The Newtonmore Grill Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC326332 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

The Newtonmore Grill Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B M J Fraser

Ms H Fraser

SECRETARY:

Jordan Company Secretaries Limited

REGISTERED OFFICE:

The Newtonmore Grill Company Limited

4th Floor

115 George Street

Edinburgh

EH2 4JN

REGISTERED NUMBER:

SC326332 (Scotland)

ACCOUNTANTS:

Peter Munro & Company

Chartered Certified Accountants

15-17 High Street

Kingussie

Inverness-shire

PH21 1HS

FIXED ASSETS

Tangible assets

2

270,939

276,902

CURRENT ASSETS

Stocks

3,113

3,150

Debtors

281

642

Cash at bank and in hand

2,792

1,878

6,186

5,670

CREDITORS

Amounts falling due within one year

103,287

102,314

NET CURRENT LIABILITIES

(97,101

)

(96,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

173,838

180,258

CREDITORS

Amounts falling due after more than one year

3

(134,956

)

(151,503

)

PROVISIONS FOR LIABILITIES

(2,073

)

(1,943

)

NET ASSETS

36,809

26,812

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

36,709

26,712

SHAREHOLDERS' FUNDS

36,809

26,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 March 2015 and were signed on its behalf by:

B M J Fraser - Director

1.	ACCOUNTING POLICIES

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).

Turnover

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

Tangible fixed assets

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

Heritable property

-

2.5% on cost

Equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

331,843

Additions

2,538

At 30 June 2014

334,381

DEPRECIATION

At 1 July 2013

54,941

Charge for year

8,501

At 30 June 2014

63,442

NET BOOK VALUE

At 30 June 2014

270,939

At 30 June 2013

276,902

3.

CREDITORS

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

30.6.14

30.6.13

£

£

Repayable otherwise than by instalments

70,956

87,503

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100