Conon Chinese Scotland Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC521093 (Scotland)

Conon Chinese Scotland Limited

Abbreviated Unaudited Accounts

for the Period

24 November 2015 to 6 August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr G G Gibbons

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC521093 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

EH3 6AT

BANKERS:

Santander Business Banking

Bridle Road

Bootle

Liverpool

L30 4GB

CURRENT ASSETS

Cash at bank

6,884

CREDITORS

Amounts falling due within one year

16,382

NET CURRENT LIABILITIES

(9,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,498

)

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

(9,499

)

SHAREHOLDERS' FUNDS

(9,498

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 6 August 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 6 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 25 November 2016 and were signed by:

Mr G G Gibbons - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company has ceased trading and therefore the accounts have been prepared on a break-up

basis.

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).

Turnover and revenue recognition

Turnover, which represents net invoiced sales of goods exclusive of VAT, is recognised at the point

when a meal is served or delivered to the customer.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Hire purchase and 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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .