Ranipharma Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03165707 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Ranipharma Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

Mrs M A Seville

SECRETARY:

Inter.Gala Corporate Secretaries Ltd

REGISTERED OFFICE:

1st Floor Victory House

99-101 Regent Street

London

W1B 4EZ

REGISTERED NUMBER:

03165707 (England and Wales)

ACCOUNTANTS:

Lextray UK Limited

1ST FLOOR VICTORY HOUSE

99-101 REGENT STREET

London

W1B 4EZ

CURRENT ASSETS

Debtors

235

235

Cash at bank

7,073

5,860

7,308

6,095

CREDITORS

Amounts falling due within one year

236,926

180,431

NET CURRENT LIABILITIES

(229,618

)

(174,336

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(229,618

)

(174,336

)

PROVISIONS FOR LIABILITIES

1,200

1,213

NET LIABILITIES

(230,818

)

(175,549

)

CAPITAL AND RESERVES

Called up share capital

2

1,640

1,640

Profit and loss account

(232,458

)

(177,189

)

SHAREHOLDERS' FUNDS

(230,818

)

(175,549

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 12 May 2015 and were signed by:

Mrs M A Seville - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Partner's profit share

Under a partnership agreement dated 12 March 1996, GLP Generic Licencing Programme Limited in entitled to

receive a profit share amounting to 95% of all transactions administered on their behalf by Ranipharma Ltd. This

is included in the cost of sales.

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).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

$

$

1,000

Ordinary

£1

1,640

1,640

3.	ULTIMATE PARENT COMPANY

The company's parent companies are Lloyd Andrews (Nominees) Ltd, a company incorporated in the British

Virgin Islands and Offshore Capital Management Corp.,a company incorporated in the Republic of Panama.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Lextray UK Limited

1ST FLOOR VICTORY HOUSE

99-101 REGENT STREET

London

W1B 4EZ

12 May 2015