Salvador Bloomsbury Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08202371 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SALVADOR BLOOMSBURY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C O'Donovan

Mr E H Y Yu

REGISTERED OFFICE:

368 Forest Road

London

E17 5JF

REGISTERED NUMBER:

08202371 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,934

15,638

CURRENT ASSETS

Stocks

17,091

12,309

Debtors

105,696

61,268

Cash at bank and in hand

50,926

44,631

173,713

118,208

CREDITORS

Amounts falling due within one year

340,239

228,419

NET CURRENT LIABILITIES

(166,526

)

(110,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,592

)

(94,573

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

(152,692

)

(94,673

)

SHAREHOLDERS' FUNDS

(152,592

)

(94,573

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 September 2017 and were signed on its behalf by:

Mr E H Y Yu - Director

1.	STATUTORY INFORMATION

Salvador Bloomsbury Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

21,766

DEPRECIATION

At 1 January 2016

6,128

Charge for year

1,704

At 31 December 2016

7,832

NET BOOK VALUE

At 31 December 2016

13,934

At 31 December 2015

15,638

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 January 2016

(94,673

)

Deficit for the year

(58,019

)

At 31 December 2016

(152,692

)

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed by group companies:

£12,474 by Bengred Ltd (2015: owed £8),

£29,956 by Fastman Ltd (2015: £459),

£6,215 by Cherrywood Restaurants Ltd (2015: £Nil).

The company owed to group companies:

£50,560 to Exxo Restaurants Ltd (2015: £14,126),

£43,990 to Twiglet Restaurants Ltd (2015: £10,725).

The company was owed by the connected undertakings:

£14,702 by Opium Chinatown Ltd (2015: £14,702),

£133 by Maison Soho Ltd (2015: owed £2,969).

The company owed to the connected undertakings:

£78,776 to Opium Dim Sum Ltd (2015: £47,529),

£30,019 toy Lulu Restaurants Ltd (2015: £Nil).

8.	ULTIMATE CONTROLLING PARTY

Mr EH Yu and Mr C O'Donovan, directors, equally own the entire issued share capital of the parent

company.

9.	CONNECTED COMPANIES

A company having the same or predominantly the same shareholders and/or Board of Directors but

which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities

between such companies have been at arms length.

10.	GOING CONCERN

As at the balance sheet date, there was a shareholder's deficit of £152,592 (2015: £94,573), the

company having made losses of £58,019 (2015: £29,623). The company continues with the support of

the holding company and its subsidiaries who will not allow any of the creditors to suffer under the

circumstances.