Aurora Development Limited - Limited company accounts 11.7

REGISTERED NUMBER: 04540762 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2014

for

Aurora Development Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

F M L M Bisson

H Carre

R Jelman

REGISTERED OFFICE:

Duntarvie at Elmhurst

High Street

Great Missenden

Buckinghamshire

HP16 9AA

REGISTERED NUMBER:

04540762 (England and Wales)

ACCOUNTANTS:

C D Nash Limited

First Floor

15a Hill Avenue

Amersham

Buckinghamshire

HP6 5BD

The directors present their report with the financial statements of the company for the year ended 31 December 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of business development consultancy.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2014 to the date of this

report.

F M L M Bisson

H Carre

R Jelman

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not

approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the

company and of the profit or loss of the company for that period. In preparing these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

R Jelman - Director

13 August 2015

TURNOVER

-

Administrative expenses

343

317

(343

)

(317

)

Other operating income

(4,438

)

1,658

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

(4,781

)

1,341

Tax on (loss)/profit on ordinary activities

3

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(4,781

)

1,341

FIXED ASSETS

Investments

4

4,277

CURRENT ASSETS

Debtors

5

4,422

Cash at bank

61,386

66,167

65,808

70,589

CREDITORS

Amounts falling due within one year

6

270

NET CURRENT ASSETS

65,538

70,319

TOTAL ASSETS LESS CURRENT
LIABILITIES

69,815

74,596

CAPITAL AND RESERVES

Called up share capital

7

750

Profit and loss account

8

69,065

73,846

SHAREHOLDERS' FUNDS

69,815

74,596

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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 13 August 2015 and were signed on its behalf by:

R Jelman - 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).

Preparation of consolidated financial statements

The financial statements contain information about Aurora Development Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 average rate of exchange

during the year. Exchange differences are taken into account in arriving at the operating result.

2.	OPERATING (LOSS)/PROFIT

The operating loss (2013 - operating profit) is stated after charging:

31.12.14

31.12.13

£

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2014 nor for the

year ended 31 December 2013.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2014

and 31 December 2014

4,277

NET BOOK VALUE

At 31 December 2014

4,277

At 31 December 2013

4,277

The company's investment in it's subsidiary company represents the cost of acquisition of 80% of the ordinary

share capital of AVI Concept SARL, a French non-listed company which provides contractor intermediary

services in the construction industry.

The accounts of the subsidiary for the year ended 31 December 2014 show that the aggregate of the share capital

and reserves amounted to a deficit of (£3,640) (2013 - £174,848 surplus) and the loss for the year to that date

was £173,291 (2013 - £4,725 loss).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

Directors' loan accounts

4,422

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.14

31.12.13

£

Other creditors

270

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

750

Ordinary

1

750

8.

RESERVES

Profit

and loss

account

£

At 1 January 2014

73,846

Deficit for the year

(4,781

)

At 31 December 2014

69,065

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

H Carre

Balance outstanding at start of year

3,532

Amounts repaid

-

Balance outstanding at end of year

3,532

R Jelman

Balance outstanding at start of year

890

Amounts repaid

-

Balance outstanding at end of year

890