BARLEDA_LIMITED - Accounts

BARLEDA LIMITED - Company Information

Print Friendly Version

Company Registration No. 05236632 (England and Wales)

BARLEDA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

132122-2014

Registered office

5th Floor

86 Jermyn Street

London

SW1Y 6AW

BARLEDA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

€

Fixed assets

Investments

665,969

645,163

Current assets

Cash at bank and in hand

3,095

3,666

Creditors: amounts falling due within one year

(32,173)

(35,983)

Net current liabilities

(29,078)

(32,317)

Total assets less current liabilities

636,891

612,846

Capital and reserves

Called up share capital

601,069

Profit and loss account

35,822

11,777

Shareholders' funds

636,891

612,846

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 9 March 2015

Martin Brooks

Director

Company Registration No. 05236632

BARLEDA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

The company's accounting records are maintained in Euros.

Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.

BARLEDA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Investments

€

Cost

At 1 January 2014

657,530

Additions

20,809

At 31 December 2014

678,339

Depreciation

At 1 January 2014 & at 31 December 2014

12,370

Net book value

At 31 December 2014

665,969

At 31 December 2013

645,163

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Barleda Netherlands B.V

Netherlands

Ordinary

100.00

Participating interests

Barleda Poland SP.ZO.O

Poland

Ordinary

48.67

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

€

Barleda Netherlands B.V

Investment Company

901,944

(202,627)

Barleda Poland SP.ZO.O

Real Estate

(401,779)

(79,741)

The company has provided two loans to Barleda Poland SP.ZO.O. €252,987 bearing interest of 6% per annum and €250,000 bearing interest calculated at EURIBOR 1Y+2% per annum.

BARLEDA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Share capital

2014

2013

€

Allotted, called up and fully paid

Ordinary shares

601,069

The issued shares represent 2 ordinary shares with par value of £1 and 601,066 ordinary shares with a par value of €1 each, the ordinary shares rank pari passu with each other.