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REGISTERED NUMBER: 03023934 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

LANTERNS KEBAB & STEAK HOUSE LIMITED

LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANTERNS KEBAB & STEAK HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: Mr B Solomon





REGISTERED OFFICE: 88 Cornwall Street
Plymouth
Devon
PL1 1LR





REGISTERED NUMBER: 03023934 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,822 40,229
39,822 40,229

CURRENT ASSETS
Stocks 6 6,870 6,810
Cash at bank and in hand 35,238 39,724
42,108 46,534
CREDITORS
Amounts falling due within one year 7 51,367 50,959
NET CURRENT LIABILITIES (9,259 ) (4,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,563

35,804

CREDITORS
Amounts falling due after more than one
year

8

(246

)

(4,971

)

PROVISIONS FOR LIABILITIES 10 (7,139 ) -
NET ASSETS 23,178 30,833

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 23,174 30,829
SHAREHOLDERS' FUNDS 23,178 30,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

BALANCE SHEET - continued
28 FEBRUARY 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 31 October 2018 and were signed by:





Mr B Solomon - Director


LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Lanterns Kebab & Steak House Limited 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents amounts derived from the provision of services to customers during the year, and is
recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of
VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.


LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2017
and 28 February 2018 37,300
AMORTISATION
At 1 March 2017
and 28 February 2018 37,300
NET BOOK VALUE
At 28 February 2018 -
At 28 February 2017 -

LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 March 2017 121,057 37,590 158,647
Additions - 4,017 4,017
At 28 February 2018 121,057 41,607 162,664
DEPRECIATION
At 1 March 2017 91,304 27,114 118,418
Charge for year 2,975 1,449 4,424
At 28 February 2018 94,279 28,563 122,842
NET BOOK VALUE
At 28 February 2018 26,778 13,044 39,822
At 28 February 2017 29,753 10,476 40,229

6. STOCKS
28.2.18 28.2.17
£    £   
Stocks 6,870 6,810

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts (see note 9) 7,983 7,675
Trade creditors 18,965 4,599
Tax 11,667 22,898
Social security and other taxes 427 1,112
VAT 10,160 12,525
Pension control 15 -
Directors' current accounts 150 150
Accrued expenses 2,000 2,000
51,367 50,959

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Bank loans (see note 9) 246 4,971

LANTERNS KEBAB & STEAK HOUSE LIMITED (REGISTERED NUMBER: 03023934)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


9. LOANS

An analysis of the maturity of loans is given below:

28.2.18 28.2.17
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,983 7,675

Amounts falling due between two and five years:
Bank loans - 2-5 years 246 4,971

10. PROVISIONS FOR LIABILITIES
28.2.18 28.2.17
£    £   
Deferred tax 7,139 -

Deferred
tax
£   
Provided during year 7,139
Balance at 28 February 2018 7,139

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
4 Ordinary Share Capital £1 4 4