EC Papers September 2017

QUORN GRANGf HOTEL MANAGEMENT ACCOUNTS BALANCE SHEET

Hotel As at

Hotel As at

Hotel As at

Hotel As at

Hotel As at

Hotel As at

Hotel As at

BALANCE SHEET

31-Jul-17

30-Jun-17

30-May-17 30-Apr-17 31-Mar-17 28-Feb-17 31-Jan-17

Fixed Assets Furniture and Fixtures

227,406 218,155

230,400 221,646

218,934 225,137

217,729 228,628

219,160 221,155 224,149 232,119 235,611 239,102

Refurbishments

Investments

2 0

2

2

2

2

2

2

New build

11,508 463,556

Total Fixed Assets

445,563

444,073

446,359

451,281 456,768 463,253

Current Assets Food Stock

4,371 8,176

6,316 6,333

4,547 3,895

4,153 3,434

5,104 3,862

4,742 4,920

4,653 5,820

Liqour Stock

Debtors

40,712 97,896 39,446

45,621 100,444 45,428 (89,673) (125,652)

47,950 111,247 51,430 (87,466) (125,652)

62,677 91,763 56,926

46,836 51,225 91,763 91,763 61,833 19,475 (79,271) (94,392) (125,652) (125,652)

39,563 91,763 22,801

Other Debtors Prepayments

Due to/from Hotel & Nursery Due to GFTU Educational Trust

(93,500) (125,652)

(96,482) (125,652)

(101,310) (85,507)

Bad Debt Provision

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Due to/from GFTU Pension Scheme

GFTU

(264,500)

(274,500)

(284,500)

(294,500)

(294,500) (294,500)

(294,536)

Cash at Bank

66,127

61,434

24,694

59,307

21,317

4,287 1,406

30,938

Petty Cash

1,404

1,407

1,406

1,406

1,406

1,406

Total Current Assets

(225,522)

(222,844)

(252,449)

(236,969)

(267,302) (336,726)

(284,409)

Current Liabilities Trade Creditors

167,766 16,685

188,338 16,976

156,833 19,153

151,853 17,984

140,395 90,858 18,441 23,639

91,113 21,111

Accruals

Other Creditors Deposits Held

406

406

366

366

366

366

366

92,274 13,351 69,032

109,811 13,428 49,440

98,412 17,033 31,204

99,649 13,183 55,609

98,524 68,433 12,683 13,802 40,953 25,021

68,124 13,399 54,421

PAYE & NIC Payable

VAT Liability

Provision for Liabilities Total Current Liabilities

2,152

2,152

2,152

2,152

2,152

2,152

2,152

(361,666)

(380,552)

(325,153)

(340,795)

(313,619) (224,375)

(250,790)

Creditors due > 1 Year Intercompany Loans

(508,719)

(508,719)

(508,719)

(508,719)

(508,719) (508,719)

(508,719)

Net Assets

(650,345)

(648,559)

(642,248)

(640,124)

(638,359) (613,053)

(580,664)

Capital & Reserves Share Capital P & L Account Reserves b/fwd Charge for period

2

2

2

2

2

2

2

(529,100) (121,247) (650,345)

(529,100) (119,461) (648,559)

(529,100) (113,150) (642,248)

(529,100) (111,026) (640,124)

(529,100) (529,100) (109,261) (83,955) (638,359) (613,053)

(529,100) (51,567) (580,664)