Societe Cueva Azul Limited - Limited company accounts 11.7

REGISTERED NUMBER: 01922467 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2015

for

Societe Cueva Azul Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Alida Andreoli

SECRETARY:

Joanne Wight

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

UK

N21 3NA

REGISTERED NUMBER:

01922467 (England and Wales)

The director presents her report with the financial statements of the company for the year ended 31 March 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of holding property outside the United

Kingdom. However the Company did not trade during the year. The Director does not expect any significant changes in

the coming year.

DIRECTOR

Alida Andreoli held office during the whole of the period from 1 April 2014 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has 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 director must not

approve the financial statements unless she is 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 director is

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 director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is 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.

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:

Alida Andreoli - Director

23 November 2015

TURNOVER

-

Administrative expenses

15,753

38,183

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(15,753

)

(38,183

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(15,753

)

(38,183

)

FIXED ASSETS

Investment property

4

201,461

CURRENT ASSETS

Debtors

5

4,102

Cash at bank

29

2,436

4,131

6,538

CREDITORS

Amounts falling due within one year

6

43,666

37,819

NET CURRENT LIABILITIES

(39,535

)

(31,281

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

161,926

170,180

CREDITORS

Amounts falling due after more than one
year

7

709,346

701,847

NET LIABILITIES

(547,420

)

(531,667

)

CAPITAL AND RESERVES

Called up share capital

8

3

Profit and loss account

9

(547,423

)

(531,670

)

SHAREHOLDERS' FUNDS

(547,420

)

(531,667

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 23 November 2015 and were signed by:

Alida Andreoli - 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).

Investment property

No depreciation or amortisation is provided in respect of freehold investment properties and leasehold

investment properties with over 20 years to expiry. The Director considers that this accounting policy results in

the financial statements giving a true and fair view. Depreciation or amortisation is only one of many factors

reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately

identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	OPERATING LOSS

The operating loss is stated after charging:

31.3.15

31.3.14

€

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2015 nor for the year

ended 31 March 2014.

4.	INVESTMENT PROPERTY

Total

€

COST

At 1 April 2014

and 31 March 2015

201,461

NET BOOK VALUE

At 31 March 2015

201,461

At 31 March 2014

201,461

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

€

Prepayments

4,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.15

31.3.14

€

Other creditors

40,666

34,819

Accrued expenses

3,000

43,666

37,819

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.15

31.3.14

€

Shareholders' current accounts

709,346

701,847

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

€

2

Ordinary

£1

3

9.

RESERVES

Profit

and loss

account

€

At 1 April 2014

(531,670

)

Deficit for the year

(15,753

)

At 31 March 2015

(547,423

)