WAPPING_RESTAURANTS_LIMIT - Accounts

WAPPING RESTAURANTS LIMITED - Company Information

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Company Registration No. 03796531 (England and Wales)

WAPPING RESTAURANTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

WAPPING RESTAURANTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WAPPING RESTAURANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

5,401

28,914

5,401

28,914

Creditors: amounts falling due within one year

(344,899)

(313,044)

Total assets less current liabilities

(339,498)

(284,130)

Capital and reserves

Called up share capital

Profit and loss account

(339,500)

(284,132)

Shareholders' funds

(339,498)

(284,130)

For the financial year ended 31 March 2015 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 December 2015

I James

M Michalowska

Director

Company Registration No. 03796531

WAPPING RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the basis that the company is no longer a going concern as the directors took the decision to cease to trade with effect from 23 December 2013.

1.2

Turnover

Turnover represents amounts receivable from the sale of food and beverages net of VAT.

Income is recognised at the point of sale when the goods are transferred to the customer.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% on reducing balance

Creditors: amounts falling due within one year

HSBC Bank holds a debenture secured against the fixed and floating assets of the company.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Ultimate parent company

The ultimate parent is Womens Playhouse Trust, a charitable company limited by guarantee, incorporated in England and Wales.

There is no ultimate controlling party.