Southcrest Hotel (Redditch) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06957307 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Southcrest Hotel (Redditch) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S S Chopra

K S Wouhra

REGISTERED OFFICE:

Morgan Reach Chartered Certified Account

CIBA Building

146 Hagley Road

Birmingham

West Midlands

B16 9NX

REGISTERED NUMBER:

06957307 (England and Wales)

FIXED ASSETS

Tangible assets

2

165,685

78,624

CURRENT ASSETS

Stocks

9,462

10,219

Debtors

63,405

48,834

Cash at bank and in hand

68,568

5,582

141,435

64,635

CREDITORS

Amounts falling due within one year

174,532

140,616

NET CURRENT LIABILITIES

(33,097

)

(75,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

132,588

2,643

CREDITORS

Amounts falling due after more than one year

366,310

404,202

NET LIABILITIES

(233,722

)

(401,559

)

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

(233,725

)

(401,562

)

SHAREHOLDERS' FUNDS

(233,722

)

(401,559

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2015 and were signed on its behalf by:

S S Chopra - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Long leasehold

-

15% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

At the balance sheet date the company had net current liabilities and net liabilities amounting to £33,098 (2014:

£75,981) and £226,505 (2014: £401,559) respectively. The company is dependant upon the support of its

creditors which the directors believe will continue. It is on the basis, in the opinion of the directors it is

appropriate to prepare financial statements on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

182,302

Additions

127,901

At 31 July 2015

310,203

DEPRECIATION

At 1 August 2014

103,678

Charge for year

40,840

At 31 July 2015

144,518

NET BOOK VALUE

At 31 July 2015

165,685

At 31 July 2014

78,624

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

3

Ordinary

3

3

3