Allex Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06257251 (England and Wales)

Allex Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

S J D Hickson

SECRETARY:

Paifang Nominees (UK) Ltd

REGISTERED OFFICE:

22 Billet Street

Taunton

Somerset

TA1 3NG

REGISTERED NUMBER:

06257251 (England and Wales)

ACCOUNTANTS:

Paifang Accountants and Tax Advisors (UK) Limited

22 Billet Street

Taunton

Somerset

TA1 3NG

FIXED ASSETS

Investments

2

1,660,000

1,660,000

CURRENT ASSETS

Debtors

1,167

1,280

Cash at bank and in hand

1,687

9,029

2,854

10,309

CREDITORS

Amounts falling due within one year

1,506,820

1,500,465

NET CURRENT LIABILITIES

(1,503,966

)

(1,490,156

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,034

169,844

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

156,032

169,842

SHAREHOLDERS' FUNDS

156,034

169,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 24 February 2016 and were signed by:

S J D Hickson - 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).

Preparation of consolidated financial statements

The financial statements contain information about Allex 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars 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 June 2014

and 31 May 2015

1,660,000

NET BOOK VALUE

At 31 May 2015

1,660,000

At 31 May 2014

1,660,000

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

following:

Trio Ltd

Country of incorporation: Russian Federation

Nature of business: Manufacture of Kitchen Furniture

%

Class of shares:

holding

Ordinary

93.76

31/12/14

31/12/13

$

$

Aggregate capital and reserves

1,125,000

1,798,000

Profit for the year

27,000

65,000

Trio Ltd does not have the same year end as Allex Ltd as Russian companies must have a December

year end.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

$

$

1

Ordinary

£1

2

2

4.	GOING CONCERN

The going concern of the company is dependant upon the continued support of the beneficial owners

and it is not anticipated that this will change for the foreseeable future.