SRNB (UK) Limited - Period Ending 2019-12-31

SRNB (UK) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2019

Registration number: 09513087

SRNB (UK) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

SRNB (UK) Limited

Company Information

Directors

Mr J A Davey Mrs C Whelan

Company secretary

Le Ville Secretaries Limited

Registered office

Restaurant MCR Podium 2 Tower 12 The Avenue North Spinningfields Manchester M3 3BZ

Accountants

PKF BBA Ltd Beachside Business Centre Rue du Hocq St Clement, Jersey Channel Islands JE2 6LF

Page 1

SRNB (UK) Limited

Balance Sheet

31 December 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	-	403,488
Current assets
Debtors	5	-	11,717
Cash at bank and in hand		141	1,203
		141	12,920
Creditors: Amounts falling due within one year	6	(1,250)	(430,144)
Net current liabilities		(1,109)	(417,224)
Net liabilities		(1,109)	(13,736)
Capital and reserves
Called up share capital		1,000	1,000
Other reserves		1,542,895	1,542,895
Profit and loss account		(1,545,004)	(1,557,631)
Total equity		(1,109)	(13,736)

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

SRNB (UK) Limited

Balance Sheet

31 December 2019

For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 June 2020 and signed on its behalf by:
 

......................................... Mr J A Davey Director

Company Registration Number: 09513087

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

SRNB (UK) Limited

Notes to the Financial Statements

Year Ended 31 December 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Restaurant MCR Podium 2
Tower 12 The Avenue North
Spinningfields
Manchester
M3 3BZ

These financial statements were authorised for issue by the Board on 4 June 2020.

2	Accounting policies

Statement of compliance

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.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

Going concern

The company ceased to trade on 31 December 2019 and will subsequently be wound up, the accounts have therefore not been prepared on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tax

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 by the balance sheet date.

Tangible assets

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line

Page 4

SRNB (UK) Limited

Notes to the Financial Statements

Year Ended 31 December 2019

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2018 - 0).

4	Tangible assets

	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 January 2019	403,488	403,488
Additions	10,821	10,821
Disposals	(414,309)	(414,309)
At 31 December 2019	-	-
Depreciation
Carrying amount
At 31 December 2019	-	-
At 31 December 2018	403,488	403,488

5

Debtors

	2019 £	2018 £
Other debtors	-	11,717
	-	11,717

Page 5

SRNB (UK) Limited

Notes to the Financial Statements

Year Ended 31 December 2019

6

Creditors

Creditors: amounts falling due within one year

	2019 £	2018  £
Due within one year
Trade creditors	-	40,934
Amounts due to group undertakings	-	386,267
Social security and other taxes	-	872
Other creditors	1,250	2,071
	1,250	430,144

7	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Page 6