Restaurant Flat Three Limited - Accounts to registrar (filleted) - small 17.3

Restaurant Flat Three Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 09052326(England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2017

for

Restaurant Flat Three Limited

Restaurant Flat Three Limited (Registered number: 09052326)

Contents of the Financial Statements
for the Year Ended 30 May 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Restaurant Flat Three Limited

Company Information
for the Year Ended 30 May 2017







DIRECTORS: G Moustakas
Mrs H J K Moustakas





SECRETARY: Turner Hampton Secretaries Limited





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 09052326(England and Wales)





ACCOUNTANTS: Turner Hampton
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Restaurant Flat Three Limited (Registered number: 09052326)

Balance Sheet
30 May 2017

30.5.17 30.5.16
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 481,979 521,994

CURRENT ASSETS
Inventories 12,037 15,050
Debtors 5 64,730 65,998
Cash at bank and in hand 18,910 21,745
95,677 102,793
CREDITORS
Amounts falling due within one year 6 (1,403,038 ) (1,160,167 )
NET CURRENT LIABILITIES (1,307,361 ) (1,057,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES (825,382 ) (535,380 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (825,384 ) (535,382 )
(825,382 ) (535,380 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 27 February 2018and were signed on its
behalf by:





Mrs H J K Moustakas- Director


Restaurant Flat Three Limited (Registered number: 09052326)

Notes to the Financial Statements
for the Year Ended 30 May 2017


1. STATUTORY INFORMATION

Restaurant Flat Three Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the term of the lease
Kitchen and restaurant equipment - 25% on cost

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

Taxation
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 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period
of the lease.

Going concern
The directors believe that the going concern basis is still applicable. The company is however reliant on
the continued financial support of the directors.

Restaurant Flat Three Limited (Registered number: 09052326)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11(2016 - 11) .

4. PROPERTY, PLANT AND EQUIPMENT
Kitchen
Improvements and
to restaurant
property equipment Totals
£    £    £   
COST
At 31 May 2016 514,027 65,496 579,523
Additions - 2,749 2,749
At 30 May 2017 514,027 68,245 582,272
DEPRECIATION
At 31 May 2016 25,701 31,828 57,529
Charge for year 25,702 17,062 42,764
At 30 May 2017 51,403 48,890 100,293
NET BOOK VALUE
At 30 May 2017 462,624 19,355 481,979
At 30 May 2016 488,326 33,668 521,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.17 30.5.16
£    £   
Other debtors 63,000 63,000
Prepayments and accrued income 1,730 2,998
64,730 65,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.17 30.5.16
£    £   
Social security and other taxes 3,708 3,796
VAT 3,699 6,265
Directors' current accounts 1,394,156 1,148,092
Accruals and deferred income 1,475 2,014
1,403,038 1,160,167

7. FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A).

Neither the opening equity, nor the profit or loss were affected as a result of the transition from UK GAAP
to FRS 102 (Section 1A).