Stanmoore Investments Limited - Accounts

STANMOORE INVESTMENTS LIMITED - Company Information

Registered number

03813344

Stanmoore Investments Limited

Report and Accounts

31 December 2014

Stanmoore Investments Limited
Registered number:		03813344
Directors' Report

The directors present their report and accounts for the year ended 31 December 2014.

Principal activities
The company's principal activity during the year continued to be that of an investment company.

Directors
The following persons served as directors during the year:

	Juan Manuel Cid
	Jaques Trachsel

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 3 July 2015 and signed on its behalf.





Juan Manuel Cid
Director

Stanmoore Investments Limited
Profit and Loss Account
for the year ended 31 December 2014


Notes		2014		2013
£			£


Administrative expenses		(2,778)		(3,147)

Operating loss		(2,778)		(3,147)

Income from investments	2	12,000		17,500
Interest receivable and similar income	3	-		1,432
Interest payable and similar charges	4	(636)		-

Profit on ordinary activities before taxation		8,586		15,785

Tax on profit on ordinary activities		-		-

Profit for the financial year		8,586		15,785

Stanmoore Investments Limited
Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Investments	5		1,100			1,100

Current assets
Debtors	6	3,577			3,577
Cash at bank and in hand		6,606			18,070
		10,183			21,647

Creditors: amounts falling due within one year	7	(2,250)			(1,300)

Net current assets			7,933			20,347

Net assets			9,033			21,447

Capital and reserves
Called up share capital	8		2			2
Profit and loss account	9		9,031			21,445

Shareholders' funds			9,033			21,447

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Juan Manuel Cid
Director
Approved by the board on 3 July 2015

Stanmoore Investments Limited
Notes to the Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Group Accounts
	The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 1985 not to prepare group accounts.


2	Income from investments					2014		2013
£							£

	Income from shares in group undertakings					12,000		17,500



3	Interest receivable and similar income					2014		2013
£							£

	Gain on foreign exchange					-		1,432



4	Interest payable and similar charges					2014		2013
£							£

	Loss on foreign exchange					636		-


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2014							1,100

	At 31 December 2014							1,100

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
	Subsidiary undertakings	Class		%	£		£
	Drayton Management Limited	Ordinary		100		(35,017)		(16,807)
	Incmatters Limited	Ordinary		100		17,847		17,505

	The principal activity of both companies is the provision of administrative services.
	Both companies are incorporated in the UK.

	The above results are related to the financial statements for the year ended 31 December 2014.


6	Debtors					2014		2013
£							£

	Other debtors					3,577		3,577


7	Creditors: amounts falling due within one year					2014		2013
£							£

	Other creditors					2,250		1,300


8	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


9	Profit and loss account					2014
£

	At 1 January 2014					21,445
	Profit for the year					8,586
	Dividends					(21,000)

	At 31 December 2014					9,031


10	Dividends					2014		2013
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					21,000		32,964



11	Control

	The immediate parent company is Galloix SA, a company registered in Switzerland (2013 - Galloix Holding SA).


12	Ultimate controlling party

	The directors are aware of the identity of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from discolsing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the Standard in respect of confidentiality.