Ritz Property (2013) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08765498 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

7 NOVEMBER 2013 TO 31 DECEMBER 2014

FOR

RITZ PROPERTY (2013) LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Investments

2

17,000,000

CURRENT ASSETS

Debtors

380,859

CREDITORS

Amounts falling due within one year

12,761,440

NET CURRENT LIABILITIES

(12,380,581

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,619,419

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

99,990

Revaluation reserve

4,641,914

Profit and loss account

(122,585

)

SHAREHOLDERS' FUNDS

4,619,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period 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 27 January 2016 and were signed on its behalf by:

P M Telfer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements are prepared under the historical cost convention as modified by the revaluation of fixed

asset investments, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Preparation of consolidated financial statements

The financial statements contain information about Ritz Property (2013) Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

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

Investments

Investments were valued by the directors after advice from independent professional advisors with regard to the

assets of Ritz Investimentos Imobilairios LTDA at the balance sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

Additions

12,358,086

Revaluations

4,641,914

At 31 December 2014

17,000,000

NET BOOK VALUE

At 31 December 2014

17,000,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ritz Management Limited

Nature of business: Limited Company

%

Class of shares:

holding

Ordinary

100.00

2014

£

Aggregate capital and reserves

100

Ritz-G5 Limited

Nature of business: Limited company

%

Class of shares:

holding

2014

£

Aggregate capital and reserves

(635,435

)

Loss for the period

(948,362

)

Ritz-G5 Limited is a 100% owned subsidiary of Ritz Management Limited

Mediterranean Projects Limited

Nature of business: Limited company

%

Class of shares:

holding

2014

£

Aggregate capital and reserves

3,852,708

Loss for the period

(3,689,046

)

Mediterranean Projects Limited is a 100% owned subsidiary of Ritz Management Limited

Ritz (London) LP

Nature of business: Limited partnership

%

Class of shares:

holding

2014

£

Aggregate capital and reserves

(1,315,564

)

Loss for the period

(394,180

)

Ritz (London) LP is a Limited Partnership 90% owned by Mediterranean Projects Limited, 10% owned by

Ritz-G5 Limited.

Ritz Property Brazil LP

Nature of business: Limited partnership

%

Class of shares:

holding

2014

£

Aggregate capital and reserves

4,975,945

Loss for the period

(3,704,760

)

Ritz Property Brazil LP is a Limited Partnership 90% owned by Mediterranean Projects Limited, 10% owned by

Ritz-G5 Limited.

Ritz Property Investimentos Imobiliarios LTDA

Country of incorporation: Brazil

Nature of business:

%

Class of shares:

holding

2014

£

Aggregate capital and reserves

8,768,313

Profit for the period

10,690,745

Ritz Investimentos Imobiliarios LTDA is a Brazilian company 100% owned by Ritz Property Brazil LP.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100