Mayfair Summer Ltd Accounts

MAYFAIR SUMMER LIMITED - Company Information






Mayfair Summer Ltd
	Company No. 09625200
		Information for Filing with The Registrar
		30 June 2018

The Directors present their report and the accounts for the year ended 30 June 2018.

Principal activities
The principal activity of the company during the year under review was unlicensed restaurants and cafes.




Directors

The Directors who served at any time during the year were as follows:

A. Login
A. Login
E. Logina

































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E. Logina
Director
11 March 2019

at	30 June 2018
Company No.		09625200	Notes	2018	2017
				£	£
Fixed assets

	Tangible assets		3	7,865	7,510


				7,865	7,510
Current assets

	Debtors		4	15,555	15,959

	Cash at bank and in hand			6,571	6,784
				22,126	22,743
Creditors: Amount falling due within one year			5	(8,309)	(3,987)
Net current assets				13,817	18,756
Total assets less current liabilities				21,682	26,266
Creditors: Amounts falling due after more than one year			6	(8,307)	(17,965)



Net assets				13,375	8,301

Capital and reserves
	Called up share capital			3	3



	Profit and loss account		7	13,372	8,298

Total equity				13,375	8,301


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 2018 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 11 March 2019
And signed on its behalf by:
E. Logina
Director

for the year ended 30 June 2018

Accounting policies

Basis of preparation

The accounts have been prepared 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) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Straight line

Furniture, fittings and equipment

33% Straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2	Employees
			2018	2017
			Number	Number
		The average number of persons employed during the year :	4	2

3	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 July 2017	8,825	-	8,825
		Additions	1,995	758	2,753



		At 30 June 2018	10,820	758	11,578
		Depreciation
		At 1 July 2017	1,315	-	1,315
		Charge for the year	2,169	229	2,398



		At 30 June 2018	3,484	229	3,713
		Net book values
		At 30 June 2018	7,336	529	7,865
		At 30 June 2017	7,510	-	7,510

4	Debtors
			2018	2017
			£	£
		Trade debtors	381	-





		Other debtors	15,000	15,959
		Prepayments and accrued income	174	-
			15,555	15,959

5	Creditors:
		amounts falling due within one year
			2018	2017
			£	£




		Trade creditors	3,530	2,638

		Corporation tax	1,107	210
		Other taxes and social security	2,992	579


		Accruals and deferred income	680	560
			8,309	3,987

6	Creditors:
		amounts falling due after more than one year
			2018	2017
			£	£






		Other creditors	8,307	17,965

			8,307	17,965

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Additional information

Its registered number is:

09625200

Its registered office is:

46-48 Shepherd Market

London

W1J 7QS