HENLEY_RESTAURANTS_LIMITE - Accounts

HENLEY RESTAURANTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 05164655 (England and Wales)

HENLEY RESTAURANTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

HENLEY RESTAURANTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HENLEY RESTAURANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

369,886

406,292

Investments

369,888

406,294

Current assets

Stocks

10,180

16,680

Debtors

52,530

13,128

Cash at bank and in hand

2,662

8,705

65,372

38,513

Creditors: amounts falling due within one year

(271,542)

(317,259)

Net current liabilities

(206,170)

(278,746)

Total assets less current liabilities

163,718

127,548

Creditors: amounts falling due after more than one year

(11,219)

Provisions for liabilities

(12,109)

(12,225)

151,609

104,104

Capital and reserves

Called up share capital

100

Profit and loss account

151,509

104,004

Shareholders' funds

151,609

104,104

HENLEY RESTAURANTS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 22 December 2016

B Islam

Director

Company Registration No. 05164655

HENLEY RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 January 2015).

These accounts have been prepared under the going concern concept. Although they show net liabilities the director considers that action has been taken to assist the company to be profitable and that it will be able to trade out of its present position with the continued support of its director.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Improvements to property

- 5% on cost

Plant and machinery

- 25% on reducing balance

Fixtures, fittings & equipment

- 10% on reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

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

1.7

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.8

Deferred taxation

Deferred taxation is is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

1.9

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

HENLEY RESTAURANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

819,792

819,794

Additions

6,141

At 31 March 2016

825,933

825,935

Depreciation

At 1 April 2015

413,500

Charge for the year

42,547

At 31 March 2016

456,047

Net book value

At 31 March 2016

369,886

369,888

At 31 March 2015

406,292

406,294

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Feast Home Delivery Services Limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Feast Home Delivery Services Limited

sale of takeaway food and catering services

11,027

60,612

Share capital

2016

2015

Allotted, called up and fully paid

100 of £1 each

100