01 Hostels Limited - Limited company - abbreviated - 11.9
01 Hostels Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| 01 Hostels Limited |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| 01 Hostels Limited (Registered number: 08266648) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| 01 Hostels Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 01 Hostels Limited (Registered number: 08266648) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 30.6.15 | 30.6.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 01 Hostels Limited (Registered number: 08266648) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on |
| 01 Hostels Limited (Registered number: 08266648) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2015 |
| 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 accommodation charges and related charges, excluding value added tax. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of businesses in 2013 and 2014, is being |
| amortised evenly over the estimated useful life of ten years. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| During the year the company purchased a lease which expires in 2020. This lease was purchased to enable the |
| company to extend the lease for a 15 year term in 2020. As this was the case when the company made the |
| purchase it is writing off the lease over a 20 year period rather than a 5 year period. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| AMORTISATION |
| At 1 July 2014 |
| Amortisation for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 01 Hostels Limited (Registered number: 08266648) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
| value: | £ | £ |
| Ordinary | £1 |