HARVAL_HOLDING_LIMITED - Accounts


Company Registration No. 05197971 (England and Wales)
HARVAL HOLDING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
136830-2014
Registered office
5th Floor
86 Jermyn Street
London
SW1Y 6AW
HARVAL HOLDING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
US$
US$
US$
US$
Fixed assets
Investments
2
2,242,946
2,297,526
Current assets
Debtors
-
6,029
Cash at bank and in hand
974
3,663
974
9,692
Creditors: amounts falling due within one year
(2,345,227)
(2,398,226)
Net current liabilities
(2,344,253)
(2,388,534)
Total assets less current liabilities
(101,307)
(91,008)
Capital and reserves
Called up share capital
3
1,790
1,790
Profit and loss account
(103,097)
(92,798)
Shareholders'  funds
(101,307)
(91,008)
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 11 June 2015
Heathbrooke Directors Limited
Director
Company Registration No. 05197971
HARVAL HOLDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
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
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
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.
1.5
Foreign currency translation

The company's accounting records are maintained in United States Dollar.

 

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.

2
Fixed assets
Investments
US$
Cost
At 1 January 2014
2,297,526
Disposals
(54,580)
At 31 December 2014
2,242,946
At 31 December 2013
2,297,526
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
%
Participating interests
25 West 83rd Street Corp
USA
Ordinary
50.00
Immobilia Estate Inc
USA
Ordinary
50.00
HARVAL HOLDING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
2
Fixed assets
(Continued)
- 3 -
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
2014
Principal activity
US$
US$
25 West 83rd Street Corp
Property holding
128,818
20,354
Immobilia Estate Inc
Property holding
-
-

The above results have been taken from the most recent available financial statements for 25 West 83rd Street Corp, which were for the year ended 31 December 2010. There were no available accounts for Immobilia Estate, Inc.

3
Share capital
2014
2013
US$
US$
Allotted, called up and fully paid
Ordinary shares
1,790
1,790

The issued shares represents 1,000 ordinary shares with a par value of £1 each.

 

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