THE_COFFEE_HOUSE_(LONDON) - Accounts

THE COFFEE HOUSE LONDON LIMITED - Company Information

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Company Registration No. 09398331 (England and Wales)

THE COFFEE HOUSE (LONDON) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

THE COFFEE HOUSE (LONDON) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE COFFEE HOUSE (LONDON) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

72,172

Current assets

Debtors

6,127

Cash at bank and in hand

5,022

11,149

Creditors: amounts falling due within one year

(142,599)

Net current liabilities

(131,450)

Total assets less current liabilities

(59,278)

Capital and reserves

Called up share capital

100

Profit and loss account

(59,378)

Shareholders' funds

(59,278)

For the financial period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 18 October 2016

P Connolly

R Diesel

Director

Company Registration No. 09398331

THE COFFEE HOUSE (LONDON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 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 January 2015).

These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from the majority shareholder and managing director.

The directors have received assurances from the director that existing liabilities will not be called upon until The Coffee House (London) Limited is in a position to repay them. In addition, indications have been given that continued funding will be provided to support The Coffee House (London) Limited for the foreseeable future and to enable it to meet its day-to-day commitments from cash flows.

As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. In view of the above, and at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Revenue is recognised on the sale of goods and on the provision of the service.

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:

Land and buildings Leasehold

over the period of the lease to 28 February 2027

Fixtures, fittings & equipment

20% reducing balance basis

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

THE COFFEE HOUSE (LONDON) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 20 January 2015

Additions

81,023

At 31 December 2015

81,023

Depreciation

At 20 January 2015

Charge for the period

8,851

At 31 December 2015

8,851

Net book value

At 31 December 2015

72,172

Share capital

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

During the year 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.