JOE_ALLEN_RESTAURANTS_LIM - Accounts

CAPCO CG WELLINGTON (JAR) LIMITED - Company Information

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Company Registration No. 01273184 (England and Wales)

JOE ALLEN RESTAURANTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

JOE ALLEN RESTAURANTS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 6

JOE ALLEN RESTAURANTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JOE ALLEN RESTAURANTS LIMITED FOR THE YEAR ENDED 31 JULY 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 6 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 Joe Allen Restaurants Limited for the year ended 31 July 2016 set out on pages 3 to 10 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, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Joe Allen Restaurants Limited, as a body, in accordance with the terms of our engagement letter dated 3 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Joe Allen Restaurants Limited and state those matters that we have agreed to state to the Board of Directors of Joe Allen Restaurants 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 Joe Allen Restaurants Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Joe Allen Restaurants 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 profit of Joe Allen Restaurants Limited. You consider that Joe Allen Restaurants 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 Joe Allen Restaurants 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.

Nunn Hayward

24 February 2017

Chartered Accountants

63 - 67 Kingston Road

New Malden

Surrey

KT3 3PB

JOE ALLEN RESTAURANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

73,015

75,392

Investments

999

74,014

76,391

Current assets

Stocks

26,736

29,820

Debtors

378,669

327,146

Cash at bank and in hand

547,348

498,720

952,753

855,686

Creditors: amounts falling due within one year

(448,648)

(527,937)

Net current assets

504,105

327,749

Total assets less current liabilities

578,119

404,140

Creditors: amounts falling due after more than one year

(181,959)

(392,569)

396,160

11,571

Capital and reserves

Called up share capital

329,197

Profit and loss account

66,963

(317,626)

Shareholders' funds

396,160

11,571

JOE ALLEN RESTAURANTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

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For the financial year ended 31 July 2016 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 year 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 24 February 2017

L Hartley

Director

Company Registration No. 01273184

JOE ALLEN RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

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).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT, and is recognised on delivery of the goods and services to the customer.

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 term of the lease

Plant and machinery

15% on cost

Computer equipment

25% on cost

Fixtures, fittings & equipment

10% on cost

Motor vehicles

25% on cost

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

JOE ALLEN RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 5 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 August 2015

561,854

999

562,853

Additions

12,048

Disposals

(13,886)

At 31 July 2016

560,016

999

561,015

Depreciation

At 1 August 2015

486,461

On disposals

(13,886)

Charge for the year

14,426

At 31 July 2016

487,001

Net book value

At 31 July 2016

73,015

999

74,014

At 31 July 2015

75,392

999

76,391

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Orso Restaurants Limited

Ordinary

99.90

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Orso Restaurants Limited

Restaurateurs

29,159

(772)

Share capital

2016

2015

Allotted, called up and fully paid

329,197 Ordinary shares of £1 each

329,197

JOE ALLEN RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 6 -

Ultimate parent company

The ultimate parent company is Joe Allen Holdings Limited, a company incorporated in England.