Oxford Campus Buttery Ltd Accounts

OXFORD CAMPUS BUTTERY LIMITED - Company Information






Oxford Campus Buttery Ltd
	Company No. 07365727
		Abbreviated Accounts
		30 April 2016

at	30 April 2016

Company No.		07365727	Notes	2016	2015
				£	£
Fixed assets
	Intangible assets		2	14,000	17,500
	Tangible assets		2	941,956	932,385

				955,956	949,885
Current assets
	Stocks			3,513	4,278
	Debtors			23,510	34,106

	Cash at bank and in hand			22,500	9,302
				49,523	47,686
Creditors: Amounts falling due within one year			3	(272,691)	(272,363)
Net current liabilities				(223,168)	(224,677)
Total assets less current liabilities				732,788	725,208
Creditors: Amounts falling due after more than one year				(881,161)	(888,970)



Net liabilities				(148,373)	(163,762)

Capital and reserves
	Called up share capital		4	2	2



	Profit and loss account			(148,375)	(163,764)

Shareholders' funds				(148,373)	(163,762)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 30 April 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 24 January 2017

And signed on its behalf by:

J.E. Moss
Director
24 January 2017

for the year ended 30 April 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of hotel accommodation and restaurant services to customers.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold buildings

0% Asset not depreciated

Motor vehicles

25% Reducing balance

Furniture, fittings and equipment

25% Reducing balance

Integral features and new website costs are included within fixtures, fittings and equipment. Integral features are depreciated on a 10% reducing balance basis and the new website is depreciated over 5 years.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable.

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 May 2015	35,000	1,021,625	1,056,625
	Additions	-	23,138	23,138


	Disposals	-	(3,213)	(3,213)
	At 30 April 2016	35,000	1,041,550	1,076,550
	Amortisation
	At 1 May 2015	17,500	89,240	106,740
	Charge for the year	3,500	10,722	14,222


	Disposals	-	(368)	(368)
	At 30 April 2016	21,000	99,594	120,594
	Net book values
	At 30 April 2016	14,000	941,956	955,956
	At 30 April 2015	17,500	932,385	949,885

3	Creditors
		2016	2015
		£	£
	Liabilities repayable in more than five years after the balance sheet date
	Amount repayable by instalments	313,781	333,781

		313,781	333,781

	The aggregate amount of secured liabilities included within creditors	413,781	435,448

4	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary shares	1.00	2	2	2




				2	2