REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 28 February 2013 |
for |
Albion Restaurants |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 28 February 2013 |
for |
Albion Restaurants |
Albion Restaurants (Registered number: 00424951) |
Contents of the Financial Statements |
For The Year Ended 28 February 2013 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
Albion Restaurants |
Company Information |
For The Year Ended 28 February 2013 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Albion Restaurants |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which these unaudited financial statements (set out on pages three 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 Albion Restaurants for the year ended 28 February 2013 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 director of Albion Restaurants in accordance with the terms of our engagement letter |
dated 25 October 2006. Our work has been undertaken solely to prepare for your approval the financial statements of |
Albion Restaurants and state those matters that we have agreed to state to the director of Albion Restaurants 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 director for our work or for this report. |
It is your duty to ensure that Albion Restaurants 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 Albion Restaurants. You |
consider that Albion Restaurants 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 Albion Restaurants. 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 |
24 September 2013 |
Albion Restaurants (Registered number: 00424951) |
Balance Sheet |
28 February 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Revaluation reserve |
Profit and Loss Account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 were approved by the director on |
Albion Restaurants (Registered number: 00424951) |
Notes to the Financial Statements |
For The Year Ended 28 February 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
The company was dormant throughout the current year and previous year. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
The directors consider that freehold buildings and fixtures and fittings have been maintained in such a state of |
repair that their residual value is at least equal to their net book value. As a result, their corresponding |
depreciation would not be material and therefore is not charged to the profit and loss account. |
The directors perform annual impairment reviews in accordance with the requirements of FRS15 and FRS11 to |
ensure that carrying value is not lower than the recoverable amount. |
Revaluation of tangible fixed assets |
As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
April 2008) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The company |
will retain the book value of land and buildings, previously revalued at 23 March 1995 and will not update that |
valuation. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 March 2012 |
and 28 February 2013 |
DEPRECIATION |
At 1 March 2012 |
and 28 February 2013 |
NET BOOK VALUE |
At 28 February 2013 |
At 29 February 2012 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
Albion Restaurants (Registered number: 00424951) |
Notes to the Financial Statements - continued |
For The Year Ended 28 February 2013 |
4. | ULTIMATE PARENT COMPANY |
The company is a wholly owned subsidiary of Freyer Wilson Estates Limited, a company incorporated in the |
United Kingdom. |
The ultimate controlling party is J W Senior, a director of Freyer Wilson Estates Limited. |