Condor Ridge Limited - Accounts to registrar (filleted) - small 18.2
Condor Ridge Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 May 2020 |
for |
Condor Ridge Limited |
Condor Ridge Limited (Registered number: 03193798) |
Contents of the Financial Statements |
for the Year Ended 31 May 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Condor Ridge Limited |
Company Information |
for the Year Ended 31 May 2020 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4th Floor |
1 Knightrider Court |
London |
EC4V 5BJ |
Condor Ridge Limited (Registered number: 03193798) |
Balance Sheet |
31 May 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Condor Ridge Limited (Registered number: 03193798) |
Notes to the Financial Statements |
for the Year Ended 31 May 2020 |
1. | STATUTORY INFORMATION |
Condor Ridge Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Fixed asset investments |
Fixed asset investments are shown at their cost to the company, including all costs of acquisition, less any provision for impairment. Listed investments are shown at market value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 June 2019 | 976,133 |
Revaluations | ( |
) | (3,870 | ) |
Exchange differences | 8,936 |
At 31 May 2020 | 981,199 |
NET BOOK VALUE |
At 31 May 2020 | 981,199 |
At 31 May 2019 | 976,133 |
Cost or valuation at 31 May 2020 is represented by: |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
Valuation in 2020 | 644,798 | 336,401 | 981,199 |
Included in unlisted investments are 36,261 ordinary shares in a Greek company, Vanos SA (which represents 39.5% of the total issued share capital of the company). |
The market value of the listed investments was taken as at 31 March 2020. |
Condor Ridge Limited (Registered number: 03193798) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Sundry debtors |
Prepayments |
Beneficial owner loan | - | 13,250 |
The loan to the beneficial owner was repaid on 25 January 2021. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Accruals |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
8. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken such as are required to be disclosed under Section 1A "Small Entities" of Financial Reporting Standard 102. |
9. | POST BALANCE SHEET EVENTS |
The effect of events relating to the year ended 31 May 2020, which occurred before the date of approval of the financial statements by the director, have been included to the extent required to show a true and fair view of the state of affairs at 31 May 2020 and of the results of the year ended on that date. |