Valestone Trading Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03448453 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Valestone Trading Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTORS:

J W Duffy

D R Minnett

SECRETARY:

MCS Formations Ltd

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

03448453 (England and Wales)

ACCOUNTANTS:

Lextray UK Limited

1ST FLOOR VICTORY HOUSE

99-101 REGENT STREET

London

W1B 4EZ

CURRENT ASSETS

Debtors

1,324,024

1,331,416

Investments

5

5

Cash at bank

97,713

153,374

1,421,742

1,484,795

CREDITORS

Amounts falling due within one year

881,574

956,729

NET CURRENT ASSETS

540,168

528,066

TOTAL ASSETS LESS CURRENT LIABILITIES

540,168

528,066

CREDITORS

Amounts falling due after more than one year

(349,107

)

(349,107

)

PROVISIONS FOR LIABILITIES

(1,500

)

(1,500

)

NET ASSETS

189,561

177,459

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

188,561

176,459

SHAREHOLDERS' FUNDS

189,561

177,459

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 directors acknowledge their 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 Board of Directors on 29 July 2015 and were signed on its behalf by:

J W Duffy - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

1,897

DEPRECIATION

At 1 January 2014

and 31 December 2014

1,897

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1,000

Ordinary

£ 1

1,000

1,000

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Mountbridge LLC a company incorporated in the USA.

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

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

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

29 July 2015