Amarone Restaurants Limited - Accounts to registrar (filleted) - small 18.2
Amarone Restaurants Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
FOR |
AMARONE RESTAURANTS LIMITED |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AMARONE RESTAURANTS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
AUDITORS: |
169 West George Street |
Glasgow |
G2 2LB |
SOLICITORS: |
120 Bothwell Street |
Glasgow |
G2 7JL |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
BALANCE SHEET |
28 APRIL 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
1. | STATUTORY INFORMATION |
Amarone Restaurants Limited is a |
number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover shown in the Income Statement represents the value of all goods sold during the period at a selling price |
exclusive of Value Added Tax. Sales are recognised at the point at which the Company has fulfilled its contractual |
obligations to the customer. |
Tangible fixed assets |
Leasehold improvements | - |
Fixtures and fittings | - |
Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs |
of acquisition. |
Stocks |
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. Stock consists of food and beverage and is valued on a first-in, first-out basis. |
Financial instruments |
The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 |
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 period 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. |
Leasing commitments |
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, |
are charged against profits on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of |
the Company in an independently administered fund. Contributions to the Company's defined contribution scheme are |
charged to the Income Statement in the period in which they become payable. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | and |
improvements | fittings | Totals |
£ | £ | £ |
COST |
At 30 April 2018 |
Disposals | ( |
) | ( |
) | ( |
) |
At 28 April 2019 |
DEPRECIATION |
At 30 April 2018 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 28 April 2019 |
NET BOOK VALUE |
At 28 April 2019 |
At 29 April 2018 |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
8. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Other timing differences | 106,884 | - |
154,368 | 47,779 |
Deferred |
tax |
£ |
Balance at 30 April 2018 |
Provided during period |
Balance at 28 April 2019 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
AMARONE RESTAURANTS LIMITED (REGISTERED NUMBER: SC390597) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 APRIL 2018 TO 28 APRIL 2019 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | CONTINGENT LIABILITIES |
The Company has provided an inter company bank guarantee in respect of the bank loans of Windows Catering Company |
(West End) Limited. The total amount due by Windows Catering Company (West End) Limited at 28 April 2019 was |
£11,843,412 (2018: £11,540,296). Windows Catering Company (West End) Limited is a fellow subsidiary of Di Maggio's |
Group Limited. |
12. | RELATED PARTY DISCLOSURES |
The Company has taken advantage of the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard |
applicable in the UK and Republic of Ireland" not to disclose transactions with other wholly owned group companies as the |
Company is included in the consolidated financial statements of Di Maggio's Group Limited. |
No further transactions with related parties were undertaken such as are required to be disclosed under the provisions of |
Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and |
Republic of Ireland". |
13. | ULTIMATE CONTROLLING PARTY |
The Company was under the control of the holders of the ordinary share capital in the ultimate parent company, Di |
Maggio's Group Limited, throughout the current and prior period. No individual shareholder has a controlling interest. |
The Company is included by full consolidation in the consolidated financial statements of its ultimate parent, Di Maggio's |
Group Limited, registered in Scotland, at the same address as the Company, as detailed on the Company Information page. |
Copies of the consolidated financial statements are available from the Registrar of Companies, Companies House, |
Edinburgh Quay 2, 139 Fountainbridge, Edinburgh, EH3 9FF. |