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REGISTERED NUMBER: 03831969 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Concept Venues Limited

Concept Venues Limited (Registered number: 03831969)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Concept Venues Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: M N J Fuller
S Naker
R C Smallwood
A J Taylor





SECRETARY: S H Pennington





REGISTERED OFFICE: Bridle House
36 Bridle Lane
London
W1F 9BZ





REGISTERED NUMBER: 03831969 (England and Wales)






Concept Venues Limited (Registered number: 03831969)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 28,336 32,606
Investments 3 1,500,646 1,500,646
1,528,982 1,533,252

CURRENT ASSETS
Debtors 6,352,908 4,278,664
Cash at bank - 3,299
6,352,908 4,281,963
CREDITORS
Amounts falling due within one year 4 13,327,702 8,067,446
NET CURRENT LIABILITIES (6,974,794 ) (3,785,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,445,812

)

(2,252,231

)

CREDITORS
Amounts falling due after more than
one year

-

3,000,000
NET LIABILITIES (5,445,812 ) (5,252,231 )

CAPITAL AND RESERVES
Called up share capital 5 787 787
Share premium 306,548 306,548
Profit and loss account (5,753,147 ) (5,559,566 )
SHAREHOLDERS' FUNDS (5,445,812 ) (5,252,231 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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.

Concept Venues Limited (Registered number: 03831969)

Abbreviated Balance Sheet - continued
31 December 2015


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 27 September 2016 and
were signed on its behalf by:





M N J Fuller - Director


Concept Venues Limited (Registered number: 03831969)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

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


Office Equipment 10% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are translated
into sterling at the rate of exchange ruling at the date of transaction. Exchange differences
are taken into account in arriving at the operating result.

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

Financial instruments
Financial liabilities and equity instrument are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences
a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account.
Finance costs are calculated so as to produce a constant rate of return on the outstanding
liability.

Where the contractual terms of share capital do not have any terms meeting the definition of
a financial liability then this is classed as an equity instrument. Dividends are distributions
relating to equity instruments are debited direct to equity.

Going concern
The company's liabilities exceed its assets by £5,445,812 (2014: £5,252,231). The company
depends on the continuing financial support of a director who has confirmed his ongoing
financial support of the company and his ability to do so for the foreseeable future. For this
reason the financial statements have been prepared on a going concern basis.

Concept Venues Limited (Registered number: 03831969)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 51,526
Additions 939
At 31 December 2015 52,465
DEPRECIATION
At 1 January 2015 18,920
Charge for year 5,209
At 31 December 2015 24,129
NET BOOK VALUE
At 31 December 2015 28,336
At 31 December 2014 32,606

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2015
and 31 December 2015 1,500,646
NET BOOK VALUE
At 31 December 2015 1,500,646
At 31 December 2014 1,500,646

The company's investments at the Balance Sheet date in the share capital of companies
include the following:


Geales Chelsea Ltd
Nature of business: Restaurant.
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (776,084 ) (655,012 )
Loss for the year (121,072 ) (153,008 )

Geales Chelsea Ltd is wholly owned by Geales Restaurants Ltd.

Concept Venues Limited (Registered number: 03831969)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. FIXED ASSET INVESTMENTS - continued

Geales Restaurant Ltd
Nature of business: Restaurants.
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (289,976 ) (218,997 )
Loss for the year (70,979 ) (155,213 )

Sanctum On The Green Ltd
Nature of business: Hotels and restaurants.
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (2,622,471 ) (2,416,103 )
Loss for the year (206,368 ) (355,572 )

Sphere Restaurants Ltd
Nature of business: Restaurants, hotels and public houses.
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (4,825 ) (4,825 )

The Sanctum London Ltd
Nature of business: Hotels.
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (2,749,934 ) (2,289,938 )
Loss for the year (459,996 ) (484,999 )

4. CREDITORS

Creditors include an amount of £ 735,314 (31.12.14 - £ 958,619 ) for which security has
been given.

Concept Venues Limited (Registered number: 03831969)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
314,976 Ordinary £0.0025 787 787