Abbreviated Company Accounts - MAGELLAN INVESTMENTS LIMITED

Abbreviated Company Accounts - MAGELLAN INVESTMENTS LIMITED

MAGELLAN INVESTMENTS LIMITED - Company Information

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Registered Number 07068150

MAGELLAN INVESTMENTS LIMITED

Abbreviated Accounts

30 November 2014

MAGELLAN INVESTMENTS LIMITED Registered Number 07068150

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Investments 2 2,206,791 2,401,099
2,206,791 2,401,099
Current assets
Debtors 473,732 593,855
Cash at bank and in hand 112,446 35,280
586,178 629,135
Creditors: amounts falling due within one year (2,610,255) (2,837,453)
Net current assets (liabilities) (2,024,077) (2,208,318)
Total assets less current liabilities 182,714 192,781
Total net assets (liabilities) 182,714 192,781
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 132,714 142,781
Shareholders' funds 182,714 192,781
  • For the year ending 30 November 2014 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 1 July 2015

And signed on their behalf by:
Ramalingum Modely Rungen, Director

MAGELLAN INVESTMENTS LIMITED Registered Number 07068150

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value. The company owns 49.50% (2013: 49.50%) of the shares in Canditifrucht SPA, a company registered in Italy