HURST LODGE LIMITED

HURST LODGE LIMITED

HURST LODGE LIMITED - Company Information

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HURST LODGE LIMITED

Company Registration Number:
01260285 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

HURST LODGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

HURST LODGE LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 3 0 6,888
Tangible assets: 4 26,216 89,287
Total fixed assets: 26,216 96,175
Current assets
Debtors: 5 151,817 148,372
Cash at bank and in hand: 115,418 208,070
Total current assets: 267,235 356,442
Creditors: amounts falling due within one year: 6 (574,630) (510,428)
Net current assets (liabilities): (307,395) (153,986)
Total assets less current liabilities: (281,179) (57,811)
Creditors: amounts falling due after more than one year:     (1,034)
Total net assets (liabilities): (281,179) (58,845)
Capital and reserves
Called up share capital: 50 50
Profit and loss account: (281,229) (58,895)
Shareholders funds: (281,179) (58,845)

The notes form part of these financial statements

HURST LODGE LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2018
and signed on behalf of the board by:

Name: Victoria Smit
Status: Director

The notes form part of these financial statements

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been provided on tangible fixed assets to write off their cost less estimated residual value over their expected useful life, as follows: short leasehold buildings over term of lease, fixtures and fittings 10% on cost, computers and equipment 25% on cost

Intangible fixed assets and amortisation policy

Goodwill is capitalised and is being amortised over its useful life of 20 years.

Other accounting policies

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Pensions-the company pays employers superannuation contributions in respect of its teaching staff to the statutory national scheme operated by the Teachers Pension Scheme. In addition,the company operates defined contribution schemes for the director and other employees. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Employees

2017 2016
Average number of employees during the period 64 66

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Intangible Assets

Total
Cost £
At 01 September 2016 137,938
At 31 August 2017 137,938
Amortisation
At 01 September 2016 131,050
Charge for year 6,888
At 31 August 2017 137,938
Net book value
At 31 August 2017 0
At 31 August 2016 6,888

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

4. Tangible Assets

Total
Cost £
At 01 September 2016 1,694,919
Additions 17,000
At 31 August 2017 1,711,919
Depreciation
At 01 September 2016 1,605,632
Charge for year 80,071
At 31 August 2017 1,685,703
Net book value
At 31 August 2017 26,216
At 31 August 2016 89,287

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

5. Debtors

2017 2016
££
Debtors due after more than one year: 0 0

Trade debtors 136163 Sundry debtors 1,888

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

6. Creditors: amounts falling due within one year note

Trade creditors 127,424 Taxation 56,892 Pensions 18582 Group undertakings 613 Accruals 78349 Deferred income 287,998 sundry creditors 4,772

HURST LODGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

7. Financial commitments

The company had no guarantees and commitments at the balance sheet date.The site lease expired at the end of this year.