REGISTERED NUMBER: 09052326 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 May 2017

for

Restaurant Flat Three Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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 2018 and were signed on its behalf by:

Mrs H J K Moustakas - Director

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.

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).