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REGISTERED NUMBER: 00758379 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

A.A. MICHAELIDES (BROOK GREEN) LIMITED

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A.A. MICHAELIDES (BROOK GREEN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







DIRECTORS: Mr A.A. Michaelides
Mr A Michaelides
Mrs M.M. Michaelides
J.M. O'Keefe





SECRETARY: Mr A.A. Michaelides





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 00758379 (England and Wales)





ACCOUNTANTS: Pittalis Gilchrist LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2017

30.6.17 30.6.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,389,394 7,502,228

CURRENT ASSETS
Debtors 4 526,817 529,317
Cash at bank 276,443 265,713
803,260 795,030
CREDITORS
Amounts falling due within one year 5 399,315 306,932
NET CURRENT ASSETS 403,945 488,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,793,339

7,990,326

CREDITORS
Amounts falling due after more than one year 6 (2,107,517 ) (2,263,167 )

PROVISIONS FOR LIABILITIES 7 (720,321 ) (720,387 )
NET ASSETS 4,965,501 5,006,772

CAPITAL AND RESERVES
Called up share capital 8 100,000 100,000
Revaluation reserve 9 2,825,797 2,879,763
Retained earnings 9 2,039,704 2,027,009
SHAREHOLDERS' FUNDS 4,965,501 5,006,772

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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.

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2017


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 15 January 2018 and were signed on its behalf by:





Mr A Michaelides - Director


A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017

1. STATUTORY INFORMATION

A.A. Michaelides (Brook Green) Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue represents amounts received from rooms let out and rents received. Revenue for the provision of
services is recognised when the services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Freehold buildings-Nil from the date of purchase to 30 June 2016 and 50 years straight line
thereafter.

The director considers this to be appropriate as substantial repairs have been carried out since the date of
purchase maintaining the value of the property at its initial cost.

Land and building held and used in the Company's own activities for production and supply of goods or for
administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations
are carried out regularly so that the carrying amounts do not materially differ form using the fair value at the date of
the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation
reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings
unless an asset is derecognised.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position 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.

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 July 2016
and 30 June 2017 7,500,000 54,886 7,554,886
DEPRECIATION
At 1 July 2016 - 52,658 52,658
Charge for year 112,500 334 112,834
At 30 June 2017 112,500 52,992 165,492
NET BOOK VALUE
At 30 June 2017 7,387,500 1,894 7,389,394
At 30 June 2016 7,500,000 2,228 7,502,228

The directors revalued all the freehold properties owned by the company by comparing them to other hotel
properties in the area. They have based the valuations on the lower end of market value.

Cost or valuation at 30 June 2017 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2016 1,791,086 - 1,791,086
Valuation in 2013 1,463,052 - 1,463,052
Valuation in 2011 343,618 - 343,618
Cost 3,902,244 54,886 3,957,130
7,500,000 54,886 7,554,886

4. DEBTORS
30.6.17 30.6.16
£    £   
Amounts falling due within one year:
Other debtors 34,317 25,817

Amounts falling due after more than one year:
Other debtors 492,500 503,500

Aggregate amounts 526,817 529,317

The above debtors include an amount of £492,500 (2016 - £503,500) which is due after more than one year.

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.17 30.6.16
£    £   
Bank loans and overdrafts 147,291 152,443
Amounts owed to related companies 226,221 93,510
Taxation and social security 22,670 38,736
Other creditors 3,133 22,243
399,315 306,932

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.17 30.6.16
£    £   
Bank loans 1,757,517 1,913,167
Other creditors 350,000 350,000
2,107,517 2,263,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 1,021,062 1,176,712

The bank loan is secured by a charge on some of the freehold properties owned by the company.

7. PROVISIONS FOR LIABILITIES
30.6.17 30.6.16
£    £   
Deferred tax
Accelerated capital allowances 380 446
Deferred tax 719,941 719,941
720,321 720,387

Deferred
tax
£   
Balance at 1 July 2016 720,387
Provided during year (66 )
Balance at 30 June 2017 720,321

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 30.6.17 30.6.16
value: £    £   
100 Ordinary 1 100 100
99,900 Ordinary non-voting 'A' shares 1 99,900 99,900
100,000 100,000

A.A. MICHAELIDES (BROOK GREEN) LIMITED (REGISTERED NUMBER: 00758379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2016 2,027,009 2,879,763 4,906,772
Profit for the year 34,695 34,695
Dividends (22,000 ) (22,000 )
Freehold properties - (53,966 ) (53,966 )
At 30 June 2017 2,039,704 2,825,797 4,865,501

10. RELATED PARTY DISCLOSURES

At the year end the company owed to directors an amount of £733 (2016- £21,043).

Rental income includes £54,000 (2016: £54,000) received from The Hotel Group Ltd, a connected company under
the common control of the shareholders.

Creditors includes an amount of £576,221 (2016 - £443,510) owed to The Hotel Group Ltd, a connected company
under the common control of the shareholders.

Debtors includes an amount of £360,500 (2016 - £371,500) owed by Juan Ltd a company under the common
control of two of the directors.

11. ULTIMATE CONTROLLING PARTY

The directors control the company as a result of directly owning 100% of the issued share capital of the company.