Lakes Hotel & Supertours Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02508371

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

LAKES HOTEL & SUPERTOURS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Dobson

Mrs M P A Dobson

SECRETARY:

Mrs M P A Dobson

REGISTERED OFFICE:

t/a Lakes Lodge and Lakes Supertours

Lakes Lodge

1 High Street

WINDERMERE

Cumbria

LA23 1AF

REGISTERED NUMBER:

02508371

ACCOUNTANTS:

RFM Lancaster

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,118

18,201

13,118

18,201

CURRENT ASSETS

Stocks

550

550

Debtors

6

55,887

23,428

Cash at bank and in hand

(678

)

1,520

55,759

25,498

CREDITORS

Amounts falling due within one year

7

56,735

38,902

NET CURRENT LIABILITIES

(976

)

(13,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,142

4,797

PROVISIONS FOR LIABILITIES

3,313

3,313

NET ASSETS

8,829

1,484

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

8,821

1,476

8,829

1,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 January 2019 and were signed on its behalf by:

A J Dobson - Director

Mrs M P A Dobson - Director

1.	STATUTORY INFORMATION

Lakes Hotel & Supertours Limited is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 6.67% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

56,150

AMORTISATION

At 1 May 2017

and 30 April 2018

56,150

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

1,216

92,803

94,019

DEPRECIATION

At 1 May 2017

-

75,818

75,818

Charge for year

-

5,083

5,083

At 30 April 2018

-

80,901

80,901

NET BOOK VALUE

At 30 April 2018

1,216

11,902

13,118

At 30 April 2017

1,216

16,985

18,201

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases

are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2017

and 30 April 2018

23,890

DEPRECIATION

At 1 May 2017

11,012

Charge for year

3,220

At 30 April 2018

14,232

NET BOOK VALUE

At 30 April 2018

9,658

At 30 April 2017

12,878

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

55,887

23,428

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

24,266

21,391

Trade creditors

9,845

2,373

Taxation and social security

16,359

11,993

Other creditors

6,265

3,145

56,735

38,902