Abbreviated Company Accounts - MARKHAM HOTEL LIMITED

MARKHAM HOTEL LIMITED - Company Information

Registered Number 03784555

MARKHAM HOTEL LIMITED

Abbreviated Accounts

30 June 2016

MARKHAM HOTEL LIMITED Registered Number 03784555

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	315,885	302,154
		315,885	302,154
Current assets
Stocks		5,634	5,416
Debtors		77	77
Cash at bank and in hand		7,451	3,197
		13,162	8,690
Creditors: amounts falling due within one year		(82,308)	(172,454)
Net current assets (liabilities)		(69,146)	(163,764)
Total assets less current liabilities		246,739	138,390
Creditors: amounts falling due after more than one year		(86,914)	(1,850)
Provisions for liabilities		(9,584)	(6,756)
Total net assets (liabilities)		150,241	129,784
Capital and reserves
Called up share capital		500	625
Profit and loss account		149,741	129,159
Shareholders' funds		150,241	129,784

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 March 2017

And signed on their behalf by:
Laura Heath, Director

MARKHAM HOTEL LIMITED Registered Number 03784555

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total sales made during the year excluding VAT

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - straight line over 50 years
Plant and machinery - 15% reducing balance
FFE - 20% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more or a right to pay less or to receive more tax.

2Tangible fixed assets

	£
Cost
At 1 July 2015	389,477
Additions	22,410
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	411,887
Depreciation
At 1 July 2015	87,323
Charge for the year	8,679
On disposals	-
At 30 June 2016	96,002
Net book values
At 30 June 2016	315,885
At 30 June 2015	302,154