|
|
REGISTERED NUMBER:
|
|
|
Kazan Restaurants Limited |
|
Abridged Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
Kazan Restaurants Limited |
|
Abridged Unaudited Financial Statements |
|
for the Year Ended 31 March 2017 |
|
|
|
|
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 31 March 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Accountants' Report | 2 |
|
Abridged Statement of Financial Position | 3 |
|
Notes to the Financial Statements | 5 |
|
Kazan Restaurants Limited |
|
Company Information |
for the year ended 31 March 2017 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
239-241 Kennington Lane |
London |
SE11 5QU |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Kazan Restaurants Limited |
|
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Statement of Financial Position. Readers are cautioned that the Abridged |
Income Statement and certain other primary statements and the Report of the Directors are not |
required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Kazan Restaurants Limited for the year ended 31 March 2017 which |
comprise the Abridged Statement of Income and Retained Earnings, Abridged Statement of Financial |
Position and the related notes from the company's accounting records and from information and explanations |
you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the Board of Directors of Kazan Restaurants Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kazan Restaurants Limited and state those matters that we have agreed to state to the Board of Directors of Kazan Restaurants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kazan Restaurants Limited and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Kazan Restaurants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kazan Restaurants Limited. You consider that Kazan Restaurants Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Kazan Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
239-241 Kennington Lane |
London |
SE11 5QU |
|
|
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Abridged Statement of Financial Position |
31 March 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Property, plant and equipment | 5 |
|
|
|
|
|
CURRENT ASSETS |
Inventories |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
6 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
|
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Abridged Statement of Financial Position - continued |
31 March 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 9 |
|
|
Retained earnings | 10 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Notes to the Financial Statements |
for the year ended 31 March 2017 |
|
1. | STATUTORY INFORMATION |
|
Kazan Restaurants Limited is a
|
The company's registered number and registered office address can be found on the Company |
Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
|
Turnover is recognised when the customer takes delivery of the order and is generated from the |
ordinary activities of the company. |
|
Goodwill |
|
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Improvements to property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Cost is determined on first in first out basis. Net realisable value is the amount to be realised from sale |
of stock less any cost to sell. |
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
|
2. | ACCOUNTING POLICIES - continued |
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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position 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 |
In the directors' assessment of the company's ability to continue as a going concern, there are no |
material uncertainties that may cast significant doubt about the company's ability to continue as a |
going concern. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
|
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
|
AMORTISATION |
At 1 April 2016 |
|
Amortisation for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
|
At 31 March 2017 |
|
At 31 March 2016 |
|
|
5. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1 April 2016 |
|
Additions |
|
At 31 March 2017 |
|
DEPRECIATION |
At 1 April 2016 |
|
Charge for year |
|
At 31 March 2017 |
|
NET BOOK VALUE |
At 31 March 2017 |
|
At 31 March 2016 |
|
|
6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS |
2017 | 2016 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 65,931 | 89,610 |
Kazan Restaurants Limited (Registered number: 07462617) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2017 | 2016 |
£ | £ |
Bank loans |
|
|
|
There is a guarantee of £200,000 by Bilent Hassan and Levent Hassan (who jointly hold 100% |
shareholding of the company) in respect of the above loan. |
|
8. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 27,219 | 33,027 |
|
Deferred |
tax |
£ |
Balance at 1 April 2016 |
|
Credit to Abridged Income Statement during year | ( |
) |
Balance at 31 March 2017 |
|
|
9. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
10. | RESERVES |
Retained |
earnings |
£ |
|
At 1 April 2016 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 March 2017 |
|
Kazan Restaurants Limited (Registered number: 07462617) |
|
Notes to the Financial Statements - continued |
for the year ended 31 March 2017 |
|
11. | RELATED PARTY DISCLOSURES |
|
Mr L Hassan |
Director & 50% shareholder of the company |
|
During the year, the company paid dividends of £35,000 to Mr L Hassan. |
|
There was an amount due to at balance sheet date of £2,334 (2016: 236). |
|
|
Mr B Hassan |
Director & 50% shareholder of the company |
|
During the year, the company paid dividends of £35,000 to Mr B Hassan. |
|
There was an amount due to at balance sheet date of £2,334 (2016: £236). |
|
|
The House Café (London) Limited |
Mr B Hassan is a 100% shareholder of the company |
|
Amount due from related party at balance sheet date of £17,403 (2016: £11,038). |
|
|
Atay Limited |
Mr L Hassan is a 100% shareholder of the company |
|
Amount due from related party at balance sheet date of £91,719 (2016: £2,640). |