REGISTERED NUMBER: 06193928 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

COBRA RESTAURANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

M Bradley

S N Coates

SECRETARY:

L A Bradley

REGISTERED OFFICE:

Bluefish House

46 High Street

Hurstpierpoint

West Sussex

BN6 9RG

REGISTERED NUMBER:

06193928 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey LLP

Chartered Accountants & Business Advisers

20 Havelock Road

HASTINGS

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

2

26,767

32,423

Tangible assets

3

250,038

252,610

276,805

285,033

CURRENT ASSETS

Stocks

13,718

12,867

Debtors

119,790

66,748

Cash at bank and in hand

119,581

139,874

253,089

219,489

CREDITORS

Amounts falling due within one year

4

387,164

316,982

NET CURRENT LIABILITIES

(134,075

)

(97,493

)

TOTAL ASSETS LESS CURRENT LIABILITIES

142,730

187,540

CREDITORS

Amounts falling due after more than one year

4

135,413

203,835

NET ASSETS/(LIABILITIES)

7,317

(16,295

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

7,217

(16,395

)

SHAREHOLDERS' FUNDS

7,317

(16,295

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2015 and were signed on its behalf by:

M Bradley - Director

S N Coates - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the sale of food and beverages in the restaurants recognised at the point of sale to the

customer, excluding value added tax.

Intangible fixed assets

Intangible assets, being the cost of acquiring franchises, are being written off on a straight line basis over the

term of the franchise being ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

56,557

AMORTISATION

At 1 April 2014

24,134

Amortisation for year

5,656

At 31 March 2015

29,790

NET BOOK VALUE

At 31 March 2015

26,767

At 31 March 2014

32,423

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

817,283

Additions

48,743

Disposals

(27,025

)

At 31 March 2015

839,001

DEPRECIATION

At 1 April 2014

566,430

Charge for year

34,602

Eliminated on disposal

(12,069

)

At 31 March 2015

588,963

NET BOOK VALUE

At 31 March 2015

250,038

At 31 March 2014

250,853

4.

CREDITORS

Creditors include an amount of £ 191,949 (31.3.14 - £ 264,833 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cobra Restaurants Limited for the year ended 31 March 2015 which comprise the Profit and Loss

Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cobra 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 Cobra Restaurants Limited and state those matters that we have agreed to state to the Board of Directors of Cobra Restaurants Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cobra 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 Cobra Restaurants Limited. You consider that Cobra 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 Cobra 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.

Ashdown Hurrey LLP

Chartered Accountants & Business Advisers

20 Havelock Road

HASTINGS

East Sussex

TN34 1BP

25 November 2015