Registered number
13696557
Fletton Quays Hotel Operations Limited
Filleted Accounts
30 June 2022
Fletton Quays Hotel Operations Limited
Registered number: 13696557
Balance Sheet
as at 30 June 2022
Notes 2022
£
Fixed assets
Tangible assets 3 791
Current assets
Debtors 4 74,110
Creditors: amounts falling due within one year 5 (155,087)
Net current liabilities (80,977)
Net liabilities (80,186)
Capital and reserves
Profit and loss account (80,186)
Shareholder's funds (80,186)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Colin T Sandy
Director
Approved by the board on 21 October 2023
Fletton Quays Hotel Operations Limited
Notes to the Accounts
for the period from 21 October 2021 to 30 June 2022
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Office Equipment
£
Cost
Additions 1,055
At 30 June 2022 1,055
Depreciation
Charge for the period 264
At 30 June 2022 264
Net book value
At 30 June 2022 791
4 Debtors 2022
£
Amounts owed by group undertakings 74,110
5 Creditors: amounts falling due within one year 2022
£
Trade creditors 1,006
Amounts owed to group undertakings 151,190
Taxation and social security costs 2,891
155,087
6 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Included within debtors is an amount of £74,110 owed by group undertakings.
Included within creditors is an amount of £151,190 owed to group undertakings.
7 Controlling party
The ultimate controlling party is Propiteer Limited.
8 Other information
Fletton Quays Hotel Operations Limited is a private company limited by shares and incorporated in England. The registered office is:
Olivers Barn
Maldon Road
Witham
Essex
CM8 3HY
Fletton Quays Hotel Operations Limited 13696557 false 2021-10-21 2022-06-30 2022-06-30 VT Final Accounts April 2022 Colin T Sandy No description of principal activity 13696557 2021-10-21 2022-06-30 13696557 bus:PrivateLimitedCompanyLtd 2021-10-21 2022-06-30 13696557 bus:AuditExempt-NoAccountantsReport 2021-10-21 2022-06-30 13696557 bus:Director40 2021-10-21 2022-06-30 13696557 1 2021-10-21 2022-06-30 13696557 2 2021-10-21 2022-06-30 13696557 countries:England 2021-10-21 2022-06-30 13696557 bus:FRS102 2021-10-21 2022-06-30 13696557 bus:FullAccounts 2021-10-21 2022-06-30 13696557 2022-06-30 13696557 core:WithinOneYear 2022-06-30 13696557 core:RetainedEarningsAccumulatedLosses 2022-06-30 13696557 2021-10-20 iso4217:GBP xbrli:pure