Company Registration No. 09349808 (England and Wales)
City Retreat Leicester
Filleted accounts
for the year ended 31 December 2016
City Retreat Leicester
Filleted accounts
Contents
City Retreat Leicester
Company Information
for the year ended 31 December 2016
Directors
Mr Timothy Johnathan Chambers
Mr Mohammed Shafi Chowdhury
Ms Monowara Gani
Mr Zahid Sheikh
Mr Mohamed Yunus Vhora
Company Number
09349808 (England and Wales)
Registered Office
74 Church Gate
Leicester
LE1 4AL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
City Retreat Leicester
Statement of financial position
as at
31 December 2016
Tangible assets
8,000
12,000
Cash at bank and in hand
3,898
2,500
Creditors: amounts falling due within one year
(8,530)
(10,000)
Net current liabilities
(4,632)
(7,500)
Profit and loss account
3,368
4,500
Members' funds
3,368
4,500
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 September 2017.
Mr Mohamed Yunus Vhora
Director
Company Registration No. 09349808
City Retreat Leicester
Notes to the Accounts
for the year ended 31 December 2016
City Retreat Leicester is a private company, limited by guarantee, registered in England and Wales, registration number 09349808. The registered office and principal place of business is 74 Church Gate, Leicester, LE1 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
City Retreat Leicester
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 31 December 2016
16,000
Charge for the year
4,000
At 31 December 2016
8,000
At 31 December 2016
8,000
At 31 December 2015
12,000
5
Creditors: amounts falling due within one year
2016
2015
Other creditors
8,530
7,000
6
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7
Average number of employees
During the year the average number of employees was 6 (2015: 6).