Abbreviated Company Accounts - LIONTREE LIMITED

Registered Number 05291038

LIONTREE LIMITED

Abbreviated Accounts

30 June 2015

LIONTREE LIMITED Registered Number 05291038

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		€	€
Fixed assets
Investments	2	1,342,004	1,342,348
		1,342,004	1,342,348
Current assets
Debtors		3,145	23,044
		3,145	23,044
Creditors: amounts falling due within one year		(9,761)	(23,490)
Net current assets (liabilities)		(6,616)	(446)
Total assets less current liabilities		1,335,388	1,341,902
Creditors: amounts falling due after more than one year		(1,451,921)	(1,430,489)
Total net assets (liabilities)		(116,533)	(88,587)
Capital and reserves
Called up share capital		143	143
Profit and loss account		(116,676)	(88,730)
Shareholders' funds		(116,533)	(88,587)

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2016

And signed on their behalf by:
Buckingham Directors Limited, Director

LIONTREE LIMITED Registered Number 05291038

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
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 financial statements have been prepared on a going concern basis due to continued support of the shareholders. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Foreign currency translation

The financial statements are presented in Euro.

Monetary assets and liabilities denominated in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Fixed assets Investments
Floma Investment SL (Spain) - 40.62 % of Ordinary shares