Abbreviated Company Accounts - GLOBAL CAPITAL ADVISORS LIMITED
Abbreviated Company Accounts - GLOBAL CAPITAL ADVISORS LIMITED
Registered Number 07086679
GLOBAL CAPITAL ADVISORS LIMITED
Abbreviated Accounts
30 November 2013
GLOBAL CAPITAL ADVISORS LIMITED Registered Number 07086679
Abbreviated Balance Sheet as at 30 November 2013
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| £ | £ | ||
| Current assets | |||
| Debtors |
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| Investments |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Creditors: amounts falling due after more than one year |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital |
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| Other reserves |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
GLOBAL CAPITAL ADVISORS LIMITED Registered Number 07086679
Notes to the Abbreviated Accounts for the period ended 30 November 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Notes to the abbreviated accounts
For the year ending 30th November 2013
1. Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Small Entities (effective January 2005)
Turnover
Turnover represents amount invoiced net of VAT.
2. Related party disclosures
B Nurmohamed and Vijay Goel own the company by virtue of his shareholding.
3. Accounting Convention
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (UKGAAP), which have been applied consistently.
4. Investments
The company had purchased 1546,546 ordinary shares having face value of INR 10 each of KGR Securities Ltd., a subsidiary of 4 Capital Advisors & Securities India Ltd. which constitutes 51% of total shareholding for US$ 1,000,000 last year.
In addition to this, the company has acquired 100% shareholding in GAFM AG Global Assets and Funds Management. It has purchased 100 shares of face value CHF 1,000 for CHF 100,000.