Camino Restaurants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08695873 (England and Wales)

Financial Statements

for the Period 27th November 2017 to 25th November 2018

for

Camino Restaurants Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

N A Foster

R H Bigg

T J Taylor

Ms E A Sevil

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

08695873 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

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 Camino Restaurants Limited for the period ended 25th November 2018 which comprise the

Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Camino Restaurants 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 Camino Restaurants Limited and state those matters that we have agreed to state to the Board of Directors of Camino Restaurants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Camino Restaurants Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Camino Restaurants 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 Camino Restaurants Limited. You consider that Camino Restaurants 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 Camino Restaurants 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.

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

22nd August 2019

FIXED ASSETS

Tangible assets

4

2,446,046

3,292,961

Investments

5

5

6

2,446,051

3,292,967

CURRENT ASSETS

Stocks

69,565

78,967

Debtors

6

726,226

917,352

Cash at bank and in hand

341,396

466,280

1,137,187

1,462,599

CREDITORS

Amounts falling due within one year

7

3,226,833

3,855,694

NET CURRENT LIABILITIES

(2,089,646

)

(2,393,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

356,405

899,872

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

356,404

899,871

SHAREHOLDERS' FUNDS

356,405

899,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25th November 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 25th November 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 22nd August 2019 and were signed on its behalf by:

T J Taylor - Director

1.	STATUTORY INFORMATION

Camino Restaurants 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Camino Restaurants Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company is exempt under

Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it

and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its

parent, Camino Leisure Holdings Limited, .

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 20% on cost and over the period of life of the lease

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 129 (2017 - 129 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27th November 2017

4,576,308

Additions

148,662

Impairments

(1,031,471

)

At 25th November 2018

3,693,499

DEPRECIATION

At 27th November 2017

1,283,347

Charge for period

473,991

Impairments

(509,885

)

At 25th November 2018

1,247,453

NET BOOK VALUE

At 25th November 2018

2,446,046

At 26th November 2017

3,292,961

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 27th November 2017

6

Impairments

(1

)

At 25th November 2018

5

NET BOOK VALUE

At 25th November 2018

5

At 26th November 2017

6

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

525,096

529,644

Other debtors and prepayments

201,130

387,708

726,226

917,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

536,233

593,731

Amounts owed to group undertakings

2,077,016

2,531,801

Taxation and social security

245,577

296,971

Other creditors and accruals

368,007

433,191

3,226,833

3,855,694

8.	CONTINGENT LIABILITY

A debenture with BGF Nominees Limited was created on 19 April 2017 and contains a fixed and floating charge

on the assets of Camino Leisure Holdings Limited and its subsidiaries.