Elite Hotels Limited - Abbreviated accounts

Registered number

SC103199

Elite Hotels Limited

Abbreviated Accounts

31 July 2015

Elite Hotels Limited
Registered number:		SC103199
Abbreviated Balance Sheet
as at 31 July 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1			1
Investments	3		898,090			898,090
			898,091			898,091

Creditors: amounts falling due within one year		(31,520)			(31,520)

Net current liabilities			(31,520)			(31,520)

Net assets			866,571			866,571

Capital and reserves
Called up share capital	4		50,000			50,000
Profit and loss account			816,571			816,571

Shareholders' funds			866,571			866,571

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P G Brown
Director
Approved by the board on 10 November 2015

Elite Hotels Limited
Notes to the Abbreviated Accounts
for the year ended 31 July 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of fees receivable for management services provided in the accounting period.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Furniture, fittings and equipment			15% reducing balance


2	Tangible fixed assets					£

	Cost
	At 1 August 2014					7,708
	At 31 July 2015					7,708

	Depreciation
	At 1 August 2014					7,707
	At 31 July 2015					7,707

	Net book value
	At 31 July 2015					1
	At 31 July 2014					1


3	Investments					£

	Cost
	At 1 August 2014					898,090

	At 31 July 2015					898,090

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	B&B Edinburgh Limited	Ordinary		100		730,497		40,413

4	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		50,000		50,000		50,000