REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 30 September 2013 |
for |
Navidale Estates Ltd |
T/A |
MacKinnon Country House Hotel |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 30 September 2013 |
for |
Navidale Estates Ltd |
T/A |
MacKinnon Country House Hotel |
Navidale Estates Ltd (Registered number: SC238441) |
T/A MacKinnon Country House Hotel |
Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Navidale Estates Ltd |
T/A MacKinnon Country House Hotel |
Company Information |
for the Year Ended 30 September 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Navidale Estates Ltd (Registered number: SC238441) |
T/A MacKinnon Country House Hotel |
Abbreviated Balance Sheet |
30 September 2013 |
30.9.13 | 30.9.12 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
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. |
The financial statements were approved by the Board of Directors on |
Navidale Estates Ltd (Registered number: SC238441) |
T/A MacKinnon Country House Hotel |
Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Fundamental account concept - going concern |
These financial statements have been prepared on a going concern basis. The directors are aware of the net current liability |
position of the company, and is reliant on the continued support of the bank and suppliers to provide credit. On this basis, it |
is considered appropriate to prepare the financial statements on a going concern basis. |
Turnover |
The turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added |
Tax. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Tangible fixed assets are stated at cost or valuation less depreciation. |
An amount equal to the excess of the annual depreciation charge on revalued assets over the notional historical cost |
depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving |
items. Cost represents the invoiced value of goods purchased net of any trade discounts received. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, |
where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have occurred by |
the balance sheet date with certain limited exceptions. |
Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the |
timing differences are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance |
sheet date. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 October 2012 |
and 30 September 2013 |
DEPRECIATION |
At 1 October 2012 |
Charge for year |
At 30 September 2013 |
NET BOOK VALUE |
At 30 September 2013 |
At 30 September 2012 |
3. | CREDITORS |
Creditors include an amount of £ |
Navidale Estates Ltd (Registered number: SC238441) |
T/A MacKinnon Country House Hotel |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2013 |
3. | CREDITORS - continued |
They also include the following debts falling due in more than five years: |
30.9.13 | 30.9.12 |
£ | £ |
Repayable by instalments | 143,042 | 163,266 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.13 | 30.9.12 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE CONTROLLING PARTY |
The company was under the control of Mrs V Mealeady throughout the whole of the current and prior periods. Mrs |
Mealeady is the majority shareholder. |