Station Hotel (Ellon) Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC236665 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Station Hotel (Ellon) Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P E Keith

Mrs D Keith

S E Keith

SECRETARY:

Mrs D Keith

REGISTERED OFFICE:

Station Hotel

Station Brae

Ellon

Aberdeenshire

AB41 9BD

REGISTERED NUMBER:

SC236665 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

2

488,275

492,620

CURRENT ASSETS

Stocks

16,280

15,037

Debtors

5,636

4,815

Cash at bank and in hand

39,618

107,715

61,534

127,567

CREDITORS

Amounts falling due within one year

147,613

180,515

NET CURRENT LIABILITIES

(86,079

)

(52,948

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

402,196

439,672

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

402,193

439,669

SHAREHOLDERS' FUNDS

402,196

439,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 23 May 2017 and were signed on its behalf by:

P E Keith - Director

Mrs D Keith - 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 amounts receivable for goods and services provided in the normal course of business, net of

discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the

company and when its value can be measured with a sufficient degree of certainty and reliability. All income is

recognised in the accounting period to which it relates.

Tangible fixed assets

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

Freehold property

-

2% on cost

Furnishings & equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

781,413

Additions

19,935

Disposals

(752

)

At 30 September 2016

800,596

DEPRECIATION

At 1 October 2015

288,793

Charge for year

24,185

Eliminated on disposal

(657

)

At 30 September 2016

312,321

NET BOOK VALUE

At 30 September 2016

488,275

At 30 September 2015

492,620

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

2

Ordinary 'A'

£1

2

1

Ordinary 'B'

£1

1

3