REGISTERED NUMBER: 03673970 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014

FOR

REMOVECODE LIMITED

T/A

THE FALCON MANOR HOTEL

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P M Atherton

Mrs K S Russell

SECRETARY:

Mrs K S Russell

REGISTERED OFFICE:

Falcon Manor Hotel

Skipton Road

Settle

North Yorkshire

BD24 9BD

REGISTERED NUMBER:

03673970 (England and Wales)

ACCOUNTANTS:

Cromack & Co Limited

Accountants

29 High Street

Morley

Leeds

West Yorkshire

LS27 9AL

FIXED ASSETS

Intangible assets

2

12,917

15,417

Tangible assets

3

421,565

436,501

434,482

451,918

CURRENT ASSETS

Stocks

2,500

6,931

Debtors

5,073

18,530

Cash at bank and in hand

4,881

14,783

12,454

40,244

CREDITORS

Amounts falling due within one year

4

41,369

46,701

NET CURRENT LIABILITIES

(28,915

)

(6,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

405,567

445,461

CREDITORS

Amounts falling due after more than one year

4

554,882

525,765

CAPITAL AND RESERVES

Called up share capital

5

370,000

370,000

Profit and loss account

(519,315

)

(450,304

)

SHAREHOLDERS' FUNDS

(149,315

)

(80,304

)

405,567

445,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 July 2014 and were signed on its behalf by:

Mr P M Atherton - Director

Mrs K S Russell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis, which is dependent on the continuing financial

support provided by the directors through their loan accounts as included in other creditors due in more than

one year. No allowance has been made for the adjustments that would be necessary to write down the assets

and liabilities to their estimated realisable values should this support be discontinued.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

Straight line over 15 years

Freehold land is not depreciated.

Stocks

Stocks, comprising food and drink, are valued at cost.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

50,000

AMORTISATION

At 1 February 2013

34,583

Amortisation for year

2,500

At 31 January 2014

37,083

NET BOOK VALUE

At 31 January 2014

12,917

At 31 January 2013

15,417

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

994,995

DEPRECIATION

At 1 February 2013

558,494

Charge for year

14,936

At 31 January 2014

573,430

NET BOOK VALUE

At 31 January 2014

421,565

At 31 January 2013

436,501

4.

CREDITORS

Creditors include an amount of £ 344,379 (31.1.13 - £ 347,852 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.1.14

31.1.13

£

£

Repayable by instalments

147,676

182,552

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

370,000

Ordinary

£1

370,000

370,000