Garratt Investments Limited - Accounts to registrar (filleted) - small 18.2
Garratt Investments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2018 |
| for |
| Garratt Investments Limited |
| Garratt Investments Limited (Registered number: 03587661) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Garratt Investments Limited |
| Company Information |
| for the Year Ended 31 December 2018 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 3rd Floor, Fairgate House |
| 78 New Oxford Street |
| London |
| WC1A 1HB |
| Garratt Investments Limited (Registered number: 03587661) |
| Balance Sheet |
| 31 December 2018 |
| 31.12.18 | 31.12.17 |
| Notes | € | € |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Garratt Investments Limited (Registered number: 03587661) |
| Balance Sheet - continued |
| 31 December 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Garratt Investments Limited (Registered number: 03587661) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| Garratt Investments 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. |
| The financial statements have been prepared in euros and this is also considered by the director to be the company's functional |
| currency |
| 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. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. |
| Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange |
| differences are taken into account in arriving at the operating result. |
| Fixed asset investments |
| Investments held as fixed assets are stated at cost less any provisions for impairments. Investments are reviewed for impairment |
| if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated |
| such that the carrying value of fixed asset investments is the lower of cost or recoverable amount. |
| Garratt Investments Limited (Registered number: 03587661) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had |
| net liabilities amounting to €14,573,153 (2017: €13,900,045) and incurred a net loss of €673,108 (2017: €1,037,755) for the |
| year. |
| However, the shareholders have expressed their willingness to provide financial support for the next 12 months as from the date |
| of approval of the financial statements in order for the company to meet its current liabilities, therefore the directors continue to |
| adopt the going concern basis of accounting. |
| 3. | FIXED ASSET INVESTMENTS |
| 31.12.18 | 31.12.17 |
| € | € |
| Loans |
| Other investments not loans |
| Additional information is as follows: |
| Other |
| investments |
| € |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| Loans |
| € |
| At 1 January 2018 |
| Impairment |
| At 31 December 2018 |
| 4. | DEBTORS |
| 31.12.18 | 31.12.17 |
| € | € |
| Amounts falling due within one year: |
| Other debtors |
| Garratt Investments Limited (Registered number: 03587661) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 4. | DEBTORS - continued |
| 31.12.18 | 31.12.17 |
| € | € |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| € | € |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.18 | 31.12.17 |
| € | € |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Redburn Investments Ltd | - | 21,460,178 |
| Brenno company LTD | 22,124,243 | - |
| 7. | RELATED PARTY DISCLOSURES |
| Included in creditors are the following balances due to related parties: |
| Outstanding Balance | Interest Charged |
| 2018 | 2017 | 2018 | 2017 |
| € | € | € | € |
| Redburn Investments Limited | 0 | 21,460,178 | 664,065 | 662,302 |
| Brenno Company LTD | 26,516,009 | 2,891,308 | Nil | Nil |
| The above companies are related parties due to common ownership. |
| 8. | ULTIMATE CONTROLLING PARTY |