Sutton Aparthotel Ltd - Limited company - abbreviated - 11.9
Sutton Aparthotel Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE PERIOD 12 MARCH 2015 TO 30 SEPTEMBER 2015 |
FOR |
SUTTON APARTHOTEL LTD |
SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 12 MARCH 2015 TO 30 SEPTEMBER 2015 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 5 |
SUTTON APARTHOTEL LTD |
COMPANY INFORMATION |
FOR THE PERIOD 12 MARCH 2015 TO 30 SEPTEMBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SUTTON APARTHOTEL LTD |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Sutton Aparthotel Ltd for the period ended 30th September 2015 which comprise the Profit and |
Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Sutton Aparthotel Ltd, as a body, in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sutton |
Aparthotel Ltd and state those matters that we have agreed to state to the Board of Directors of Sutton Aparthotel Ltd, as |
a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted |
by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a |
body, for our work or for this report. |
It is your duty to ensure that Sutton Aparthotel Ltd has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sutton |
Aparthotel Ltd . You consider that Sutton Aparthotel Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Sutton Aparthotel Ltd. For |
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
22 March 2016 |
SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941) |
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2015 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941) |
ABBREVIATED BALANCE SHEET - continued |
30 SEPTEMBER 2015 |
The financial statements were approved by the Board of Directors on |
SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 12 MARCH 2015 TO 30 SEPTEMBER 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting |
Standard for Smaller Entities (effective January 2015). |
Turnover |
Turnover represents the amounts receivable for accommodation for serviced apartments and related services net |
of VAT. |
Goodwill |
Goodwill has been capitalised under the heading of Intangible Fixed Assets. The director has undertaken an |
impairment review of the goodwill, taking account of future cash flows and current operating results. Goodwill is |
amortised through the Profit and Loss Account over a period not exceeding 10 years, estimated by the Directors |
to be the useful economic life. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
It is company policy to maintain the freehold property in a continuous state of good repair. The directors |
consider that the life of the freehold property is long and the estimated residual values at the end of the useful |
economic life is such that any depreciation is immaterial. The carrying value is reviewed for impairment |
annually. |
Based on the above, no charge has been made in the accounts for depreciation of the freehold property. |
Deferred tax |
Deferred tax is provided using the liability method in respect of all material timing differences that have |
originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered |
more likely than not that future profits will be available for offset. The company has not adopted a policy of |
discounting deferred tax assets and liabilities. |
SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 12 MARCH 2015 TO 30 SEPTEMBER 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 30 September 2015 |
AMORTISATION |
Amortisation for period |
At 30 September 2015 |
NET BOOK VALUE |
At 30 September 2015 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
At 30 September 2015 |
DEPRECIATION |
Charge for period |
At 30 September 2015 |
NET BOOK VALUE |
At 30 September 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
'A' Ordinary Shares | 1 |
'B' Ordinary Shares | 1 |
100 |