Oriental Gourmet Restaurants Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07785032 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Oriental Gourmet Restaurants Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs P H Leongwang

REGISTERED OFFICE:

39, Gerrard Street

London

W1D 5QD

REGISTERED NUMBER:

07785032 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

36,150

CURRENT ASSETS

Debtors

457,561

503,565

Cash at bank

460

29

458,021

503,594

CREDITORS

Amounts falling due within one year

62,403

588,524

NET CURRENT ASSETS/(LIABILITIES)

395,618

(84,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

395,618

(48,780

)

CREDITORS

Amounts falling due after more than one year

438,955

-

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(43,338

)

(48,781

)

SHAREHOLDER FUNDS

(43,337

)

(48,780

)

395,618

(48,780

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Financial Position for the year ended 30 September 2017 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 director on 8 November 2017 and were signed by:

Mrs P H Leongwang - Director

1.	STATUTORY INFORMATION

Oriental Gourmet Restaurants Limited 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.

Plant and machinery

-

20% on cost

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

Going concern

The financial statements have been prepared on the going concern basis, on the understanding that the director

and shareholder will continue to financially support the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

and 30 September 2017

190,300

DEPRECIATION

At 1 October 2016

154,150

Charge for year

36,150

At 30 September 2017

190,300

NET BOOK VALUE

At 30 September 2017

-

At 30 September 2016

36,150

5.

LOANS

An analysis of the maturity of loans is given below:

30.9.17

30.9.16

£

£

Amounts falling due within one year or on demand:

Bank loans

-

405,090

Amounts falling due between one and two years:

Other loans - 1-2 years

438,955

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank loans

-

405,090

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 October 2016

(48,781

)

Profit for the year

5,443

At 30 September 2017

(43,338

)

9.	FIRST YEAR ADOPTION

Transitional relief

On transition to FRS 102, the company has taken advantage of the following transitional relief:

•

not to apply the requirements of Section 19 Business Combinations and Goodwill;

•

not to apply the requirements of Section 26 Share-based Payment;

•

to measure fair value at date of transition to FRS 102 and use as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

-

an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18 Intangible Assets other than Goodwill;

•

to use a previous GAAP revaluation as deemed cost on:

-

an item of property, plant and equipment;

-

an investment property;

-

an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18 Intangible Assets other than Goodwill;

•

to measure investment in subsidiaries, associates and joint ventures at cost determined in accordance with Section 9 Consolidated and Separate Financial Statements, Section 14 Investments in Associates or Section 15 Investments in Joint Ventures;

•

not to apply the requirement of paragraph 22.13 in respect of compound financial instruments;

•

not to apply the requirements of paragraphs 34.12E to 34.16A in respect of service concession agreements;

•

to take elections available for extractive activities;

•

to determine existence of leases on basis of existing facts and circumstances;

•

to measure decommissioning liabilities included in cost of property, plant and equipment at date of transition to FRS 102;

•

to retain accounting policies for reported assets, liabilities and equity measurement at date of transition to FRS 102 for dormant companies;

•

to measure carrying amount of deferred development costs at date of transition to FRS 102 as deemed cost;

•

to treat date of transition to FRS 102 as date on which capitalisation of borrowing costs commences;

•

not to apply the requirements of paragraphs 20.15A to 20.25A in respect of lease incentives;

•

to measure assets and liabilities of subsidiaries, associates and joint ventures at the carrying amounts that would be included in the parent's consolidated financial statements; carrying amounts required by FRS 102 other than those that would be included in the parent's consolidated financial statements;

•

to designate previously recognised financial instruments at fair value through profit or loss provided criteria in paragraph 11.14b are met at date of transition to FRS 102.