MOLYVOS LIMITED Company accounts
MOLYVOS LIMITED Company accounts
COMPANY REGISTRATION NUMBER:
10925802
|
Company Limited by Guarantee |
|
|
|
Company Limited by Guarantee |
Financial Statements |
Year ended 31 December 2019
Contents |
Page |
Directors' report |
1 |
Income statement |
2 |
Statement of financial position |
3 |
Statement of changes in equity |
5 |
Notes to the financial statements |
6 |
|
Company Limited by Guarantee |
Directors' Report |
Year ended 31 December 2019
The directors present their report and the unaudited financial statements of the company for the year ended
31 December 2019
.
Principal activities
Directors
The directors who served the company during the year were as follows:
|
|
|
|
|
|
Small company provisions
This report was approved by the board of directors on
18 May 2020
and signed on behalf of the board by:
|
|
Director |
Director |
|
|
Director |
|
|
Company Limited by Guarantee |
Income Statement |
Year ended 31 December 2019
Period from |
||
Year to |
21 Aug 17 to |
|
31 Dec 19 |
31 Dec 18 |
|
Note |
€ |
€ |
Administrative expenses |
(
|
(
|
-------- |
-------- |
|
Operating loss |
(
|
(
|
Other interest receivable and similar income |
– |
|
-------- |
-------- |
|
Loss before taxation |
(
|
(
|
Tax on loss |
– |
– |
-------- |
-------- |
|
Loss for the financial year |
(
|
(
|
-------- |
-------- |
|
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
|
Company Limited by Guarantee |
Statement of Financial Position |
2019 |
2018 |
|
Note |
€ |
€ |
Current assets
Debtors |
5 |
|
|
Cash at bank and in hand |
|
|
|
-------- |
------- |
||
|
|
||
Creditors: amounts falling due within one year |
6 |
|
|
-------- |
-------- |
||
Net current liabilities |
|
|
|
-------- |
-------- |
||
Total assets less current liabilities |
(
|
(
|
|
-------- |
-------- |
||
Net liabilities |
(
|
(
|
|
-------- |
-------- |
||
Capital and reserves
Profit and loss account |
7 |
(
|
(
|
-------- |
-------- |
||
Members deficit |
(
|
(
|
|
-------- |
-------- |
||
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
.
|
Company Limited by Guarantee |
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
18 May 2020
, and are signed on behalf of the board by:
|
|
Director |
Director |
|
|
Director |
|
Company registration number:
10925802
|
Company Limited by Guarantee |
Statement of Changes in Equity |
Year ended 31 December 2019
Profit and loss account |
|
€ |
|
At 21 August 2017 |
– |
Loss for the year |
(
|
-------- |
|
Total comprehensive income for the year |
(
|
At 31 December 2018 |
(21,938) |
Loss for the year |
(
|
-------- |
|
Total comprehensive income for the year |
(
|
-------- |
|
At 31 December 2019 |
(
|
-------- |
|
|
Company Limited by Guarantee |
Notes to the Financial Statements |
Year ended 31 December 2019
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is St Georges House, 6th Floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Foreign currencies
Financial instruments
4.
Company limited by guarantee
If the company is wound up all members and members who have ceased to be so within less than one year will contribute to the assets of the company by such amount as may be required for:
a. Payments of debts and liabilities of the company contracted before ceasing to be members
b. Payments of costs, charges and expenses of winding up
c. Adjustment of the rights of the contributors among themselves, not exceeding the specified amounts below:
- MR PANAGIOTIS TRYFON - GBP 1
- MR THEODOROS TRYFON - GBP 1
5.
Debtors
2019 |
2018 |
|
€ |
€ |
|
Prepayments and accrued income |
|
|
------- |
------- |
|
6.
Creditors:
amounts falling due within one year
2019 |
2018 |
|
€ |
€ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Subscribers account |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
7.
Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.