Curzon Grill Limited - Period Ending 2015-05-31

Registration number: 04433935

Curzon Grill Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

Curzon Grill Limited
(Registration number: 04433935)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			102,942			105,178
Current assets
Stocks					800			900
Debtors					11,194			799
Cash at bank and in hand					6,499			82,395
					18,493			84,094
Creditors: Amounts falling due within one year					(33,285)			(32,894)
Net current (liabilities)/assets					(14,792)			51,200
Total assets less current liabilities					88,150			156,378
Provisions for liabilities					(7,229)			(7,597)
Net assets					80,921			148,781
Capital and reserves
Called up share capital		3			62			62
Profit and loss account					80,859			148,719
Shareholders' funds					80,921			148,781

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Curzon Grill Limited
(Registration number: 04433935)
Abbreviated Balance Sheet at 31 May 2015
......... continued

For the year ending 31 May 2015 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 28 September 2015

.........................................
Mr S Tunstall
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Curzon Grill Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% reducing balance basis
Equipment	10% reducing balance basis
Furniture and crockery	10% reducing balance basis

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

Curzon Grill Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		149,666			149,666
Additions		2,177			2,177
At 31 May 2015		151,843			151,843
Depreciation
At 1 June 2014		44,488			44,488
Charge for the year		4,413			4,413
At 31 May 2015		48,901			48,901
Net book value
At 31 May 2015		102,942			102,942
At 31 May 2014		105,178			105,178

 

Page 4

Curzon Grill Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2
Ordinary A shares of £1 each		20			20			20			20
Ordinary B shares of £1 each		20			20			20			20
Ordinary C shares of £1 each		20			20			20			20
		62			62			62			62

Page 5