Abba Hotels UK Limited - Limited company - abbreviated

REGISTERED NUMBER: 05319655 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

ABBA HOTELS UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Minon

A Iraculis

M Perez Mayorga

SECRETARY:

M Perez Mayorga

REGISTERED OFFICE:

31-33 Queens Gate

London

SW7 5JA

REGISTERED NUMBER:

05319655 (England and Wales)

ACCOUNTANTS:

Sage & Co

Chartered Accountants

38A High Street

Northwood

Middlesex

HA6 1BN

FIXED ASSETS

Intangible assets

2

-

858,592

Tangible assets

3

-

858,592

CURRENT ASSETS

Stocks

-

18,628

Debtors

273,389

239,616

Cash at bank and in hand

11,719

23,418

285,108

281,662

CREDITORS

Amounts falling due within one year

390,005

1,885,016

NET CURRENT LIABILITIES

(104,897

)

(1,603,354

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(104,897

)

(744,762

)

CREDITORS

Amounts falling due after more than
one year

4,607,376

2,570,057

NET LIABILITIES

(4,712,273

)

(3,314,819

)

CAPITAL AND RESERVES

Called up share capital

4

850,000

Profit and loss account

(5,562,273

)

(4,164,819

)

SHAREHOLDERS' FUNDS

(4,712,273

)

(3,314,819

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2014 and were
signed on its behalf by:

J Minon - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover, which is stated net of value added tax, represents amounts receivable for goods and

services provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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

Computer equipment

- 15% 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.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation

computations in years different from those in which they are included in the company's financial

statements. Deferred tax is provided in full on timing differences which result in an obligation to

pay more (or less) tax at a future date, at the average tax rates that are expected to apply when

the timing differences reverse, based on current tax rates and laws.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into

account in arriving at the operating result.

Operating leases

Rentals in respect of operating leases are charged to the profit and loss account as incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

1,413,532

Disposals

(1,413,532

)

At 31 December 2013

-

AMORTISATION

At 1 January 2013

554,940

Amortisation for year

70,662

Eliminated on disposal

(625,602

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

858,592

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

2,725

Disposals

(2,725

)

At 31 December 2013

-

DEPRECIATION

At 1 January 2013

2,725

Eliminated on disposal

(2,725

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

850,000

Ordinary

£1

850,000

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is Henzada BV, a company incorporated in the Netherlands.