UEI Restaurants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07325381 (England and Wales)

UEI RESTAURANTS LIMITED

T/A

BAKU RESTAURANT

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Bougourd

Breton Limited

REGISTERED OFFICE:

3500 Parkway

Whiteley

Fareham

Hampshire

PO15 7AL

REGISTERED NUMBER:

07325381 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,470,762

2,835,848

CURRENT ASSETS

Debtors

814,864

920,052

Cash at bank and in hand

205,139

2,000

1,020,003

922,052

CREDITORS

Amounts falling due within one year

1,419,316

1,550,912

NET CURRENT LIABILITIES

(399,313

)

(628,860

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,071,449

2,206,988

CREDITORS

Amounts falling due after more than one year

9,157,995

7,158,835

NET LIABILITIES

(7,086,546

)

(4,951,847

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(7,086,548

)

(4,951,849

)

SHAREHOLDERS' FUNDS

(7,086,546

)

(4,951,847

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 December 2015 and were signed on its behalf by:

S Bougourd - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The unaudited financial statements have been prepared on a going concern basis notwithstanding the fact that the

company has deficiency on shareholders fund at the period end. The directors consider this basis to be

appropriate as the company has ongoing financial support from its' main shareholder of the company to fund

working capital requirements.

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 services, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following

bases:

Leasehold improvements - Straight line over the lease term

Office furniture and fittings - 20% on cost

Computer equipment - 33% on cost

Deferred tax

Deferred tax is provided in respect of the tax effect of all timing differences at the rate expected to apply when

the timing differences reverse. Deferred tax assets are recognised to the extent that the directors consider these

amounts recoverable.

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 January 2014

3,670,639

Reclassification/transfer

(27,760

)

At 31 December 2014

3,642,879

DEPRECIATION

At 1 January 2014

834,791

Charge for year

341,557

Charge written back

(4,231

)

At 31 December 2014

1,172,117

NET BOOK VALUE

At 31 December 2014

2,470,762

At 31 December 2013

2,835,848

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary Share

£1

2

2