Tai Sun Oriental Group Limited - Period Ending 2017-04-30
Tai Sun Oriental Group Limited - Period Ending 2017-04-30
Registration number:
Tai Sun Oriental Group Limited
for the Year Ended 30 April 2017
Tai Sun Oriental Group Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Tai Sun Oriental Group Limited
(Registration number: 07651793)
Balance Sheet as at 30 April 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
F Wang
Director
Page 1 |
Tai Sun Oriental Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Page 2 |
Tai Sun Oriental Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 May 2016 |
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Provision |
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Carrying amount |
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At 30 April 2017 |
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At 30 April 2016 |
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Page 3 |
Tai Sun Oriental Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
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Ordinary |
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England and Wales |
The principal activity of Tai Sun Oriental Trading Limited is |
The principal activity of Oisoi Artisan Oriental Restaurants and Food Markets Ltd is |
The principal activity of Tai Sun Oriental Property Investments Limited is |
The principal activity of Tai Sun Oriental Cultural Communictaions Limited is |
The loss for the financial period of Tai Sun Oriental Trading Limited was £151,066 and the aggregate amount of capital and reserves at the end of the period was £454,801. |
The profit for the financial period of Oisoi Artisan Oriental Restaurants and Food Markets Ltd was £147,116 and the aggregate amount of capital and reserves at the end of the period was £1,231,067. |
Page 4 |
Tai Sun Oriental Group Limited
Notes to the Financial Statements for the Year Ended 30 April 2017
Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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Amounts owed to related parties |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2017 |
2016 |
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Non-current loans and borrowings |
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Other borrowings |
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2017 |
2016 |
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Current loans and borrowings |
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Other borrowings |
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Related party transactions |
Loans from related parties
2017 |
Subsidiary |
At start of period |
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2016 |
Subsidiary |
At start of period |
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Transition to FRS 102 |
Page 5 |