| Gladevale Investments Limited |
| Registered number: |
05665622 |
| Director's Report |
|
| The director presents his report and accounts for the year ended 31 December 2014. |
|
| Principal activities |
| The company's principal activity during the year was that of an investment holding company. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Lombrado Limited |
|
David Cathersides (Resigned 29/09/2014) |
|
Benjamin Bateson (Appointed 29/09/2014) |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 25 September 2015 and signed on its behalf. |
|
|
|
|
|
| Ben Bateson |
| Director |
|
| Gladevale Investments Limited |
| Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| CHF |
CHF |
| Fixed assets |
| Investments |
2 |
|
|
999,200 |
|
|
999,200 |
|
| Current assets |
| Debtors |
3 |
|
- |
|
|
(6) |
| Cash at bank and in hand |
|
|
1,170 |
|
|
5,866 |
|
|
|
1,170 |
|
|
5,860 |
|
| Creditors: amounts falling due within one year |
4 |
|
- |
|
|
(2,767) |
|
| Net current assets |
|
|
|
1,170 |
|
|
3,093 |
|
| Total assets less current liabilities |
|
|
|
1,000,370 |
|
|
1,002,293 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,039,108) |
|
|
(1,039,108) |
|
|
|
| Net liabilities |
|
|
|
(38,738) |
|
|
(36,815) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
3 |
|
|
3 |
| Profit and loss account |
7 |
|
|
(38,741) |
|
|
(36,818) |
|
| Shareholders' funds |
|
|
|
(38,738) |
|
|
(36,815) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Ben Bateson |
| Director |
| Approved by the board on 25 September 2015 |
|
| Gladevale Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Swiss Francs at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements. |
|
|
Investments |
|
Fixed asset investments are stated at cost less provision for diminution in value. |
|
|
| 2 |
Investments |
|
| Other |
| investments |
| CHF |
|
Cost |
|
At 1 January 2014 |
999,200 |
|
|
At 31 December 2014 |
999,200 |
|
|
|
|
|
|
|
|
|
|
Other investments |
2014 |
|
2013 |
| CHF |
CHF |
|
|
Unlisted investments |
999,200 |
|
999,200 |
|
|
|
|
|
|
|
|
|
|
Unlisted investments comprises an investment in the following undertaking:
Name: Alfredo Polti SA
Country of incorporation: Switzerland
Principal place of business: Industria del Granito, 6537 Grono, Switzerland
Holding: 19.20% of the nominal value of the single class of share capital |
|
| 3 |
Debtors |
2014 |
|
2013 |
| CHF |
CHF |
|
|
Other debtors |
- |
|
(6) |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| CHF |
CHF |
|
|
Other creditors |
- |
|
2,767 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2014 |
|
2013 |
| CHF |
CHF |
|
|
Other creditors |
1,039,108 |
|
1,039,108 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
CHF |
CHF |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| CHF |
|
|
At 1 January 2014 |
(36,818) |
|
Loss for the year |
(1,923) |
|
|
At 31 December 2014 |
(38,741) |
|
|
|
|
|
|
|
|
| 8 |
Ultimate controlling party |
|
|
The directors are aware of the identity of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the Standard in respect of confidentiality. |
