Registration number:
for the Year Ended
Union and Western Hotels Limited
Contents
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Union and Western Hotels Limited
(Registration number: 00415527)
Abbreviated Balance Sheet at 30 November 2015
Note |
2015
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(As restated)
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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1
Union and Western Hotels Limited
(Registration number: 00415527)
Abbreviated Balance Sheet at 30 November 2015
......... continued
Approved by the Board on
.........................................
Mr M Bows
Director
.........................................
Mrs M S Bows
Director
2
Union and Western Hotels Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. At 30 November 2015 the company had net current liabilties of £1,015,965 which includes £509,261 owed to the directors. The company meets its day to day working capital requirements through loans from its directors. The two directors have confirmed that they will not seek repayment of the loans until at least 12 months from the date of approval of the accounts. They have also agreed to continue to support the company if required.
In addition, bank loans of £207,000 were repaid after the year end by way of funds introduced by the directors.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
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Plant and machinery |
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Office equipment |
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Stock
Financial instruments
Union and Western Hotels Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2014 |
1,693,085 |
1,693,085 |
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Additions |
30,463 |
30,463 |
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At 30 November 2015 |
1,723,548 |
1,723,548 |
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Depreciation |
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At 1 December 2014 |
365,789 |
365,789 |
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Charge for the year |
44,340 |
44,340 |
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At 30 November 2015 |
410,129 |
410,129 |
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Net book value |
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At 30 November 2015 |
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At 30 November 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
532,849 |
344,118 |
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Amounts falling due after more than one year |
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190,757 |
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Total secured creditors |
532,849 |
534,875 |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Union and Western Hotels Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Prior period adjustments |