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REGISTERED NUMBER: 09571307 (England and Wales)















Unaudited Financial Statements

for the Period

1 October 2016 to 31 December 2017

for

Flat Cap Hotels Limited

Flat Cap Hotels Limited (Registered number: 09571307)

Contents of the Financial Statements
for the Period 1 October 2016 to 31 December 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Flat Cap Hotels Limited

Company Information
for the Period 1 October 2016 to 31 December 2017







DIRECTORS: D Heywood
O Heywood





REGISTERED OFFICE: The Vicarage
Knutsford Road
Cranage
Holmes Chapel
Cheshire
CW4 8EF





REGISTERED NUMBER: 09571307 (England and Wales)





ACCOUNTANTS: Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH

Flat Cap Hotels Limited (Registered number: 09571307)

Abridged Balance Sheet
31 December 2017

31.12.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,114,337 488,136
Investments 5 101 101
1,114,438 488,237

CURRENT ASSETS
Debtors 37,858 -
Cash at bank 72 -
37,930 -
CREDITORS
Amounts falling due within one year 535,358 482,102
NET CURRENT LIABILITIES (497,428 ) (482,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,010

6,135

CREDITORS
Amounts falling due after more than one year - (4,516 )

PROVISIONS FOR LIABILITIES (115,328 ) -
NET ASSETS 501,682 1,619

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 6 491,663 -
Retained earnings 10,018 1,618
501,682 1,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

Flat Cap Hotels Limited (Registered number: 09571307)

Abridged Balance Sheet - continued
31 December 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2018 and were signed on its behalf by:





D Heywood - Director


Flat Cap Hotels Limited (Registered number: 09571307)

Notes to the Financial Statements
for the Period 1 October 2016 to 31 December 2017


1. STATUTORY INFORMATION

Flat Cap Hotels Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make estimates, judgements and assumptions that
affect the amounts reported. These judgements and estimates are continually reviewed and are based on experience and
other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% on reducing balance and 10% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and
impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income
and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously
recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other
comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves
in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital
and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Flat Cap Hotels Limited (Registered number: 09571307)

Notes to the Financial Statements - continued
for the Period 1 October 2016 to 31 December 2017


2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of
the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing
transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a
similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of
each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss
immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are
assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of
similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a
carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not
previously been recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated
where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable
amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group
of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other
assets or groups of assets.

Flat Cap Hotels Limited (Registered number: 09571307)

Notes to the Financial Statements - continued
for the Period 1 October 2016 to 31 December 2017


2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable
that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be
estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an
expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date
and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would
be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss
unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present
value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance
costs in profit or loss in the period it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2016 542,200
Additions 89,656
Revaluations 484,695
At 31 December 2017 1,116,551
DEPRECIATION
At 1 October 2016 54,064
Charge for period 70,446
Revaluation adjustments (122,296 )
At 31 December 2017 2,214
NET BOOK VALUE
At 31 December 2017 1,114,337
At 30 September 2016 488,136

Cost or valuation at 31 December 2017 is represented by:

Totals
£   
Valuation in 2017 484,695
Cost 631,856
1,116,551

Flat Cap Hotels Limited (Registered number: 09571307)

Notes to the Financial Statements - continued
for the Period 1 October 2016 to 31 December 2017


4. TANGIBLE FIXED ASSETS - continued

If the plant and machinery had not been revalued they would have been included at the following historical cost:

31.12.17 30.9.16
£    £   
Cost 631,856 542,200

The directors carried out a revaluation at fair value of the plant and machinery held by the company as at 31 December
2017 based on current market value.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2016
and 31 December 2017 101
NET BOOK VALUE
At 31 December 2017 101
At 30 September 2016 101

6. RESERVES
Revaluation
reserve
£   
Revaluation of plant and machinery 491,663

At 31 December 2017 491,663

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Flat Cap Hotels Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors
are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Flat Cap Hotels Limited for the period ended 31 December 2017 which comprise the Income Statement, Abridged
Balance Sheet, Statement of Changes in Equity and the related notes 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/rulebook.

This report is made solely to the Board of Directors of Flat Cap Hotels Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flat Cap Hotels Limited and state those matters that we have agreed to state to the Board of Directors of Flat Cap Hotels 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/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flat Cap Hotels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Flat Cap Hotels Limited. You consider that Flat Cap Hotels 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 financial statements of Flat Cap Hotels 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 financial statements.






Hardy & Company (Hyde) Ltd
Chartered Certified Accountants
Onward Chambers
34 Market Street
Hyde
Cheshire
SK14 1AH


17 October 2018