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Financial Statements for the Year Ended 30 September 2018 |
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Grants Hotel Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 September 2018 |
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for |
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Grants Hotel Limited |
Grants Hotel Limited (Registered number: 01021421) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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Grants Hotel Limited |
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Company Information |
for the Year Ended 30 September 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants & Statutory Auditor |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
Grants Hotel Limited (Registered number: 01021421) |
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Statement of Financial Position |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Grants Hotel Limited (Registered number: 01021421) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Grants Hotel Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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Both the presentational currency and the functional currency is the £ sterling. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Going concern |
The company ceased trading on 1 October 2015 and its property was redeveloped for residential |
purposes with the final sales completed during the previous year ended 30 September 2017. The |
accounts are prepared on a going concern basis which assumes the continued support of the ultimate |
holding company, Ashdale UK Limited. Further disclosures on going concern are included in the 30 |
September 2017 accounts of Ashdale UK Limited. At the date of signing the accounts of Grants Hotel |
Limited for this year ended 30 September 2018, the accounts of Ashdale UK Limited for the year |
ended 30 September 2018 have not yet been finalised. |
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Significant judgements and estimates |
The company was dormant throughout the year and there are no significant accounting policies or |
judgements and estimates to disclose. |
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4. | DEBTORS |
2018 | 2017 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Amounts falling due after more than one year: |
Amounts owed by group undertakings |
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Aggregate amounts |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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The company's overdraft is secured by an unlimited inter company guarantee given by its parent |
company, Ashdale UK Limited, and fellow subsidiaries of Ashdale UK Limited. |
Grants Hotel Limited (Registered number: 01021421) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | 1.00 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Auditors' Report was qualified on the following basis: |
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Basis for qualified opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and |
applicable law. Our responsibilities under those standards are further described in the Auditors' |
responsibilities for the audit of the financial statements section of our report. We are independent of |
the Company in accordance with the ethical requirements that are relevant to our audit of the financial |
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical |
responsibilities in accordance with these requirements. Other than the following matter, we believe that |
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
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We have not yet completed our audit of the 30 September 2018 financial group statements of Ashdale |
UK Limited and so are not able to form an opinion on the contingent liabilities disclosure at note 9 to |
the Company's financial statements relating to the multi-lateral cross guarantee arrangements in |
respect of Ashdale UK Limited's group borrowings. |
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Matters required to report by exception |
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for and on behalf of
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9. | CONTINGENT LIABILITIES |
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The company has entered into multi-lateral cross guarantee arrangements in respect of the bank |
borrowings of its parent company, Ashdale UK Limited and fellow subsidiaries of Ashdale UK Limited. |
The cross guarantees are supported by fixed and floating charges over the group's freehold property |
and other assets. At 30 September 2018 the company's liability under these arrangements were |
£8,134,167 (2017: £8,564,167). |
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The company has entered into an inter company guarantee in respect of the bank overdraft of its |
parent company, Ashdale UK Limited and fellow subsidiaries of Ashdale UK Limited. At 30 September |
2018 the company's liability under this arrangement was £nil (2017: £nil) regarding Ashdale UK |
Limited. |
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10. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
Grants Hotel Limited (Registered number: 01021421) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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