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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31st December 2016 |
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The Red House Hotel (Grantham) Limited |
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REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31st December 2016 |
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for |
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The Red House Hotel (Grantham) Limited |
The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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The Red House Hotel (Grantham) Limited |
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Company Information |
for the Year Ended 31st December 2016 |
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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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ACCOUNTANTS: |
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1st Floor |
28 Market Place |
Grantham |
Lincolnshire |
NG31 6LR |
The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Report of the Directors |
for the Year Ended 31st December 2016 |
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The directors present their report with the financial statements of the company for the year ended 31st December 2016. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1st January 2016 to the date |
of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Income Statement |
for the Year Ended 31st December 2016 |
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2016 | 2015 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 4 |
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Interest payable and similar expenses |
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PROFIT BEFORE TAXATION |
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Tax on profit |
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PROFIT FOR THE FINANCIAL
YEAR |
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The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Balance Sheet |
31st December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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 directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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 Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Balance Sheet - continued |
31st December 2016 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2016 |
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1. | STATUTORY INFORMATION |
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The Red House Hotel (Grantham) Limited is a
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England and Wales. The company's 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 is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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 balance sheet 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 balance sheet 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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2016 |
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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. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2016 | 2015 |
£ | £ |
Depreciation - owned assets |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1st January 2016 |
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Additions |
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At 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
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Charge for year |
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At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Directors' current accounts | 956 | - |
Prepayments and accrued income |
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The Red House Hotel (Grantham) Limited (Registered number: 04981048) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | - | 1,932 |
Accruals and deferred income |
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8. | RELATED PARTY DISCLOSURES |
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During the year under review the company has paid rent of £6,800 to E Nacer and C Durcan; |
Directors and shareholders of the company for use of the freehold property by the company which is |
owned jointly by them. |
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The lease is under formal contract terms and has an agreed rental review period of every fifteen years. |
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Included in creditors due within one year is an amount of £757 (2015: £2,291) owed to The Albany |
Guest House Ltd. A company of which E Nacer and C Durcan are also directors and shareholders. No |
repayment date or interest has been set for the closing balance. |