Registration number:
Unaudited Abbreviated Accounts
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 2016
Note |
2016
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2015
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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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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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Approved by the Board on
Mr M Bows
Director
Mrs M S Bows
Director
1
Union and Western Hotels Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. At 30 November 2016 the company had net current liabilties of £974,766 which includes £719,174 owed to the directors. The company meets its day to day working capital requirements through loans from its directors where necessary. 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.
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
Pensions
Union and Western Hotels Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2015 |
1,723,548 |
1,723,548 |
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Additions |
11,067 |
11,067 |
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At 30 November 2016 |
1,734,615 |
1,734,615 |
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Depreciation |
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At 1 December 2015 |
410,129 |
410,129 |
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Charge for the year |
44,145 |
44,145 |
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At 30 November 2016 |
454,274 |
454,274 |
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Net book value |
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At 30 November 2016 |
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At 30 November 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
266,062 |
532,849 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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