SILVERBOWL_PROPERTIES_LIM - Accounts

SILVERBOWL PROPERTIES LIMITED - Company Information

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Company Registration No. 02311587 (England and Wales)

SILVERBOWL PROPERTIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

SILVERBOWL PROPERTIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SILVERBOWL PROPERTIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

1,000,000

Total assets less current liabilities

1,000,000

Capital and reserves

Called up share capital

1,000,000

Shareholders' funds

1,000,000

Audit exemption statement

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 Companies Act 2006 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 and authorised for issue on 29 September 2015

Mr G M Klat

Director

Company Registration No. 02311587

SILVERBOWL PROPERTIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Debtors

Debtors include an amount of £1,000,000 (2013 - £1,000,000) which is due after more than one year.

Share capital

2014

2013

Allotted, called up and fully paid

1,000,000 Ordinary shares of £1 each

1,000,000

Ultimate parent company

The immediate holding company is Libanit Investments Limited, a company incorporated in England and Wales.

The ultimate holding company is Klat Holdings SA, a company incorporated in Liechtenstein.

The ultimate controlling party is considered by the directors to be The Michel Klat Children's Settlement (23.3.93), which holds 80% of the shares in Klat Holdings SA.