THE_26_RESTAURANT_LIMITED - Accounts

THE 26 RESTAURANT LIMITED - Company Information

Print Friendly Version

Company Registration No. 08978531 (England and Wales)

THE 26 RESTAURANT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

THE 26 RESTAURANT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE 26 RESTAURANT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

152,847

Current assets

Stocks

9,249

Debtors

11,411

Cash at bank and in hand

116,623

137,283

Creditors: amounts falling due within one year

(283,248)

Net current liabilities

(145,965)

Total assets less current liabilities

6,882

Creditors: amounts falling due after more than one year

(80,000)

(73,118)

Capital and reserves

Called up share capital

Profit and loss account

(73,120)

Shareholders' funds

(73,118)

For the financial period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 September 2015

Mr P R Cornwell

Director

Company Registration No. 08978531

THE 26 RESTAURANT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis which assumes the continuing availability of bank finance and the continuing support of the director. The financial statements do not include any adjustments that would result from a withdrawal of this support.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance basis and 33% on cost

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 4 April 2014

Additions

161,515

Disposals

(500)

At 31 December 2014

161,015

Depreciation

At 4 April 2014

Charge for the period

8,168

At 31 December 2014

8,168

Net book value

At 31 December 2014

152,847

Creditors: amounts falling due after more than one year

2014

Total amounts repayable by instalments which are due in more than five years

65,083

The aggregate amount of creditors for which security has been given amounted to £80,000.

THE 26 RESTAURANT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

During the period, 2 ordinary shares of £1 each were allotted and fully paid for cash at par.

Ultimate parent company

The ultimate parent company is I'll Be Mother Limited, a company registered in England and Wales.