,048

CREDITORS

Amounts falling due within one year

403,346

427,242

NET CURRENT LIABILITIES

(376,359

)

(426,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(375,837

)

(424,877

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(375,937

)

(424,977

)

(375,837

)

(424,877

)

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

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

The director acknowledges his 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 Income Statement and an abridged Balance Sheet for the period ended 31 December 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 director on 26 March 2019 and were signed by:

Mr A Davis - Director

1.	STATUTORY INFORMATION

JP Hotel Ventures 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.

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.

The financial statements have been prepared on the going concern basis, which assumes the company will have sufficient

funds to continue in operational existence for the foreseeable future. The company finances its operations through a mixture

of shareholder's funds, working capital and group borrowings. The parent company has a loan facility from its Director that is

only repayable when alternative financing is in place. The company expects to generate sufficient cash to service the debt.

Going concern

The director has concluded that a material uncertainty exists that casts significant doubt upon the company's

ability to continue as a going concern and that, therefore the company may be unable to realise its assets and discharge its

liabilities in the normal course of business. The director anticipates his facility will be sufficient for the forecast period and

has prepared cash flow forecasts for the next 12 months that demonstrate the company can continue to meet its liabilities as

they fall due on this basis. The director therefore considers the going concern basis for preparing the financial statements to

be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

20% on cost

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 period was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2017

and 31 December 2018

3,178

DEPRECIATION

At 1 October 2017

1,861

Charge for period

795

At 31 December 2018

2,656

NET BOOK VALUE

At 31 December 2018

522

At 30 September 2017

1,317

5.	RELATED PARTY DISCLOSURES

The company received management fee income of £362,500 (2017: £100,000) from related companies controlled by the

Director.

Included in creditors is a balance of £nil (2017: £387,651) outstanding at the year end, due to Ston Easton Holdings Limited,

a company controlled by the Director.

As at the balance sheet date, the company owed the Director £305,763 (2017: £nil).