Registered Number 07174581
THE RED HOUSE AT KNIPTON LTD
Abbreviated Accounts
31 October 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
( |
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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
Fixtures, fittings and equipment - 25% reducing balance
Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Going concern
The company is reliant upon the continuing support of creditors including the brewery.
Controlling interest
The company is controlled by Mr K and Mrs S Bartsch by virtue of the fact that together they own 80% of the issued share capital.
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Amortisation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 2,286 |
At 31 October 2013 | 2,743 |
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
|
Disposals |
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Revaluations |
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Transfers |
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At 31 October 2014 |
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Depreciation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 October 2014 |
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Net book values | |
At 31 October 2014 | 18,920 |
At 31 October 2013 | 14,244 |
5 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 November 2013: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | £ |
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Balance at 31 October 2014: | £ |
Maximum amount outstanding in year £40,630
Interest of £1,052 (2013: £884) has been charged at the beneficial loan rate of 4% to 5th April 2014 and 3.25% from 6th April 2014.
Included in creditors are amounts owing to Mr K Bartsch of £1,978 (2013: £4,646) and Mrs S Bartsch of £3,093 (2013: £3,318).