Abbreviated Company Accounts - OPIUM CHINATOWN LTD

OPIUM CHINATOWN LTD - Company Information

08092361 OPIUM CHINATOWN LTD 2015-09-30 false 2014-10-01 2015-09-30 true 08092361 2014-10-01 2015-09-30 08092361 2015-09-30 08092361 2014-09-30 08092361 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 08092361 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 08092361

OPIUM CHINATOWN LTD

Abbreviated Accounts

30 September 2015

OPIUM CHINATOWN LTD Registered Number 08092361

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	183,259	196,382
Investments	3	100	100
		183,359	196,482
Current assets
Cash at bank and in hand		11,416	52,695
		11,416	52,695
Prepayments and accrued income		122,496	41,101
Creditors: amounts falling due within one year		(177,214)	(195,649)
Net current assets (liabilities)		(43,302)	(101,853)
Total assets less current liabilities		140,057	94,629
Creditors: amounts falling due after more than one year		-	(27,500)
Total net assets (liabilities)		140,057	67,129
Capital and reserves
Called up share capital	4	1,000	1,000
Share premium account		29,900	29,900
Profit and loss account		109,157	36,229
Shareholders' funds		140,057	67,129

For the year ending 30 September 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.

Approved by the Board on 22 June 2016

And signed on their behalf by:
C. O'DONOVAN, Director

OPIUM CHINATOWN LTD Registered Number 08092361

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% reducing balance

Other accounting policies
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities

Income From Group Undertakings
2015 2014
£ £
Income from group undertakings 100,000 50,000
=================================== ==============================

Related Party Transactions
The company was under the control of E.H. Yu and C O'Donovan throughout the current and previous year. E.H. Yu is managing director and majority shareholder

During the year indebtedness from Sugarloaf Restaurants Ltd (a connected company) totaling £40,000 was written off

The company's other Relate Parties "(RP)", as defined by the Financial Reporting Standard 8, the nature of the relationship and the extent of the transactions with them are summarised below:

Group Connected
Companies Companies
£ £

Rent receivable from RP 98,924 -
Amounts due from RP 77,467 30,000
Amounts due to RP - 151,699

Related Party Relationship

Group companies
Opium Dim Sum Limited

Connected companies
Fastman Limited
Bengred Limited
Salvador Bloomsbury Limited
Breakfast & Company Leisure Ltd

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8

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 has been at arm's length.

Comparatives
Where changes in presentation have been made comparative figures have been adjusted accordingly.

2Tangible fixed assets

	£
Cost
At 1 October 2014	229,984
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	229,984
Depreciation
At 1 October 2014	33,602
Charge for the year	13,123
On disposals	-
At 30 September 2015	46,725
Net book values
At 30 September 2015	183,259
At 30 September 2014	196,382

3Fixed assets Investments
INVESTMENTS

Total
£
COST
At 1 October 2014 and 30 September 2015 100
===============

NET BOOK VALUE
At 30 September 2015 and 30 September 2014 100
===============

The Financial information of subsidiary undertakings not consolidated is set out below:

Company Country of Class Shares held
Incorporation percentage

Opium Dim Sum Limited UK Ordinary 100%

The Financial information of subsidiary undertakings not consolidated is set out below:

Aggregate capital and reserves £

Opium Dim Sum Limited (Trading) (Year to 30.09.2015) 19,364

Profit and (loss) for the period £

Opium Dim Sum Limited (Trading) (Year to 30.09.2015) 92,459

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000