Toys Investment Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04577078 (England and Wales)

Toys Investment Limited

Abbreviated Unaudited Cessation Accounts

for the Period 1 November 2012 to 30 April 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

S J D Hickson

S M Hubbard

SECRETARY:

Paifang Nominees (UK) Ltd

REGISTERED OFFICE:

22 Billet Street

Taunton

Somerset

TA1 3NG

REGISTERED NUMBER:

04577078 (England and Wales)

ACCOUNTANTS:

Paifang Accountants and Tax Advisors (UK) Limited

22 Billet Street

Taunton

Somerset

TA1 3NG

FIXED ASSETS

Investments

2

-

240,782

CURRENT ASSETS

Debtors

3

-

16,451,916

Cash at bank and in hand

396

59,375

396

16,511,291

CREDITORS

Amounts falling due within one year

93,401

142,186

NET CURRENT (LIABILITIES)/ASSETS

(93,005

)

16,369,105

TOTAL ASSETS LESS CURRENT LIABILITIES

(93,005

)

16,609,887

CREDITORS

Amounts falling due after more than one year

4

-

(16,693,962

)

PROVISIONS FOR LIABILITIES

-

690

NET LIABILITIES

(93,005

)

(83,385

)

CAPITAL AND RESERVES

Called up share capital

5

19

19

Profit and loss account

(93,024

)

(83,404

)

SHAREHOLDERS' FUNDS

(93,005

)

(83,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2014 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.

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 23 January 2015 and were signed on its behalf by:

S M Hubbard - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, which assumes that the

company will continue in operational existence for the foreseeable future. This assumption relies on

the continued support of the company's beneficial owners. If the company were unable to continue in

operational existence, adjustments would have to be made to reclassify fixed assets investments and

long term liabilities as current assets and liabilities respectively and to make provision for additional

costs which may arise.

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 April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Toys Investment Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Exemption from preparing a cash flow statement

The company has taken advantage of the exemption, conferred by Financial Reporting Standard for

Smaller Entities (effective April 2008), from presenting a cash flow statement as it qualifies as a

small company.

Deferred tax

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but

not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all

available evidence, it can be regarded as more likely than not that there will be suitable taxable profits

from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply

in the periods in which the timing differences are expected to reverse, based on tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at

the average year rate. Exchange differences are taken into account in arriving at the operating result.

The exception to this rule is where the transaction is to be settled at a contracted rate, that rate shall be

used. Where a trading transaction is covered by a related or matching forward contract, the rate of

exchange specified in that contract may be used.

Investments

Fixed asset investments are stated at cost.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

$

COST

At 1 November 2012

240,782

Disposals

(240,782

)

At 30 April 2014

-

NET BOOK VALUE

At 30 April 2014

-

At 31 October 2012

240,782

The company's investments at the balance sheet date in the share capital of companies include the

following:

PP Polesie Ltd

Country of incorporation: Belarus

Nature of business: Manufacture of toys

%

Class of shares:

holding

Ordinary

31.00

2014

2012

$

$

Aggregate capital and reserves

-

31,375,434

Profit for the period/year

-

15,338,189

The holding was sold to Polesie Poland Sp.z.o.o. on 24/04/14 for $233,500.

Gammi Ltd

Country of incorporation: Belarus

Nature of business: Manufacture of Toys

%

Class of shares:

holding

Ordinary

99.87

2014

2012

$

$

Aggregate capital and reserves

-

311,010

Loss for the period/year

-

(41,130

)

The holding was sold to Dream Makers Enterprises Ltd, an associated company, on 24/04/14 for

$1,650.82.

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is $ 0 (2012 - $ 11,375,160 )

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2012

$

$

Repayable otherwise than by instalments

-

11,790,844

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

$

$

10

Ordinary

1

19

19