Noura Central Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04173478 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Noura Central Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr N Bou Antoun

Mrs J A Bou Antoun

Mr M H Bou Antoun

SECRETARY:

Mr N M Bou Antoun

REGISTERED OFFICE:

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

REGISTERED NUMBER:

04173478 (England and Wales)

ACCOUNTANTS:

Merali's Chartered Accountants

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Noura Central Limited for the year ended 31 May 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Noura Central Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Noura Central Limited and state those matters that we have agreed to state to the Board of Directors of Noura Central Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Noura Central Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Noura Central Limited. You consider that Noura Central Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Noura Central Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Merali's Chartered Accountants

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

24 February 2017

FIXED ASSETS

Tangible assets

2

47,691

56,156

CURRENT ASSETS

Stocks

16,763

22,045

Debtors

226,803

221,192

Cash at bank and in hand

33,351

31,163

276,917

274,400

CREDITORS

Amounts falling due within one year

(1,550,531

)

(433,803

)

NET CURRENT LIABILITIES

(1,273,614

)

(159,403

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,225,923

)

(103,247

)

CREDITORS

Amounts falling due after more than one
year

3

-

(1,105,789

)

NET LIABILITIES

(1,225,923

)

(1,209,036

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(1,226,923

)

(1,210,036

)

SHAREHOLDERS' FUNDS

(1,225,923

)

(1,209,036

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 February 2017 and were signed on its behalf
by:

Mr N Bou Antoun - 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.

Turnover

Turnover represents all receipts recorded in the daily till reports, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

Straight line over 8 years

Fixtures and fittings

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is accounted for in respect of temporary differences arising from differences between the carrying

amount of assets and liabilities in the financial statements and the corresponding tax basis used in the

computation of taxable profit. In principle, deferred tax liabilities are recognised for all taxable temporary

differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be

available against which deductible temporary differences can be utilised.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

Although the short term loans and trade creditors have resulted in significant deficit in net current liabilities, the

majority of the loans are related party loans i.e. Noura Brasseries Ltd and Segern Holding SAL who have both

confirmed their financial and non financial support to the company as and when needed. The other third party

liabilities liabilities are not significant in this purpose.

After making enquiries with other fellow directors and senior officials of the company, the directors have formed

a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the

Group has adequate resources to continue to be in operational existence for the foreseeable future.

For the above reason, the directors continue to adopt the going concern basis in preparing these financial

statements.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

92,023

DEPRECIATION

At 1 June 2015

35,867

Charge for year

8,465

At 31 May 2016

44,332

NET BOOK VALUE

At 31 May 2016

47,691

At 31 May 2015

56,156

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31/5/16

31/5/15

£

Repayable otherwise than by instalments

-

478,552

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

1,000

Ordinary

1

1,000

5.	ULTIMATE PARENT COMPANY

The immediate parent company is Noura Catering Limited, a company incorporated in England and Wales by

virtue of 100% shareholdings in the company.

Segern Holding SAL, a company incorporated in Lebanon is the ultimate parent company by virtue of holding

100% share capital of Noura Catering Limited.

The ultimate controlling party is Carine George Samaha, by virtue of holding 99.83% of the issued share capital

of Segern Holding SAL.