Registration number:
A Room With A View Ltd
for the Year Ended 31 March 2018
Chartered Accountants and Chartered Tax Advisers
2nd Floor
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
A Room With A View Ltd
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
A Room With A View Ltd
Company Information
Director |
Mr Stephen Bull |
Registered office |
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Accountants |
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Page 1 |
A Room With A View Ltd
Director's Report for the Year Ended 31 March 2018
The director presents his report and the financial statements for the year ended 31 March 2018.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is Hotel
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr Stephen Bull
Director
Page 2 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A Room With A View Ltd
for the Year Ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A Room With A View Ltd for the year ended 31 March 2018 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook
This report is made solely to the Board of Directors of A Room With A View Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A Room With A View Ltd and state those matters that we have agreed to state to the Board of Directors of A Room With A View Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Room With A View Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A Room With A View Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A Room With A View Ltd. You consider that A Room With A View Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A Room With A View Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Accountants and Chartered Tax Advisers
Stanford Gate
South Road
Brighton
East Sussex
BN1 6SB
Page 3 |
A Room With A View Ltd
(Registration number: 07721589)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
13,199 |
13,199 |
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Current assets |
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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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Provisions for 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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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Page 4 |
A Room With A View Ltd
(Registration number: 07721589)
Balance Sheet as at 31 March 2018
Approved and authorised by the
.........................................
Mr Stephen Bull
Director
Page 5 |
A Room With A View Ltd
Statement of Changes in Equity for the Year Ended 31 March 2018
Share capital |
Profit and loss account |
Total |
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At 1 April 2017 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 March 2018 |
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Share capital |
Profit and loss account |
Total |
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At 1 April 2016 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 31 March 2017 |
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Page 6 |
A Room With A View Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and Machinery |
25% reducing balance |
Fixtures and Fittings |
25% reducing balance |
Hire purchase leases
Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 7 |
A Room With A View Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Profit before tax |
Arrived at after charging/(crediting)
2018 |
2017 |
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Depreciation expense |
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Directors' remuneration
The director's remuneration for the year was as follows:
2018 |
2017 |
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Remuneration |
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Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Other property, plant and equipment |
Total |
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Cost or valuation |
||||
At 1 April 2017 |
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Additions |
- |
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At 31 March 2018 |
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Depreciation |
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At 1 April 2017 |
- |
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Charge for the year |
- |
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At 31 March 2018 |
- |
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Carrying amount |
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At 31 March 2018 |
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At 31 March 2017 |
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Included within the net book value of land and buildings above is £162,433 (2017 - £162,433) in respect of freehold land and buildings.
Page 8 |
A Room With A View Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
||
Cost or valuation |
||
At 1 April 2017 |
13,199 |
13,199 |
At 31 March 2018 |
13,199 |
13,199 |
Impairment |
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Carrying amount |
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At 31 March 2018 |
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13,199 |
Debtors |
2018 |
2017 |
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Trade debtors |
- |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
2017 |
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Due within one year |
|||
Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Other creditors |
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Dividends |
Final dividends paid
2018 |
2017 |
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Final dividend of £
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Page 9 |
A Room With A View Ltd
Notes to the Financial Statements for the Year Ended 31 March 2018
Related party transactions |
Transactions with directors |
2018 |
At 1 April 2017 |
Repayments by director |
At 31 March 2018 |
Mr Stephen Bull |
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(33,204) |
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( |
2017 |
At 1 April 2016 |
Repayments by director |
At 31 March 2017 |
Mr Stephen Bull |
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100,096 |
( |
( |
Page 10 |