Accounts filed on 28-02-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 28/02/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 6499239


Registered Number: 6499239

BALANCE SHEET AT 28/02/2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Investments	2		634,920		672,269

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	-		11,887
Cash at bank and in hand		455		20
		455		11,907
CREDITORS: Amounts falling due within one year		605,705		650,802
NET CURRENT LIABILITIES			(605,250)		(638,895)
TOTAL ASSETS LESS CURRENT LIABILITIES			29,670		33,374


CREDITORS: Amounts falling due after more than one year	4		36,435		38,577

NET LIABILITIES			(6,765)		(5,203)

CAPITAL AND RESERVES

Called up share capital	5		100		100
Profit and loss account			(6,865)		(5,303)
SHAREHOLDERS' FUNDS			(6,765)		(5,203)

For the year ending 28/02/2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 23/11/2015 and signed on their behalf by




Mrs Irene Borzenko
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Going Concern
These financial statements have been prepared on the going concern basis as the shareholders have indicated that they will continue to support the company.




1d. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.




1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




2. INVESTMENT FIXED ASSETS

	Other
	Investments	Total
	£	£
Cost
At 01/03/2014	634,920	634,920
At 28/02/2015	634,920	634,920
Amortisation
Net Book Amounts
At 28/02/2015	634,920	634,920
At 28/02/2014	634,920	634,920
This is the cost of an investment in a 24.99% holding in a Russian Joint Stock Company, Zvezda. The investment is denoted in Euros, hence the change in value is only due to exchange rate fluctuations which are expected to be permanent.




3. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Other debtors	-	11,887
	-	11,887




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2015	2014
	£	£
Other creditors	36,435	38,577
	36,435	38,577

This is a loan repayable by 09.10.12 with interest of 1% per annum. The loan was not repaid on time and so interest is still being charged.




5. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100