Siena Dream Limited - Accounts

SIENA DREAM LIMITED - Company Information

Registered number

05027277

Siena Dream Limited

Report and Accounts

31 December 2013

Siena Dream Limited
Registered number:		05027277
Directors' Report

The directors present their report and accounts for the year ended 31 December 2013.

Principal activities
The company's principal activity during the year continued to be that of an administrative agent for letting villas.

Directors
The following persons served as directors during the year:

	Andrew Gilfillan (Resigned 01/08/2014)
	Versos Directors Limited
	Benjamin Bateson (Appointed 01/08/2014)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 24 September 2014 and signed on its behalf.





Benjamin Bateson
Director

Siena Dream Limited
Profit and Loss Account
for the year ended 31 December 2013


Notes		2013		2012
€			€

Turnover		37,876		21,080

Administrative expenses		(48,202)		(4,200)

Operating (loss)/profit		(10,326)		16,880

Interest receivable & other income	2	110		-
Interest payable & similar charges	3	-		(43)

(Loss)/profit on ordinary activities before taxation		(10,216)		16,837

Tax on (loss)/profit on ordinary activities	4	2,943		(4,125)

(Loss)/profit for the financial year		(7,273)		12,712

Siena Dream Limited
Balance Sheet
as at 31 December 2013

Notes			2013			2012
€				€
Current assets
Debtors	5	15,440			27,440
Cash at bank and in hand		8,791			8,189
		24,231			35,629

Creditors: amounts falling due within one year	6	(7,022)			(11,147)

Net current assets			17,209			24,482

Net assets			17,209			24,482

Capital and reserves
Called up share capital	7		146			146
Profit and loss account	8		17,063			24,336

Shareholder's funds			17,209			24,482

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 member has 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.




Benjamin Bateson
Director
Approved by the board on 24 September 2014

Siena Dream Limited
Notes to the Accounts
for the year ended 31 December 2013

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 April 2008). The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

	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.

	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	Interest receivable & other income					2013		2012
€							€

	Gain on foreign exchange					110		-


3	Interest payable & similar charges					2013		2012
€							€

	Loss on foreign exchange					-		43


4	Taxation					2013		2012
€							€

	UK corporation tax					-		4,125
	UK corporation tax prior year adjustment					(2,943)		-
						(2,943)		4,125


5	Debtors					2013		2012
€							€

	Trade debtors					12,134		12,134
	Other debtors					3,306		15,306
						15,440		27,440


6	Creditors: amounts falling due within one year					2013		2012
€							€

	Corporation tax					-		4,125
	Other creditors					7,022		7,022
						7,022		11,147


7	Share capital	Nominal		2013		2013		2012
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		146		146


8	Profit and loss account					2013
€

	At 1 January 2013					24,336
	Loss for the year					(7,273)

	At 31 December 2013					17,063


9	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.