Registered number
09163274
Specialist Homestay Limited
Filleted Accounts
31 August 2019
Specialist Homestay Limited
Registered number: 09163274
Balance Sheet
as at 31 August 2019
Notes 2019 2018
£ £
Fixed assets
Investments 2 80,000 80,000
Current assets
Debtors 3 37 37
Creditors: amounts falling due within one year 4 (406,446) (399,745)
Net current liabilities (406,409) (399,708)
Net liabilities (326,409) (319,708)
Capital and reserves
Called up share capital 403 403
Profit and loss account (326,812) (320,111)
Shareholders' funds (326,409) (319,708)
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 members have 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.
Mark Dineley
Director
Approved by the board on 24 April 2020
Specialist Homestay Limited
Notes to the Accounts
for the year ended 31 August 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts have been prepared on the going concern basis owing to the continued support of the shareholders.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group and group accounts have not been prepared.
2 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2018 561,672
Provision for diminution in value
Brought forward (481,672)
Carried forward (481,672)
Net book value
At 31 August 2019 80,000
The investment was
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Doctor In The House Limited Ordinary 100 (194,837) (86,503)
3 Debtors 2019 2018
£ £
Other debtors 37 37
4 Creditors: amounts falling due within one year 2019 2018
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 47,723 46,108
Other creditors 358,723 353,637
406,446 399,745
5 Related party transactions
During the year, Doctor in the House Limited, the company's subsidiary, paid £1,615 (2018: £1,935) worth of expenses on behalf of the company. The current year and brought forward balance remain outstanding at year end, totalling £47,723 (2018: £46,108). The loan is unsecured, interest free and repayable on demand. The company received no dividends from its subsidiary during the year.
The Late Mr P Dineley and Mr R Rigby, shareholders of the company, loaned the company £279,720 and £9,990 respectively to fund the initial consideration for the purchase of the company's subsidiary. These loans carry interest at 5% per annum and are repayable on demand. The gross interest accrued for the current year was £5,187 (2018: £16,462) for the Late Mr P Dineley and £618 (2018: £588) for Mr R Rigby. Gross interest due for the current and previous period has been added to the total amount due.
6 Other information
Specialist Homestay Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lower Bridmore Farm
Berwick St. John
Nr Shaftesbury
Dorset
SP7 0HG
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