Company Registration No. 08347577 (England and Wales)
Norfolk Mead Hotel Limited
Unaudited accounts
for the year ended 31 January 2019
Norfolk Mead Hotel Limited
Unaudited accounts
Contents
Norfolk Mead Hotel Limited
Company Information
for the year ended 31 January 2019
Directors
J P Holliday
A Duttson
Company Number
08347577 (England and Wales)
Registered Office
Norfolk Mead Hotel Church Loke
Coltishall
Norwich
NR12 7DN
Norfolk Mead Hotel Limited
Statement of financial position
as at
31 January 2019
Intangible assets
110,000
110,000
Debtors
1,032,066
657,350
Cash at bank and in hand
112,872
163,038
Creditors: amounts falling due within one year
(220,353)
(157,217)
Net current assets
924,585
663,171
Net assets
1,034,585
773,171
Called up share capital
100
100
Profit and loss account
1,034,485
773,071
Shareholders' funds
1,034,585
773,171
For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 1 August 2019.
J P Holliday
Director
Company Registration No. 08347577
Norfolk Mead Hotel Limited
Notes to the Accounts
for the year ended 31 January 2019
Norfolk Mead Hotel Limited is a private company, limited by shares, registered in England and Wales, registration number 08347577. The registered office is Norfolk Mead Hotel Church Loke, Coltishall, Norwich, NR12 7DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Norfolk Mead Hotel Limited
Notes to the Accounts
for the year ended 31 January 2019
4
Intangible fixed assets
Goodwill
At 1 February 2018
110,000
At 31 January 2019
110,000
At 31 January 2019
110,000
At 31 January 2018
110,000
Trade debtors
5,946
14,289
Amounts due from group undertakings etc.
1,026,120
643,061
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
52,641
33,254
Taxes and social security
122,360
89,001
Other creditors
34,509
33,860
Loans from directors
643
1,102
The company is controlled by NMH Properties Ltd, a company registered in England and Wales.
8
Average number of employees
During the year the average number of employees was 35 (2018: 31).