DIAMOND_PRIVATE_INVESTMEN - Accounts
DIAMOND_PRIVATE_INVESTMEN - Accounts
Company Registration No. 09060792 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
137204-2014
Registered office
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
- 1 -
2014
Notes
US$
US$
Current assets
Investments
Creditors: amounts falling due within one year
(126,369 )
Total assets less current liabilities
(20,698 )
Capital and reserves
Called up share capital
2
Profit and loss account
(20,700 )
Shareholders' funds
(20,698 )
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 27 July 2015
Director
Company Registration No. 09060792
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.
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
Current asset investments are stated at the lower of cost and net realisable 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 dollars.
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
Share capital
2014
US$
Allotted, called up and fully paid
Ordinary shares
The issued shares represent 1 Ordinary share with a par value of £1 each.
3
Ultimate parent company
The immediate and ultimate parent company is Diamond Private Investments Spa, a company incorporated in Italy.