Skydream Finance 1 Limited - Limited company - abbreviated

REGISTERED NUMBER: 07264681 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

SKYDREAM FINANCE 1 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Lellis

REGISTERED OFFICE:

114-116 Curtain Road

London

EC2A 3AH

REGISTERED NUMBER:

07264681 (England and Wales)

ACCOUNTANTS:

P J Marks & Co Ltd

Chartered Certified Accountants

114 - 116 Curtain Road

London

EC2A 3AH

FIXED ASSETS

Investments

2

514

CURRENT ASSETS

Debtors

390

-

Cash at bank

23,917

53,855

24,307

53,855

CREDITORS

Amounts falling due within one year

11,148

35,852

NET CURRENT ASSETS

13,159

18,003

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,673

18,517

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

13,671

18,515

SHAREHOLDERS' FUNDS

13,673

18,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 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 director on 19 March 2015 and were signed by:

Mr D Lellis - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2013

and 31 May 2014

514

NET BOOK VALUE

At 31 May 2014

514

At 31 May 2013

514

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

Mr D Lellis

The director and shareholder

2014

2013

£

Amount due to related party at the balance sheet date

8,999

33,901

Skydream Finance 1 Limited - Limited company - abbreviated - 11.6

Skydream Finance 1 Limited - Limited company - abbreviated - 11.6