10
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2019-02-01
Sage Accounts Production Advanced 2020 - FRS102_2019
22,500
22,500
xbrli:pure
xbrli:shares
iso4217:GBP
05330143
2019-02-01
2019-12-31
05330143
2019-12-31
05330143
2019-01-31
05330143
2018-02-01
2019-01-31
05330143
2019-01-31
05330143
core:LandBuildings
core:ShortLeaseholdAssets
2019-02-01
2019-12-31
05330143
core:FurnitureFittings
2019-02-01
2019-12-31
05330143
core:MotorVehicles
2019-02-01
2019-12-31
05330143
bus:Director1
2019-02-01
2019-12-31
05330143
core:LandBuildings
2019-01-31
05330143
core:FurnitureFittings
2019-01-31
05330143
core:MotorVehicles
2019-01-31
05330143
core:LandBuildings
2019-12-31
05330143
core:FurnitureFittings
2019-12-31
05330143
core:MotorVehicles
2019-12-31
05330143
core:LandBuildings
2019-02-01
2019-12-31
05330143
core:WithinOneYear
2019-12-31
05330143
core:WithinOneYear
2019-01-31
05330143
core:ShareCapital
2019-12-31
05330143
core:ShareCapital
2019-01-31
05330143
core:RetainedEarningsAccumulatedLosses
2019-12-31
05330143
core:RetainedEarningsAccumulatedLosses
2019-01-31
05330143
core:LandBuildings
2019-01-31
05330143
core:FurnitureFittings
2019-01-31
05330143
core:MotorVehicles
2019-01-31
05330143
bus:SmallEntities
2019-02-01
2019-12-31
05330143
bus:AuditExemptWithAccountantsReport
2019-02-01
2019-12-31
05330143
bus:FullAccounts
2019-02-01
2019-12-31
05330143
bus:SmallCompaniesRegimeForAccounts
2019-02-01
2019-12-31
05330143
bus:PrivateLimitedCompanyLtd
2019-02-01
2019-12-31
05330143
core:AllUnconsolidatedStructuredEntities
2019-02-01
2019-12-31
05330143
core:AllUnconsolidatedStructuredEntities
2018-02-01
2019-01-31
05330143
core:IntangibleAssetsOtherThanGoodwill
2019-02-01
2019-12-31
05330143
core:OfficeEquipment
2019-02-01
2019-12-31
05330143
core:IntangibleAssetsOtherThanGoodwill
2019-12-31
05330143
core:OfficeEquipment
2019-01-31
05330143
core:OfficeEquipment
2019-12-31
05330143
core:AllUnconsolidatedStructuredEntities
2019-12-31
05330143
core:AllUnconsolidatedStructuredEntities
2019-01-31
COMPANY REGISTRATION NUMBER:
05330143
Eclipse Hotels (Heathrow Airport) Limited
|
|
Filleted Unaudited Financial Statements
|
|
Eclipse Hotels (Heathrow Airport) Limited
|
|
Statement of Financial Position
|
|
31 December 2019
|
31 Dec 19
|
31 Jan 19
|
Note
|
£
|
£
|
£
|
|
|
|
|
Fixed assets
Tangible assets
|
6
|
|
164,382
|
171,799
|
|
|
|
|
|
Current assets
Stocks
|
–
|
|
391
|
Debtors
|
7
|
244,320
|
|
380,843
|
Cash at bank and in hand
|
16,757
|
|
19,057
|
|
---------
|
|
---------
|
|
261,077
|
|
400,291
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
8
|
392,740
|
|
318,912
|
|
---------
|
|
---------
|
Net current (liabilities)/assets
|
|
(
131,663)
|
81,379
|
|
|
---------
|
---------
|
Total assets less current liabilities
|
|
32,719
|
253,178
|
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
19,328
|
19,249
|
|
|
--------
|
---------
|
Net assets
|
|
13,391
|
233,929
|
|
|
--------
|
---------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
2
|
2
|
Profit and loss account
|
|
13,389
|
233,927
|
|
|
--------
|
---------
|
Shareholders funds
|
|
13,391
|
233,929
|
|
|
--------
|
---------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Eclipse Hotels (Heathrow Airport) Limited
|
|
Statement of Financial Position (continued)
|
|
31 December 2019
These financial statements were approved by the
board of directors
and authorised for issue on
29 December 2020
, and are signed on behalf of the board by:
Company registration number:
05330143
Eclipse Hotels (Heathrow Airport) Limited
|
|
Notes to the Financial Statements
|
|
Period from 1 February 2019 to 31 December 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Coda Centre, 189 Munster Road, London, SW6 6AW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Franchise Fees
|
-
|
10% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Leasehold property
|
-
|
8% straight line
|
|
Fixtures and fittings
|
-
|
15% reducing balance
|
|
Motor Vehicles
|
-
|
25% reducing balance
|
|
Equipment
|
-
|
33% straight line
|
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
10
(2019:
14
).
5.
Intangible assets
|
Franchise Fees
|
|
£
|
Cost
|
|
At 1 February 2019 and 31 December 2019
|
22,500
|
|
--------
|
Amortisation
|
|
At 1 February 2019 and 31 December 2019
|
22,500
|
|
--------
|
Carrying amount
|
|
At 31 December 2019
|
–
|
|
--------
|
At 31 January 2019
|
–
|
|
--------
|
|
|
6.
Tangible assets
|
Land and buildings
|
Fixtures and fittings
|
Motor vehicles
|
Equipment
|
Total
|
|
£
|
£
|
£
|
£
|
£
|
Cost
|
|
|
|
|
|
At 1 February 2019
|
83,352
|
292,602
|
9,613
|
30,276
|
415,843
|
Additions
|
–
|
16,683
|
–
|
386
|
17,069
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
At 31 December 2019
|
83,352
|
309,285
|
9,613
|
30,662
|
432,912
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
Depreciation
|
|
|
|
|
|
At 1 February 2019
|
21,919
|
185,221
|
7,332
|
29,572
|
244,044
|
Charge for the period
|
6,342
|
17,059
|
523
|
562
|
24,486
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
At 31 December 2019
|
28,261
|
202,280
|
7,855
|
30,134
|
268,530
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
Carrying amount
|
|
|
|
|
|
At 31 December 2019
|
55,091
|
107,005
|
1,758
|
528
|
164,382
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
At 31 January 2019
|
61,433
|
107,381
|
2,281
|
704
|
171,799
|
|
--------
|
---------
|
-------
|
--------
|
---------
|
|
|
|
|
|
|
7.
Debtors
|
31 Dec 19
|
31 Jan 19
|
|
£
|
£
|
Trade debtors
|
48,973
|
58,707
|
Other debtors
|
195,347
|
322,136
|
|
---------
|
---------
|
|
244,320
|
380,843
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
amounts falling due within one year
|
31 Dec 19
|
31 Jan 19
|
|
£
|
£
|
Trade creditors
|
176,168
|
94,052
|
Corporation tax
|
–
|
19,072
|
Social security and other taxes
|
7,305
|
8,595
|
Other creditors
|
209,267
|
197,193
|
|
---------
|
---------
|
|
392,740
|
318,912
|
|
---------
|
---------
|
|
|
|
9.
Financial instruments
The basic financial instruments are measured at cost or fair value. These consist of bank balances, debtors and creditors. Debtors and creditors are measured at the undiscounted amount of cash value expected to be received or paid.
10.
Related party transactions
During the period the company entered into the following transactions with related parties:
|
Transaction value
|
Balance owed by/(owed to)
|
|
31 Dec 19
|
31 Jan 19
|
31 Dec 19
|
31 Jan 19
|
|
£
|
£
|
£
|
£
|
Eclipse Hotels Management Ltd
|
71,078
|
87,888
|
124,196
|
272,443
|
|
--------
|
--------
|
---------
|
---------
|
|
|
|
|
|
Both the companies have common directors and shareholders. The transaction value relates to Management fees, Revenue management, payroll, HR, IT and Training fees paid to the above named company.