| Valedata Technology Limited |
| Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| € |
€ |
| Fixed assets |
| Investments |
3 |
|
|
- |
|
|
1,500 |
|
| Current assets |
| Debtors |
4 |
|
1,663 |
|
|
5,274 |
| Cash at bank and in hand |
|
|
4,658 |
|
|
4,719 |
|
|
|
6,321 |
|
|
9,993 |
|
| Creditors: amounts falling due within one year |
5 |
|
(193,780) |
|
|
(173,009) |
|
| Net current liabilities |
|
|
|
(187,459) |
|
|
(163,016) |
|
| Net liabilities |
|
|
|
(187,459) |
|
|
(161,516) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
3 |
|
|
3 |
| Profit and loss account |
7 |
|
|
(187,462) |
|
|
(161,519) |
|
| Shareholders' funds |
|
|
|
(187,459) |
|
|
(161,516) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Richard Hazzard for and on behalf of Panfry Limited |
| Director |
| Approved by the board on 8 February 2016 |
|
| Valedata Technology Limited |
| Notes to the Accounts |
| for the year ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Going concern |
|
The financial statements have been prepared on the going concern basis. This is considered appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any future liabilities which might arise. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Group accounts |
|
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 1985 not to prepare group accounts |
|
|
Investments |
|
Investments are valued at cost less provision for any diminution in value. The diminution in value is taken to the profit and loss account. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Euros at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Other interest receivable and similar income |
2014 |
|
2013 |
| € |
€ |
|
|
Gain on foreign exchange |
39 |
|
11 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| € |
|
Cost |
|
At 1 January 2014 |
1,500 |
|
Disposals |
(1,500) |
|
|
At 31 December 2014 |
- |
|
|
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
|
Company |
Country of registration |
Shares held |
|
|
or incorporation |
Class |
% |
|
Outlets Travel Limited |
Malta |
Ordinary |
100 |
|
|
The aggregate amount of capital and reserves and the result of these undertakings for the last relevent year were as follows; |
|
|
|
|
|
|
Principal |
Capital and |
Loss for the |
|
|
|
|
Activity |
Reserves |
year |
|
|
|
|
|
|
€ |
€ |
|
Refer below |
Travel Agent |
(17,641) |
|
(19,141) |
|
|
|
|
|
|
|
|
|
|
The results for the subsidiary undertaking Outlets Travel Limited are taken from the accounts for the year ended 31 December 2009. The investment was disposed of during the year. |
|
|
|
|
| 4 |
Debtors |
2014 |
|
2013 |
| € |
€ |
|
|
Other debtors |
1,663 |
|
5,274 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2014 |
|
2013 |
| € |
€ |
|
|
Other creditors |
193,780 |
|
173,009 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
€ |
€ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2014 |
| € |
|
|
At 1 January 2014 |
(161,519) |
|
Loss for the year |
(25,943) |
|
|
At 31 December 2014 |
(187,462) |
|
|
|
|
|
|
|
|
| 8 |
Ultimate controlling party |
|
|
The Directors are aware of the identity of the ultimate controlling party. However they are under a duty of confidentiality that prevents them from disclosing certain information required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the Standard in respect of confidentiality. |
