Condor Ridge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03193798 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Condor Ridge Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A Vasilopoulos

SECRETARY:

Cornhill Services Limited

REGISTERED OFFICE:

Monomark House

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

03193798 (England and Wales)

ACCOUNTANTS:

ILS Fiduciaries (UK) Limited

Monomark House

27 Old Gloucester Street

London

WC1N 3AX

FIXED ASSETS

Investments

4

983,854

981,199

CURRENT ASSETS

Debtors

5

1,988

1,988

Cash at bank

1,661,059

1,725,470

1,663,047

1,727,458

CREDITORS

Amounts falling due within one year

6

6,321

5,214

NET CURRENT ASSETS

1,656,726

1,722,244

TOTAL ASSETS LESS CURRENT LIABILITIES

2,640,580

2,703,443

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

2,640,578

2,703,441

SHAREHOLDERS' FUNDS

2,640,580

2,703,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 18 February 2022 and were signed by:

Mr A Vasilopoulos - Director

1.	STATUTORY INFORMATION

Condor Ridge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 June 2020

644,798

336,401

981,199

Revaluations

13,482

-

13,482

Exchange differences

(10,827

)

-

(10,827

)

At 31 May 2021

647,453

336,401

983,854

NET BOOK VALUE

At 31 May 2021

647,453

336,401

983,854

At 31 May 2020

644,798

336,401

981,199

Cost or valuation at 31 May 2021 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2020

644,798

336,401

981,199

Valuation in 2021

2,655

-

2,655

647,453

336,401

983,854

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 2021.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Sundry debtors

1,000

1,000

Prepayments

988

988

1,988

1,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,213

-

Accruals

5,108

5,214

6,321

5,214

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 June 2020

2,703,441

Deficit for the year

(62,863

)

At 31 May 2021

2,640,578

9.	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.

10.	POST BALANCE SHEET EVENTS

The effect of events relating to the year ended 31 May 2021, 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 2021 and of the results of the year ended on that date.