Abbreviated Company Accounts - NEMADI ADVISORS LIMITED

1Accounting Policies

Turnover policy
Turnover comprises fees earned on investment advisory services exclusive of VAT.

Turnover is recognised as it is earned throughout the year, and to the extent that the contractual obligations to the client have been met at the year end.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office Equipment - 20% straight line

Other accounting policies
Foreign currencies
Transactions denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the date of transaction. At the balance sheet date, monetary assets and liabilities denominated in foreign currency are translated at the date ruling at that date. All exchange differences are dealt with in the profit and loss account.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3Fixed assets Investments
The company owns the entire share capital of Nemadi General Partners Limited, a company incorporated in England and Wales whose principal activity is financial management. During the year ended 28 February 2015 Nemadi General Partners Limited made a loss of £241 (2014 - £nil) and at 28 February 2015 it had net liabilities of £240 (2014 - net assets of £1).