DANAIG_INVESTMENTS_LIMITE - Accounts

DANAIG INVESTMENTS LIMITED - Company Information

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DANAIG INVESTMENTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Company Registration No. 01077030 (England and Wales)

SHELLEY STOCK HUTTER LLP

Chartered Accountants

1st Floor

7 - 10 Chandos Street

London

W1G 9DQ

DANAIG INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DANAIG INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

583

Investments

100

683

Current assets

Debtors

61,000

Cash at bank and in hand

214,115

32,003

275,115

93,003

Creditors: amounts falling due within one year

(215,059)

(18,293)

Net current assets

60,056

74,710

Total assets less current liabilities

60,156

75,393

Capital and reserves

Called up share capital

100

Profit and loss account

60,056

75,293

Shareholders' funds

60,156

75,393

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 September 2015

.....................................

Mr N Frankel-Pollen

Director

Company Registration No. 01077030

DANAIG INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents fees and commissions receivable in respect of services supplied to United Kingdom clients.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

The freehold property, held for investment purposes, is stated at cost and is not depreciated. The directors' consider this to be the open market value.

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

DANAIG INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2014

583

100

683

Disposals

(583)

At 30 June 2015

100

At 30 June 2014

583

100

683

Holdings of more than 20%

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

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Lore Management Company Limited

England

Ordinary

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Lore Management Company Limited

Property Investment

184,244

(67,723)

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100