Cartem Investments Limited - Accounts to registrar (filleted) - small 18.2

Cartem Investments Limited - Accounts to registrar (filleted) - small 18.2

CARTEM INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03468754 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Cartem Investments Limited
Cartem Investments Limited (Registered number: 03468754)

Contents of the Financial Statements
for the Year Ended 31 December 2018










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cartem Investments Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: Giovanni Cattaneo





REGISTERED OFFICE: 1 Kings Avenue
Winchmore Hill
London
N21 3NA





REGISTERED NUMBER: 03468754 (England and Wales)





Page 1
Cartem Investments Limited (Registered number: 03468754)

Statement of Financial Position
31 December 2018

31.12.18 31.12.17
Notes €    €    €    €   
FIXED ASSETS
Investments 3 2,731,257 2,731,257

CURRENT ASSETS
Cash at bank 349,468 349,468

CREDITORS
Amounts falling due within one year 4 75,932 75,932
NET CURRENT ASSETS 273,536 273,536
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,004,793
3,004,793

CREDITORS
Amounts falling due after more than one
year
5
219,917
219,917
NET ASSETS 2,784,876 2,784,876

CAPITAL AND RESERVES
Called up share capital 1,509 1,509
Retained earnings 2,783,367 2,783,367
SHAREHOLDERS' FUNDS 2,784,876 2,784,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

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

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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 September 2019 and were signed by:



Giovanni Cattaneo - Director


The notes form part of these financial statements

Page 2
Cartem Investments Limited (Registered number: 03468754)

Notes to the Financial Statements
for the Year Ended 31 December 2018


1. STATUTORY INFORMATION

Cartem 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
The company is operating through a branch in the Republic of Cyprus and it has no activities or income arising
in the United Kingdom. The company is not liable to UK Corporation Tax, as under the United Kingdom-Cyprus
agreement for the avoidance of Double Taxation is not a resident of the United Kingdom.

3. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating
undertakings interests Totals
€    €    €   
COST
At 1 January 2018
and 31 December 2018 18,294 2,712,963 2,731,257
NET BOOK VALUE
At 31 December 2018 18,294 2,712,963 2,731,257
At 31 December 2017 18,294 2,712,963 2,731,257

Shares in group undertakings represent 60% of ordinary shares capital of Parispack SARL, a company registered
in France.

Participating interests represent 41% of ordinary shares capital of Eurovetrocap SRL, a company registered in
Italy.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
€    €   
Other creditors 67,792 67,792
Accrued expenses 8,140 8,140
75,932 75,932

Page 3 continued...
Cartem Investments Limited (Registered number: 03468754)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018


5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.18 31.12.17
€    €   
Shareholders' current accounts 219,917 219,917

Page 4