Southgate Restaurants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00765251 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Southgate Restaurants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs F John

Mrs M John

REGISTERED OFFICE:

C/O Arthur John & Co

43, High Street

Cowbridge

CF71 7YG

REGISTERED NUMBER:

00765251 (England and Wales)

ACCOUNTANTS:

Macey Owen Limited

5, Willow Walk

Cowbridge

Vale of Glamorgan

CF71 7EE

FIXED ASSETS

Investment property

2

600,000

600,000

CURRENT ASSETS

Debtors

2,760

3,053

Cash at bank

16,838

30,842

19,598

33,895

CREDITORS

Amounts falling due within one year

(10,230

)

(14,274

)

NET CURRENT ASSETS

9,368

19,621

TOTAL ASSETS LESS CURRENT LIABILITIES

609,368

619,621

CAPITAL AND RESERVES

Called up share capital

3

100

100

Revaluation reserve

584,459

584,459

Profit and loss account

24,809

35,062

SHAREHOLDERS' FUNDS

609,368

619,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 17 December 2016 and were signed on its behalf by:

Mrs F John - Director

Mrs M John - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Investment properties

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is

transferred to a revaluation reserve.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

600,000

NET BOOK VALUE

At 31 March 2016

600,000

At 31 March 2015

600,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

£

100

Ordinary

£1

100

100