Christlieb Capital UK Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06541389 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Christlieb Capital UK Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Majekodunmi

Mr. S.M. Foster

Ms F Ademola-Majekodunmi

REGISTERED OFFICE:

Third Floor

120 Moorgate

London

EC2M 6UR

REGISTERED NUMBER:

06541389 (England and Wales)

ACCOUNTANTS:

Maurice J. Bushell & Co

Third Floor

120 Moorgate

London

EC2M 6UR

FIXED ASSETS

Tangible assets

2

2,735

14,350

Investments

3

1

1

2,736

14,351

CURRENT ASSETS

Stocks

262

262

Debtors

20,985

29,925

Cash at bank

13,547

-

34,794

30,187

CREDITORS

Amounts falling due within one year

51,583

131,843

NET CURRENT LIABILITIES

(16,789

)

(101,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,053

)

(87,305

)

CREDITORS

Amounts falling due after more than one year

-

2,312

NET LIABILITIES

(14,053

)

(89,617

)

CAPITAL AND RESERVES

Called up share capital

4

2,600,000

2,000,000

Profit and loss account

(2,614,053

)

(2,089,617

)

SHAREHOLDERS' FUNDS

(14,053

)

(89,617

)

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 30 September 2015 and were signed on its behalf by:

Mr A Majekodunmi - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

Going concern

After making enquiries the directors have reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. For this reason, they continue

to adopt the going concern basis in preparing the accounts.

The directors considers that no additional disclosures in respect of going concern are necessary for the

accounts to give a true and fair view.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

25,773

Additions

1,872

Disposals

(21,243

)

At 31 December 2014

6,402

DEPRECIATION

At 1 January 2014

11,423

Charge for year

1,241

Eliminated on disposal

(8,997

)

At 31 December 2014

3,667

NET BOOK VALUE

At 31 December 2014

2,735

At 31 December 2013

14,350

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

1

NET BOOK VALUE

At 31 December 2014

1

At 31 December 2013

1

4.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid:

2014

2013

Number:

Class:

Nominal value:

£

£

2,600,000

Ordinary

£1

2,600,000

2,000,000

On 31st December 2014 the company issued 600,000 new £1 ordinary shares at par.

The consideration for the shares was by way of the satisfaction of a loan account.

5.	RELATED PARTY DISCLOSURES

Mr A Majekodunmi

Managing director and owns 33.3% of the issued share capital.

The amount due to the director was as a result of business expenses paid personally by the director.

2014

2013

£

£

Amount due to related party at the balance sheet date

41,592

42,954

Brandscapital UK Limited

Majority shareholder of Christlieb Capital UK Limited

Brandscapital UK Limited is the parent company and owns 66.66% of the issued share capital.

Brandscapital UK Limited is under effective control of Mr A. Majekodunmi.

The company holds a 100% investment in its subsidiary company Occidental Grains Limited. The

subsidiary is incorporated in England and Wales and did not commence trading by the balance sheet

date. There were no transactions between the company and its subsidiary during the financial year.

No other transactions with related parties were undertaken such as are required to be disclosed under

Financial Reporting for Smaller Entities (effective April 2008).