REGISTERED NUMBER: |
Corniche Hotels Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
REGISTERED NUMBER: |
Corniche Hotels Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
Corniche Hotels Limited (Registered number: 03007459) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Corniche Hotels Limited |
Company Information |
for the year ended 31 March 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
Corniche Hotels Limited (Registered number: 03007459) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Corniche Hotels Limited (Registered number: 03007459) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | Statutory information |
Corniche Hotels Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
These financial statements for the year ended 31 March 2023 are the first financial statements of Corniche Hotels Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 April 2022. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
Cash and cash equivalents |
Cash and cash equivalents are basic financial assets and include cash in bank and hand. |
Fixed asset investments |
Investment in shares are included at cost less impairment. |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
Basic financial assets |
Basic financial assets, which include debtors are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised. |
Basic financial liabilities |
Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. |
3. | Employees and directors |
The average number of employees during the year was |
Corniche Hotels Limited (Registered number: 03007459) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
4. | Fixed asset investments |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
Cost or valuation |
At 1 April 2022 | 81,025 |
Revaluations | 2,614 |
At 31 March 2023 | 83,639 |
Net book value |
At 31 March 2023 | 83,639 |
At 31 March 2022 | 81,025 |
Cost or valuation at 31 March 2023 is represented by: |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
Valuation in 2023 | 2,614 | - | 2,614 |
Cost | 53,050 | 27,975 | 81,025 |
55,664 | 27,975 | 83,639 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Other creditors |