Company Registration No. 06699779 (England and Wales)
MARCUS WAREING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
MARCUS WAREING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MARCUS WAREING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
1
1
Current assets
Debtors
113,167
111,329
Cash at bank and in hand
322
440
113,489
111,769
Creditors: amounts falling due within one year
(33,718)
(33,539)
Net current assets
79,771
78,230
Total assets less current liabilities
79,772
78,231
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
79,672
78,131
Shareholders' funds
79,772
78,231
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 July 2016
M Wareing
Director
Company Registration No. 06699779
MARCUS WAREING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of all material timing differences.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 November 2014 & at 31 October 2015
1
At 31 October 2014
1
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Marcus Wareing Restaurants Limited
England and Wales
Ordinary
100.00
MARCUS WAREING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Marcus Wareing Restaurants Limited
operating a restaurant
3,239,053
1,053,178
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
4
Related party relationships and transactions
Other transactions
M Wareing and J Wareing are partners in MW Brand Talent LLP and therefore it is a related party.
Included in other debtors is an amount of £14,250 which is due from MW Brand Talent LLP.