Bracebeam Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07893767 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

BRACEBEAM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I Vrachimis

Ms M Vrachimi

REGISTERED OFFICE:

Ascot

House

2 Woodberry Grove

London

N12 0FB

REGISTERED NUMBER:

07893767 (England and Wales)

ACCOUNTANTS:

Westminster Accountancy Ltd

Accountants

Westminster House

9 Chapel Place

Rivington Street

London

EC2A 3DQ

FIXED ASSETS

Investments

2

(1,396,958

)

(1,330,436

)

CURRENT ASSETS

Debtors

3

833

31,907

Cash at bank and in hand

1,122,646

1,177,369

1,123,479

1,209,276

CREDITORS

Amounts falling due within one year

(54,196

)

4,593

NET CURRENT ASSETS

1,177,675

1,204,683

TOTAL ASSETS LESS CURRENT LIABILITIES

(219,283

)

(125,753

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

(219,285

)

(125,755

)

SHAREHOLDERS' FUNDS

(219,283

)

(125,753

)

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 September 2015 and were signed on its behalf by:

Ms M Vrachimi - 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).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	FIXED ASSET INVESTMENTS

Loans

€

At 1 January 2014

(1,330,436

)

Additions

(66,522

)

At 31 December 2014

(1,396,958

)

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is € 833 (2013 - € 826 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

€

€

2

Ordinary Share capital

1.00

2

2

5.	CHARITABLE DONATIONS

A donation of €20,000 has been made in respect of missionary and charity work of the Holy Metropolis of

Madagascar.

An acknowledgement of the donation and amount has been obtained dared 14.06.2014

6.	POLITICAL DONATIONS AND EXPENDITURE

20,000 was donated in the year to 31.12.2014 to Diocese Orthodox DE BP

7.	GOING CONCERN

the Balance Sheet as at 31.12.2014 has a negative balance. However, the Directors are confident that the

company will receive enough financial support enable it to trade into the foreseeable future.