| The Courtney Hotel London |
| Registered number: |
06874974 |
| Balance Sheet |
| as at 30 April 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
7,500 |
|
|
10,000 |
| Tangible assets |
3 |
|
|
37,763 |
|
|
83,457 |
|
|
|
|
45,263 |
|
|
93,457 |
|
| Current assets |
| Stocks |
|
|
8,786 |
|
|
5,409 |
| Debtors |
4 |
|
66,794 |
|
|
10,308 |
| Cash at bank and in hand |
|
|
51,963 |
|
|
99,062 |
|
|
|
127,543 |
|
|
114,779 |
| Creditors: amounts falling due within one year |
5 |
|
(32,088) |
|
|
(33,659) |
|
| Net current assets |
|
|
|
95,455 |
|
|
81,120 |
|
| Total assets less current liabilities |
|
|
|
140,718 |
|
|
174,577 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(29,972) |
|
|
(66,672) |
|
|
| Net assets |
|
|
|
110,746 |
|
|
107,905 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
20,000 |
|
|
20,000 |
| Profit and loss account |
|
|
|
90,646 |
|
|
87,805 |
|
| Shareholder's funds |
|
|
|
110,746 |
|
|
107,905 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mrs Sarah Kelly |
| Director |
| Approved by the board on 8 January 2018 |
|
| The Courtney Hotel London |
| Notes to the Accounts |
| for the year ended 30 April 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
|
| 2 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 May 2016 |
25,000 |
|
At 30 April 2017 |
25,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 May 2016 |
15,000 |
|
Provided during the year |
2,500 |
|
At 30 April 2017 |
17,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2017 |
7,500 |
|
At 30 April 2016 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2016 |
125,713 |
|
82,203 |
|
207,916 |
|
At 30 April 2017 |
125,713 |
|
82,203 |
|
207,916 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2016 |
95,023 |
|
29,436 |
|
124,459 |
|
Charge for the year |
25,143 |
|
20,551 |
|
45,694 |
|
At 30 April 2017 |
120,166 |
|
49,987 |
|
170,153 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2017 |
5,547 |
|
32,216 |
|
37,763 |
|
At 30 April 2016 |
30,690 |
|
52,767 |
|
83,457 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
60,006 |
|
3,520 |
|
Other debtors |
6,788 |
|
6,788 |
|
|
|
|
|
|
66,794 |
|
10,308 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
2,567 |
|
4,557 |
|
Corporation tax |
9,625 |
|
11,118 |
|
Other taxes and social security costs |
19,896 |
|
17,984 |
|
|
|
|
|
|
32,088 |
|
33,659 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
29,972 |
|
66,672 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
As at the balance sheet date the company owed |
|
Mrs Sarah Kelly |
|
Director's Loan Account |
66,672 |
|
|
|
(36,699) |
|
29,973 |
|
|
|
66,672 |
|
- |
|
(36,699) |
|
29,973 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
The Courtney Hotel London is a private company limited by shares and incorporated in England. Its registered office is: |
|
91-93 Church Road, Swanscombe |
|
Kent, England, DA10 0HE |
