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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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CROSTON HALL LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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FOR |
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CROSTON HALL LIMITED |
CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2017 |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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CROSTON HALL LIMITED |
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COMPANY INFORMATION |
for the Year Ended 28 February 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
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BANKERS: |
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BBAM |
Bridle Road |
Bootle |
Merseyside |
L30 4GB |
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SOLICITORS: |
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13th Floor |
Silkhouse Court |
Tithebarn Street |
Liverpool |
Merseyside |
L2 2LZ |
CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
28 February 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 28 February 2017 |
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1. | STATUTORY INFORMATION |
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Croston Hall Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents income receivable from the Company's principal activities of operating public houses and |
restaurants and is net of value added tax. |
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Sales of goods and services provided are recognised at the point of sale. |
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Tangible fixed assets |
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Leasehold property | - |
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Improvements to property | - |
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Fixtures and fittings | - |
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Tangible fixed assets are stated at cost less depreciation and impairment. |
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Impairment of assets |
At each reporting date assets are reviewed to determine whether there is any indication that those assets have |
suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, |
the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
immediately in the profit and loss. |
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Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised |
estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying |
amount that would have been determined (net of depreciation) had no impairment loss been recognised for the |
asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
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Stocks |
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. |
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Financial instruments |
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost |
using effective interest method, less impairment losses for bad and doubtful debts except where the effect of |
discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad |
and doubtful debts. |
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Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate |
and are payable within one year shall be measured at the undiscounted amount due. |
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CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
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Leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 29 February 2016 |
and 28 February 2017 |
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DEPRECIATION |
At 29 February 2016 |
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Charge for year |
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At 28 February 2017 |
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NET BOOK VALUE |
At 28 February 2017 |
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At 28 February 2016 |
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5. | OTHER FINANCIAL COMMITMENTS |
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The company has total operating lease commitments amounting to £690,000 (2016 - £761,167). |
CROSTON HALL LIMITED (REGISTERED NUMBER: 04604459) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 28 February 2017 |
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6. | FIRST YEAR ADOPTION |
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This is the first year in which the financial statements have been prepared under FRS Section 1A, as such the |
Directors have concluded that there are no measurement differences on transition and accordingly no balances |
have been restated. |
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The transition has not resulted in any changes in accounting policies to those previously used. |
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