Palace Court Hotel Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08405071 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Palace Court Hotel Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Alkateb

REGISTERED OFFICE:

336 Pinner Road

Harrow

Middlesex

HA1 4LB

REGISTERED NUMBER:

08405071 (England and Wales)

ACCOUNTANTS:

Walji & Associates

336 Pinner Road

Harrow

Middlesex

HA1 4LB

FIXED ASSETS

Tangible assets

2

10,528

6,401

CURRENT ASSETS

Debtors

58,288

92,584

Cash at bank and in hand

216,787

327,282

275,075

419,866

CREDITORS

Amounts falling due within one year

86,232

234,730

NET CURRENT ASSETS

188,843

185,136

TOTAL ASSETS LESS CURRENT
LIABILITIES

199,371

191,537

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

199,370

191,536

SHAREHOLDERS' FUNDS

199,371

191,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 director on 20 December 2016 and were signed by:

A Alkateb - 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 January 2015).

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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

11,380

Additions

7,636

At 31 March 2016

19,016

DEPRECIATION

At 1 April 2015

4,979

Charge for year

3,509

At 31 March 2016

8,488

NET BOOK VALUE

At 31 March 2016

10,528

At 31 March 2015

6,401

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

1