Registered Number 08846771
JAMAICA INN BODMIN MOOR HOLDINGS LIMITED
Abbreviated Accounts
29 February 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
Investments | 4 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year | 5 |
( |
( |
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year | 5 |
( |
( |
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 6 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Asset class
Freehold buildings - 50 years straight line
Intangible assets amortisation policy
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Copyright is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Asset Class
Goodwill - 10 years straight line
Copyright - 10 years straight line
Other accounting policies
The financial statements have been prepared on a going concern basis. the company's ability to continue to trade is dependent upon the support of its directors. If this assumption proves to be inappropriate, then adjustments may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise and reclassify fixed assets as current assets.
Fixed Asset Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 29 February 2016 |
|
Amortisation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 29 February 2016 |
|
Net book values | |
At 29 February 2016 | 324,318 |
At 28 February 2015 | 364,846 |
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 29 February 2016 |
|
Depreciation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
|
At 29 February 2016 |
|
Net book values | |
At 29 February 2016 | 2,848,988 |
At 28 February 2015 | 2,352,686 |
4
Fixed assets Investments
The company has a subsidiary undertaking called Jamaica Inn Bodmin Moor Limited and has a 100% ordinary share holding in the subsidiary. The principal activity of the subsidiary is an Hotel.
The loss for the financial period of Jamaica Inn Bodmin Moor Limited was £10,439 and the aggregate amount of capital and reserves at the end of the period was (£68,634).
2016
£ |
2015
£ |
|
---|---|---|
Secured Debts |
|
|