REGISTERED NUMBER: SC047171 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

ABG (CONTINENTAL) RESTAURANTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Bartolomei

Mrs G Di Meo

SECRETARY:

Mrs G Di Meo

REGISTERED OFFICE:

Suite 411

Baltic Chambers

50 Wellington Street

Glasgow

G2 6HJ

REGISTERED NUMBER:

SC047171 (Scotland)

ACCOUNTANTS:

SD Business Management

Suite 411 Baltic Chambers

50 Wellington Street

Glasgow

Strathclyde

G2 6HJ

FIXED ASSETS

Tangible assets

2

73,000

73,000

CURRENT ASSETS

Debtors

470

237

Cash at bank

2,640

3,284

3,110

3,521

CREDITORS

Amounts falling due within one year

2,120

2,207

NET CURRENT ASSETS

990

1,314

TOTAL ASSETS LESS CURRENT LIABILITIES

73,990

74,314

CAPITAL AND RESERVES

Called up share capital

3

99

99

Revaluation reserve

69,855

69,855

Profit and loss account

4,036

4,360

SHAREHOLDERS' FUNDS

73,990

74,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 12 January 2017 and were signed on its behalf by:

Mrs G Di Meo - Director

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 January 2015).

Turnover

Turnover represents the gross amount of rental income received.

Freehold property

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Deferred tax

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

the balance sheet date.

Properties

The company's properties are held for long term investment and in accordance with Statement of Standard

Accounting policy 19:

i)Investment properties are revalued annually and the aggregate surplus or deficit is transferred to a

revaluation reserve; and

ii) No depreciation or amortisation is provided in respect of heritable investment properties.

The requirement of the Companies Act 2006 is to depreciate all properties, but this conflicts with the

generally accepted accounting principle set out in SSAP 19. The directors consider that, as properties are

not held for consumption but for investment, to depreciate them would not give a true and fair view and

that it is necessary to adopt SSAP 19 in order to give a true and fair view. If the departure for the Act

had not been made, there would be no further depreciation accounted for as the property has been fully

depreciated.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

73,000

NET BOOK VALUE

At 30 June 2016

73,000

At 30 June 2015

73,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

99

Ordinary

£1

99

99