pinacle - Company Accounts (iXBRL 6.0.17)

HOTEL AND MANCHESTER SERVICE FLATS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2018

COMPANY REGISTRATION NUMBER - 1302808

	1.
HOTEL AND MANCHESTER SERVICE FLATS LIMITED
COMPANY NUMBER - 1302808
BALANCE SHEET AS AT 31 MARCH 2018

			2018		2017
			----		----

	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		901,654		676,982
CURRENT ASSETS
Debtors	5	3,360		1,400
Cash at bank and in hand		2,307		21,281
		5,667		22,681
CURRENT LIABILITIES
CREDITORS - Amounts
falling due within one year	6	25,108		47,810
NET CURRENT LIABILITIES			(19,441)		(25,129)
TOTAL ASSETS LESS CURRENT LIABILITIES			882,213		651,853
CREDITORS - Amounts falling
due after more than one year	6		(88,083)		(102,085)
NET ASSETS			794,130		549,768

	2.
HOTEL AND MANCHESTER SERVICE FLATS LIMITED
COMPANY NUMBER - 1302808
BALANCE SHEET AS AT 31 MARCH 2018

			2018		2017
			----		----
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit - Not distributable			673,167		448,167
Profit and Loss account			120,863		549,668
SHAREHOLDERS' FUNDS			794,130		549,768

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2018, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on14 December 2018
and signed on their behalf by:
B Schoenfeld
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
HOTEL AND MANCHESTER SERVICE FLATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018
1. COMPANY INFORMATION

Hotel And Manchester Service Flats Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 1302808.

The company's registered office is Lincoln House, 23-25 Lincoln Grove, Manchester M13 0DX, .

2. ACCOUNTING POLICIES

BASIS OF ACCOUNTING

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

TANGIBLE FIXED ASSETS AND DEPRECIATION

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Office Equipment - 20% reducing balance

Fixtures and fittings - 15% reducing balance

No depreciation is provided on freehold land.

RESEARCH AND DEVELOPMENT EXPENDITURE

Expenditure on research and development is written off in the year in which it is incurred.

FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3. EMPLOYEES

The average number of persons employed by the company (including directors) during the year was 2 (2017 - 2).

	4.
HOTEL AND MANCHESTER SERVICE FLATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018

4. FIXED ASSETS - TANGIBLE

		Plant and
	Land and	Machinery
	Buildings	etc.	Total
Fair value	£	£	£
At 01 April 2017	675,000	35,459	710,459
Revaluation	225,000	-	225,000
At 31 March 2018	900,000	35,459	935,459
Depreciation
At 01 April 2017	-	33,477	33,477
Charge for year	-	328	328
At 31 March 2018	-	33,805	33,805
Net book values
At 31 March 2018	900,000	1,654	901,654
At 01 April 2017	675,000	1,982	676,982

The historical cost of the freehold properties

included at valuation are as follows:

£

Cost

At 01 April 2017	226,833
Net book amounts
At 31 March 2018	900,000
At 01 April 2017	900,000

	2018		2017
	----		----
	£		£
5. DEBTORS
Due within one year:
Other debtors	3,360		1,400

	5.
HOTEL AND MANCHESTER SERVICE FLATS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2018

	2018		2017
	----		----
	£		£
6. CREDITORS
Amounts falling due within one year:
Taxation and social security	8,775		9,687
Director's Current Accounts	11,391		35,753
Other creditors	4,942		2,370
	25,108		47,810

Amounts falling due after one year:

Other creditors:
Bank loan	88,083		102,085
7. CALLED UP SHARE CAPITAL

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary	100		100

8. CONTROL

B Schoenfeld, a director, controls the company by virtue of a majority shareholding.