Salvador Bloomsbury Ltd - Accounts to registrar (filleted) - small 18.2

Salvador Bloomsbury Ltd - Accounts to registrar (filleted) - small 18.2

SALVADOR BLOOMSBURY LTD - Company Information

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REGISTERED NUMBER: 08202371 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SALVADOR BLOOMSBURY LTD

SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,179 12,444

CURRENT ASSETS
Stocks 5 12,245 13,705
Debtors 6 206,927 126,488
Cash at bank and in hand 58,680 90,274
277,852 230,467
CREDITORS
Amounts falling due within one year 7 722,330 493,938
NET CURRENT LIABILITIES (444,478 ) (263,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(432,299
)
(251,027
)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (432,399 ) (251,127 )
SHAREHOLDERS' FUNDS (432,299 ) (251,027 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2019 and were signed on
its behalf by:



C O'Donovan - Director


The notes form part of these financial statements

Page 1
SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. STATUTORY INFORMATION

Salvador Bloomsbury Ltd is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address are as below:

Registered number: 08202371

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Improvements to property - straight line over the life of the lease
Fixtures and fittings - 15% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, 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 statement of financial position date.


Page 2 continued...
SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2017 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2018 6,975 14,791 21,766
Additions - 1,228 1,228
At 31 December 2018 6,975 16,019 22,994
DEPRECIATION
At 1 January 2018 1,395 7,927 9,322
Charge for year 279 1,214 1,493
At 31 December 2018 1,674 9,141 10,815
NET BOOK VALUE
At 31 December 2018 5,301 6,878 12,179
At 31 December 2017 5,580 6,864 12,444

5. STOCKS
31.12.18 31.12.17
£    £   
Stocks 12,245 13,705

Page 3 continued...
SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 1,231 450
Amounts owed by group undertakings 138,351 68,052
Other debtors 67,345 57,986
206,927 126,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 54,104 48,722
Amounts owed to group undertakings 159,286 144,858
Taxation and social security 28,885 30,059
Other creditors 480,055 270,299
722,330 493,938

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.18 31.12.17
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Included in debtors is the amount of £138,351 (2017: £68,052) due from group companies.
Included in creditors is the amount of £159,286 (2017: £144,858) due to group companies.

Included in other debtors is the amount of £14,702 (2017: £14,702) due from connected companies.
Included in other creditors is the amount of £453,290 (2017: £241,693) due to connected companies.

The company paid £130,738 (2017: £119,295) rent and service charges to a group company.

Group companies:
Exxo Restaurants Ltd
Bengred Ltd
Fastman Ltd
Twiglet Restaurants Ltd
Cherrywood Restaurants Ltd

Connected companies :
Opium Chinatown Ltd
Maison Soho Ltd
Opium Dim Sum Ltd
Lulu Restaurants Ltd

Mr EH Yu and Mr C O'Donovan, directors, equally own the entire issued share capital of the parent
company.

Page 4 continued...
SALVADOR BLOOMSBURY LTD (REGISTERED NUMBER: 08202371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


10. CONNECTED COMPANIES

A company having the same or predominantly the same shareholders and/or Board of Directors but
which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities
between such companies have been at arms length.

11. GOING CONCERN

As at the balance sheet date, there was a shareholder's deficit of £432,299 (2017: £251,027), the
company having made losses of £181,272 (2017: £98,435). The company continues with the support
of the holding company and its subsidiaries who will not allow any of the creditors to suffer under the
circumstances.

Page 5