Sela North Europe Limited - Limited company - abbreviated

REGISTERED NUMBER: SC251524 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Sela North Europe Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Marios Papantoniou

SECRETARY:

Axiano Company Secretaries Limited

REGISTERED OFFICE:

71 Brunswick Street

Edinburgh

Lothian

EH7 5HS

REGISTERED NUMBER:

SC251524 (Scotland)

FIXED ASSETS

Investments

2

261,724

CURRENT ASSETS

Debtors

31,666

10,259

Cash at bank

102

671

31,768

10,930

CREDITORS

Amounts falling due within one year

20,411

4,413

NET CURRENT ASSETS

11,357

6,517

TOTAL ASSETS LESS CURRENT
LIABILITIES

273,081

268,241

CREDITORS

Amounts falling due after more than one
year

270,759

267,821

NET ASSETS

2,322

420

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

2,321

419

SHAREHOLDERS' FUNDS

2,322

420

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 director acknowledges his 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 director on 18 December 2015 and were signed by:

Marios Papantoniou - 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.

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 sterling at the rates of exchange ruling at the

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

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

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

and 31 December 2014

261,724

NET BOOK VALUE

At 31 December 2014

261,724

At 31 December 2013

261,724

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

1

Ordinary

£1

1

Sela North Europe Limited - Limited company - abbreviated - 11.6

Sela North Europe Limited - Limited company - abbreviated - 11.6