UEI Restaurants Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07325381 (England and Wales)

UEI RESTAURANTS LIMITED

T/A

BAKU RESTAURANT

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N Heydarov

REGISTERED OFFICE:

15 Queen Anne's Gate

London

SW1H 9BU

REGISTERED NUMBER:

07325381 (England and Wales)

FIXED ASSETS

Tangible assets

2

2,835,848

3,193,262

CURRENT ASSETS

Debtors

920,052

990,734

Cash in hand

2,000

2,000

922,052

992,734

CREDITORS

Amounts falling due within one year

1,550,912

167,000

NET CURRENT (LIABILITIES)/ASSETS

(628,860

)

825,734

TOTAL ASSETS LESS CURRENT LIABILITIES

2,206,988

4,018,996

CREDITORS

Amounts falling due after more than one year

7,158,835

7,158,835

NET LIABILITIES

(4,951,847

)

(3,139,839

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(4,951,849

)

(3,139,841

)

SHAREHOLDERS' FUNDS

(4,951,847

)

(3,139,839

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 12 November 2014 and were signed by:

N Heydarov - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The unaudited financial statements have been prepared on a going concern basis notwithstanding the fact that the

company has deficiency on shareholders fund at the period end. The director considers this basis to be

appropriate as the company has ongoing financial support from its' director, who is the main shareholder of the

company, to fund working capital requirements over the next 12 months.

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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following

bases:

Leasehold improvements - Straight line over the lease term

Office furniture and fittings - 20% on cost

Computer equipment - 33% on cost

Deferred tax

Deferred tax is provided in respect of the tax effect of all timing differences at the rate expected to apply when

the timing differences reverse. Deferred tax assets are recognised to the extent that the directors consider these

amounts recoverable.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

3,670,639

DEPRECIATION

At 1 January 2013

477,377

Charge for year

357,414

At 31 December 2013

834,791

NET BOOK VALUE

At 31 December 2013

2,835,848

At 31 December 2012

3,193,262

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Share capital 1

£1

2

2