REGISTERED NUMBER: 05727713 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A & I Scoffs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Tagliamonti

REGISTERED OFFICE:

Finance Office

Costa Coffee

311-313 Collier Row Lane

Collier Row

Essex

RM5 3ND

REGISTERED NUMBER:

05727713 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Intangible assets

5

26,471

38,994

Tangible assets

6

562,755

46,942

Investments

7

1,507,176

1,507,176

2,096,402

1,593,112

CURRENT ASSETS

Debtors

8

1,355,891

1,874,641

Prepayments and accrued income

5,746

3,865

Cash at bank and in hand

57,918

60,296

1,419,555

1,938,802

CREDITORS

Amounts falling due within one year

9

1,398,541

1,283,175

NET CURRENT ASSETS

21,014

655,627

TOTAL ASSETS LESS CURRENT LIABILITIES

2,117,416

2,248,739

CREDITORS

Amounts falling due after more than one year

10

(2,088,827

)

(2,220,485

)

PROVISIONS FOR LIABILITIES

(2,982

)

(7,657

)

NET ASSETS

25,607

20,597

CAPITAL AND RESERVES

Called up share capital

200,100

200,100

Retained earnings

(174,493

)

(179,503

)

SHAREHOLDERS' FUNDS

25,607

20,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 director on 29 September 2017 and were signed by:

A Tagliamonti - Director

1.	STATUTORY INFORMATION

A & I Scoffs Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2015 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

89,590

AMORTISATION

At 1 January 2016

50,596

Amortisation for year

12,523

At 31 December 2016

63,119

NET BOOK VALUE

At 31 December 2016

26,471

At 31 December 2015

38,994

6.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2016

-

17,100

5,600

Additions

515,112

13,941

1,400

At 31 December 2016

515,112

31,041

7,000

DEPRECIATION

At 1 January 2016

-

203

212

Charge for year

-

5,511

1,283

At 31 December 2016

-

5,714

1,495

NET BOOK VALUE

At 31 December 2016

515,112

25,327

5,505

At 31 December 2015

-

16,897

5,388

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2016

19,890

19,270

61,860

Additions

2,305

-

532,758

At 31 December 2016

22,195

19,270

594,618

DEPRECIATION

At 1 January 2016

4,140

10,363

14,918

Charge for year

5,333

4,818

16,945

At 31 December 2016

9,473

15,181

31,863

NET BOOK VALUE

At 31 December 2016

12,722

4,089

562,755

At 31 December 2015

15,750

8,907

46,942

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

1,507,176

NET BOOK VALUE

At 31 December 2016

1,507,176

At 31 December 2015

1,507,176

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

1,956

-

Amounts owed by group undertakings

1,327,742

1,851,271

Other debtors

26,193

23,370

1,355,891

1,874,641

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

929,352

620,459

Trade creditors

(2

)

263,577

Other creditors

469,191

399,139

1,398,541

1,283,175

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

2,088,827

2,220,485

11.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

3,018,179

2,840,944

Bank loans are secured by a composite multilateral guarantee given by A&I Scoffs Ltd, Aimes Limited and

Scoffs (Essex) Limited.

Bank security comprises:

A first mortgage over a life policy;

A debenture including fixed charge over all present freehold and leasehold property;

A fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future;

A first floating charge over all assets, both present and future, and;

A first legal charge over leasehold property known as Ground Floor, 5 Station Approach, Hose Street, London,

E17 9QF

12.	RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

During the year the company charged management fees totalling £110,000 to subsidiary undertakings.

During the year the company acquired the leasehold title of a property from a subsidiary undertaking.

At the balance sheet date the company was owed £1,327,742 by subsidiary undertakings.

At the balance sheet date the company owed £466,391 (2015: £397,139) to the director.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Tagliamonti.