Abbreviated Company Accounts - MONTAGU HOTELS LIMITED
Abbreviated Company Accounts - MONTAGU HOTELS LIMITED
Registered Number 05237178
MONTAGU HOTELS LIMITED
Abbreviated Accounts
31 January 2016
MONTAGU HOTELS LIMITED Registered Number 05237178
Abbreviated Balance Sheet as at 31 January 2016
| Notes | 2016 | 2015 | |
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| £ | £ | ||
| Called up share capital not paid |
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| Fixed assets | |||
| Intangible assets | 2 |
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| Tangible assets | 3 |
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| Investments | 4 |
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| Current assets | |||
| Stocks |
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| Debtors |
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| Investments |
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| Cash at bank and in hand |
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| Prepayments and accrued income |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
( |
( |
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| Creditors: amounts falling due after more than one year |
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| Provisions for liabilities |
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| Accruals and deferred income |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital |
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| Share premium account |
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| Revaluation reserve |
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| Other reserves |
( |
( |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
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For the year ending 31 January 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
And signed on their behalf by:
MONTAGU HOTELS LIMITED Registered Number 05237178
Notes to the Abbreviated Accounts for the period ended 31 January 2016
1Accounting Policies
Basis of measurement and preparation of accounts
1 ACCOUNTING POLICIES
The following accounting policies have been prepared in accordance with applicable
accounting standards.
(a) 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 2005).
(b) Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
(c) 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
Improvements to property - 20% on cost
Plant and machinery - 25% on cost
Furniture fittings & equipment - 25% on cost
Motor vehicles - 33% on cost
Computer equipments - 25% on cost
(d) Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
(e) Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.
2 OPERATING PROFIT
2016 2015
£ £
Operating profit is stated after charging:
Depreciation - owned assets 74,671 197,212
Director's emoluments and other benefits etc - -
2Intangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 February 2015 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 31 January 2016 |
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| Amortisation | |
| At 1 February 2015 |
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| Charge for the year |
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| On disposals |
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| At 31 January 2016 |
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| Net book values | |
| At 31 January 2016 | 0 |
| At 31 January 2015 | 0 |
3Tangible fixed assets
| £ | |
|---|---|
| Cost | |
| At 1 February 2015 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 31 January 2016 |
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| Depreciation | |
| At 1 February 2015 |
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| Charge for the year |
|
| On disposals |
|
| At 31 January 2016 |
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| Net book values | |
| At 31 January 2016 | 1,264,908 |
| At 31 January 2015 | 1,339,579 |
4Fixed assets Investments