The Grand Inn Limited,Ltd - AccountsLtd - Accounts

The Grand Inn Limited,Ltd - AccountsLtd - Accounts

THE GRAND INN LTD - Company Information

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2016-04-01 06988314 2017-03-31 06988314 2016-04-01 2017-03-31 06988314 2016-03-31 06988314 2015-04-01 2016-03-31 06988314 uk-core:WithinOneYear 2016-03-31 06988314 uk-core:WithinOneYear 2017-03-31 06988314 uk-core:ShareCapital 2017-03-31 06988314 uk-core:ShareCapital 2016-03-31 06988314 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 06988314 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 06988314 uk-bus:Director1 2016-04-01 2017-03-31 06988314 uk-core:Buildings 2016-04-01 2017-03-31 06988314 uk-core:PlantMachinery 2016-04-01 2017-03-31 06988314 uk-core:FurnitureFittings 2016-04-01 2017-03-31 iso4217:GBP 06988314 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 06988314 uk-bus:FRS102 2016-04-01 2017-03-31 06988314 uk-bus:FullAccounts 2016-04-01 2017-03-31 06988314 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
The Grand Inn Limited
Registered Number:06988314
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
The Grand Inn Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
The Grand Inn Limited
Statement of Financial Position
Registered Number :
06988314
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
285,017
292,667
2
285,017
292,667
Current assets
Trade and other receivables
358
250
3
590
Cash and cash equivalents
218
468
948
Trade and other payables: amounts falling due
within one year
(447,068)
(430,938)
4
(446,120)
(430,470)
Net current liabilities
Total assets less current liabilities
(145,453)
(153,453)
(145,453)
Net liabilities
(153,453)
Capital and reserves
Called up share capital
200
200
Retained earnings
(145,653)
(153,653)
(145,453)
(153,453)
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mrs Mandy Susan Michelle Ann Hockin Director
These financial statements were approved and authorised for issue by the Board on 18 December 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2017
The Grand Inn Limited
Notes to the Financial Statements
Statutory Information
The Grand Inn Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 06988314.
Registered address:
2 Caythorpe Cottages
Donington
Spalding
PE11 4SB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Per annum on cost
Plant and machinery
25% Reducing balance
25% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 April 2016
343,012
At 31 March 2017
343,012
Provision for depreciation and impairmen
t
At 01 April 2016
50,345
Charge for year
7,650
At 31 March 2017
57,995
At 31 March 2017
Net book value
285,017
At 31 March 2016
292,667
2 of 3
5
For the year ended 31 March 2017
The Grand Inn Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
250
358
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
-
1
Other creditors
430,938
447,067
430,938
447,068
3 of 3