Registered Number 05686019

ABBINGTON HOTEL LIMITED

Abbreviated Accounts

31 March 2016

ABBINGTON HOTEL LIMITED Registered Number 05686019

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - 2,000
Tangible assets 3 747,646 754,441
747,646 756,441
Current assets
Stocks 1,250 1,000
Debtors 2,820 4,101
4,070 5,101
Creditors: amounts falling due within one year 4 (289,338) (281,739)
Net current assets (liabilities) (285,268) (276,638)
Total assets less current liabilities 462,378 479,803
Creditors: amounts falling due after more than one year 4 (667,017) (673,628)
Total net assets (liabilities) (204,639) (193,825)
Capital and reserves
Called up share capital 5 100 100
Profit and loss account (204,739) (193,925)
Shareholders' funds (204,639) (193,825)
  • For the year ending 31 March 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 July 2016

And signed on their behalf by:
Mr F Di Grado, Director

ABBINGTON HOTEL LIMITED Registered Number 05686019

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over their expected useful lives.

Land and buildings: straight line over 50 years
Plant and machinery: 25% Straight line
Fixtures, fittings & equipment: 25% straight line

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern
At the balance sheet date, the company has an excess of current liabilities over current assets and is dependent on the continued support of its bankers and director. The director has secured the bank borrowings and has therefore prepared the accounts on a going concern basis in the knowledge that he has arranged adequate financial resources.

2Intangible fixed assets
£
Cost
At 1 April 2015 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 20,000
Amortisation
At 1 April 2015 18,000
Charge for the year 2,000
On disposals -
At 31 March 2016 20,000
Net book values
At 31 March 2016 0
At 31 March 2015 2,000
3Tangible fixed assets
£
Cost
At 1 April 2015 1,035,425
Additions 44,241
Disposals (1,612)
Revaluations -
Transfers -
At 31 March 2016 1,078,054
Depreciation
At 1 April 2015 280,984
Charge for the year 51,036
On disposals (1,612)
At 31 March 2016 330,408
Net book values
At 31 March 2016 747,646
At 31 March 2015 754,441
4Creditors
2016
£		 2015
£
Secured Debts 289,347 281,600
Instalment debts due after 5 years 118,605 141,733
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
100 Ordinary shares of £1 each 100 100