Templar Southwest Limited - Period Ending 2015-03-31

Templar Southwest Limited - Period Ending 2015-03-31


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Templar Southwest Limited
 

 
Unaudited Abbreviated Accounts
 
Year Ended 31 March 2015
 

 
Company Registration Number: 07119598

 

Templar Southwest Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 5

 

Templar Southwest Limited
Abbreviated Balance Sheet
31 March 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

2

   

4,348

   

5,798

 

Investments

 

2

   

121

   

138

 
   

   

4,469

   

5,936

 

Current assets

 

             

Debtors

 

   

330,640

   

254,505

 

Cash at bank and in hand

 

   

70,990

   

21,216

 
   

   

401,630

   

275,721

 

Creditors: Amounts falling due within one year

 

   

(7,092)

   

(12,117)

 

Net current assets

 

   

394,538

   

263,604

 

Net assets

 

   

399,007

   

269,540

 

Capital and reserves

 

             

Called up share capital

 

4

   

200

   

200

 

Profit and loss account

 

   

398,807

   

269,340

 

Shareholders' funds

 

   

399,007

   

269,540

 

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

 

Templar Southwest Limited
Abbreviated Balance Sheet
31 March 2015 ......... continued

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 15 December 2015 and signed on its behalf by:

Mr B J Knights
Director


Company Registration Number: 07119598

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

Templar Southwest Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the lease term or the useful life of the asset. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

 

Templar Southwest Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 April 2014

 

10,995

   

138

   

11,133

 

Disposals

 

-

   

(17)

   

(17)

 

At 31 March 2015

 

10,995

   

121

   

11,116

 

Depreciation

                 

At 1 April 2014

 

5,197

   

-

   

5,197

 

Charge for the year

 

1,450

   

-

   

1,450

 

At 31 March 2015

 

6,647

   

-

   

6,647

 

Net book value

                 

At 31 March 2015

 

4,348

   

121

   

4,469

 

At 31 March 2014

 

5,798

   

138

   

5,936

 

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

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Fresh Southwest Limited

United Kingdom

Ordinary Shares

21.00%

Development of Subway outlets throughout South West England

Subway Southwest Limited

United Kingdom

Ordinary Shares

100.00%

Cafeteria and takeaway services

The profit for the financial period of Fresh Southwest Limited was £257,879 and the aggregate amount of capital and reserves at the end of the period was £5,749.

The loss for the financial period of Subway Southwest Limited was £124,345 and the aggregate amount of capital and reserves at the end of the period was (£308,526).

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

Templar Southwest Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015 ......... continued

 

2015
£

   

2014
£

 

 

   

 

Amounts falling due within one year

 

-

   

2,088

 

4

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

200

   

200

   

200

   

200