Cambrai Capital Limited - Limited company accounts 11.4
Cambrai Capital Limited - Limited company accounts 11.4
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
FOR |
CAMBRAI CAPITAL LIMITED |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Report of the Independent Auditors | 3 |
Profit and Loss Account | 4 |
Balance Sheet | 5 |
Notes to the Financial Statements | 6 |
CAMBRAI CAPITAL LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
REPORT OF THE DIRECTORS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
The directors present their report with the financial statements of the company for the year ended 31 December 2013. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 January 2013 to the date of this report. |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with |
applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors |
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting |
Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not |
approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the |
company and of the profit or loss of the company for that period. In preparing these financial statements, the directors |
are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and |
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for |
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud |
and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act |
2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have |
taken as a director in order to make himself aware of any relevant audit information and to establish that the company's |
auditors are aware of that information. |
AUDITORS |
The auditors, Nunn Hayward LLP, are deemed to be reappointed as auditors under Section 487(2) of the Companies |
Act 2006. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
to small companies. |
ON BEHALF OF THE BOARD: |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
CAMBRAI CAPITAL LIMITED |
We have audited the financial statements of Cambrai Capital Limited for the year ended 31 December 2013 on pages |
four to eight. The financial reporting framework that has been applied in their preparation is applicable law and United |
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the |
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those |
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent |
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's |
members as a body, for our audit work, for this report, or for the opinions we have formed. |
Respective responsibilities of directors and auditors |
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors. |
Scope of the audit of the financial statements |
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give |
reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or |
error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances |
and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates |
made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and |
non-financial information in the Report of the Directors to identify material inconsistencies with the audited financial |
statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent |
with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material |
misstatements or inconsistencies we consider the implications for our report. |
Opinion on financial statements |
In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 December 2013 and of its loss for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion the information given in the Report of the Directors for the financial year for which the financial statements |
are prepared is consistent with the financial statements. |
Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you |
if, in our opinion: |
- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
- | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors. |
for and on behalf of |
Chartered Accountants |
Statutory Auditor |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
2013 | 2012 |
Notes | £ | £ |
TURNOVER |
Administrative expenses |
OPERATING LOSS | 2 | ( |
) | ( |
) |
Interest receivable and similar income | 3 |
LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION |
( |
) | ( |
) |
Tax on loss on ordinary activities | 4 |
LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
CONTINUING OPERATIONS |
None of the company's activities were acquired or discontinued during the current year or previous year. |
TOTAL RECOGNISED GAINS AND LOSSES |
The company has no recognised gains or losses other than the losses for the current year or previous year. |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
BALANCE SHEET |
31 DECEMBER 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Profit and loss account | 9 |
SHAREHOLDERS' FUNDS | 12 |
The financial statements were approved by the Board of Directors on |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
1. | ACCOUNTING POLICIES |
Compliance with accounting standards |
The financial statements have been prepared in accordance with Companies Act 2006 and applicable |
accounting standards. |
Accounting convention |
The financial statements have been prepared under the historical cost convention. |
Financial reporting standard number 1 |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
2. | OPERATING LOSS |
The operating loss is stated after charging: |
2013 | 2012 |
£ | £ |
Audit fees | 3,600 | 3,000 |
Directors' remuneration and other benefits etc |
3. | INTEREST RECEIVABLE AND SIMILAR INCOME |
2013 | 2012 |
£ | £ |
Bank interest received | 1 | 5 |
4. | TAXATION |
Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2013 nor for the |
year ended 31 December 2012. |
5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
At 1 January 2013 |
and 31 December 2013 | 60 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
5. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Associated company |
Country of incorporation: |
Nature of business: |
% |
Class of shares: | holding |
41.25 |
31.3.13 | 31.3.12 |
£ | £ |
Aggregate capital and reserves | (3,564,046 | ) | (3,421,554 | ) |
Loss for the year | (142,492 | ) | (193,208 | ) |
The results disclosed reflect the position as at the 31 March 2013, since the accounting periods are not |
co-terminus. |
6. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2013 | 2012 |
£ | £ |
Amounts owed by participating interests |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2013 | 2012 |
£ | £ |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
9. | RESERVES |
Profit |
and loss |
account |
£ |
At 1 January 2013 |
Deficit for the year | ( |
) |
At 31 December 2013 |
10. | ULTIMATE PARENT COMPANY |
The company is a wholly-owned subsidiary of Uzel Holdings AS, a company incorporated in the Republic of |
Turkey. Copies of group accounts can be obtained from Uzel Holdings AS, Topçular, Kisla Caddesi No 5, Rami |
34055, Istanbul, Turkey. |
11. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption in Financial Reporting Standard 8 from the requirement to |
disclose transactions with group companies on the grounds that the consolidated financial statements are |
prepared by the parent company. |
CAMBRAI CAPITAL LIMITED (REGISTERED NUMBER: 03886888) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2013 |
12. | RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS |
2013 | 2012 |
£ | £ |
Loss for the financial year | ( |
) | ( |
) |
Net reduction of shareholders' funds | ( |
) | ( |
) |
Opening shareholders' funds |
Closing shareholders' funds |