Templar Southwest Limited - Period Ending 2015-03-31

	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.
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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.

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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).

Creditors

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

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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

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