REGISTERED NUMBER:
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Oakscliff |
Trading as |
Golden Grid and Princess Cafe |
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Abbreviated Unaudited Accounts |
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For The Year Ended 29 February 2016 |
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REGISTERED NUMBER:
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Oakscliff |
Trading as |
Golden Grid and Princess Cafe |
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Abbreviated Unaudited Accounts |
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For The Year Ended 29 February 2016 |
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Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Contents of the Abbreviated Accounts |
For The Year Ended 29 February 2016 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abbreviated Balance Sheet | 3 |
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Notes to the Abbreviated Accounts | 5 |
Oakscliff |
Trading as Golden Grid and Princess Cafe |
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Company Information |
For The Year Ended 29 February 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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BANKERS: |
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SOLICITORS: |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Oakscliff |
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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 three to seven) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Oakscliff for the year ended 29 February 2016 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. |
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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. |
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This report is made solely to the Board of Directors of Oakscliff, as a body, in accordance with the terms of our engagement letter dated 15 November 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Oakscliff and state those matters that we have agreed to state to the Board of Directors of Oakscliff, 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. |
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It is your duty to ensure that Oakscliff 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 Oakscliff. You consider that Oakscliff is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Oakscliff. 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. |
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Chartered Accountants |
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20 September 2016 |
Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Abbreviated Balance Sheet |
29 February 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS |
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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. |
Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Abbreviated Balance Sheet - continued |
29 February 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Notes to the Abbreviated Accounts |
For The Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The director has considered the impact of the United Kingdom recession on the company's trading and is |
confident that the company will continue to meet its day-to-day liabilities as they fall due and that the going |
concern basis is appropriate. |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Goodwill |
Goodwill has been amortised over its useful economic life of ten years. |
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Tangible fixed assets |
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Freehold property | - |
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Freehold investment properties | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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No depreciation has been provided in the financial statements in respect of Freehold property, as the Director |
considers this to be immaterial, given the high estimated residual value of the properties. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. However, no deferred tax has been recognised in respect of revaluation gains and losses unless by the |
balance sheet date, the company has entered into a binding agreement to sell the asset. |
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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. |
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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. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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 the profit and loss account in the period to which they relate. |
Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES - continued |
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Freehold investment properties |
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), Freehold |
investment properties are revalued annually at open market value and the surplus or deficit is transferred to a |
revaluation reserve, and no depreciation is provided. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
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AMORTISATION |
At 1 March 2015 |
and 29 February 2016 |
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NET BOOK VALUE |
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At 29 February 2016 |
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At 28 February 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST OR VALUATION |
At 1 March 2015 |
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Additions |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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Oakscliff (Registered number: 00613788) |
Trading as Golden Grid and Princess Cafe |
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Notes to the Abbreviated Accounts - continued |
For The Year Ended 29 February 2016 |
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6. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Senior Holdings (Scarborough) Limited. |