Registration number:
Oban Queens Hotel limited
for the Period from 12 September 2017 to 31 March 2018
Suite 3, Second Floor
760 Eastern Avenue
Newbury Park
London
IG2 7HU
Oban Queens Hotel limited
Contents
Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Oban Queens Hotel limited
Company Information
Directors |
Mr Chidambaram Arumugam Mr Ravi Venkatraman Ms Monicca Nivetha Maran |
Registered office |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Oban Queens Hotel limited
for the Period 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 Oban Queens Hotel limited for the period ended 31 March 2018 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Oban Queens Hotel limited, 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 Oban Queens Hotel limited and state those matters that we have agreed to state to the Board of Directors of Oban Queens Hotel limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oban Queens Hotel limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oban Queens Hotel limited 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 Oban Queens Hotel limited. You consider that Oban Queens Hotel limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Oban Queens Hotel limited. 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.
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760 Eastern Avenue
Newbury Park
London
IG2 7HU
Page 2 |
Oban Queens Hotel limited
Statement of Comprehensive Income for the Period from 12 September 2017 to 31 March 2018
Note |
2018 |
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Profit for the period |
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Total comprehensive income for the period |
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Page 3 |
Oban Queens Hotel limited
(Registration number: 10959015)
Balance Sheet as at 31 March 2018
Note |
2018 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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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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Creditors: Amounts falling due after more than one year |
( |
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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 period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr Chidambaram Arumugam
Director
Page 4 |
Oban Queens Hotel limited
Statement of Changes in Equity for the Period from 12 September 2017 to 31 March 2018
Share capital |
Profit and loss account |
Total |
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Profit for the period |
- |
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Total comprehensive income |
- |
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New share capital subscribed |
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- |
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At 31 March 2018 |
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Page 5 |
Oban Queens Hotel limited
Notes to the Financial Statements for the Period from 12 September 2017 to 31 March 2018
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
Investment property
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 6 |
Oban Queens Hotel limited
Notes to the Financial Statements for the Period from 12 September 2017 to 31 March 2018
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.
Investment properties |
2018 |
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Additions |
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The freehold property was valued on an open market basis on 31st March 2018 by the directors.The
directors are of the opinion that there have not been any significant change in valuation since its acquisition
during the year.
There has been no valuation of investment property by an independent valuer.
Debtors |
Note |
2018 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Total current trade and other debtors |
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Creditors |
Note |
2018 |
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Due within one year |
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Other creditors |
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Due after one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Related party transactions |
Summary of transactions with parent
Summary of transactions with associates
Page 7 |