Abbreviated Company Accounts - MONEYPENNY MANAGEMENT & INVESTMENT LIMITED

Abbreviated Company Accounts - MONEYPENNY MANAGEMENT & INVESTMENT LIMITED

SOPHOS CAPITAL LIMITED - Company Information

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Registered Number 07098381

MONEYPENNY MANAGEMENT & INVESTMENT LIMITED

Abbreviated Accounts

31 December 2013

MONEYPENNY MANAGEMENT & INVESTMENT LIMITED Registered Number 07098381

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Current assets
Debtors 3,192 23,616
Investments 87,635 143,586
Cash at bank and in hand 2,846 2,991
93,673 170,193
Net current assets (liabilities) 93,673 170,193
Total assets less current liabilities 93,673 170,193
Creditors: amounts falling due after more than one year (95,090) (169,186)
Total net assets (liabilities) (1,417) 1,007
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,418) 1,006
Shareholders' funds (1,417) 1,007
  • For the year ending 31 December 2013 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 30 August 2014

And signed on their behalf by:
Patrik Alfvegren, Director

MONEYPENNY MANAGEMENT & INVESTMENT LIMITED Registered Number 07098381

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
The financial statements are prepared in Sterling. Monetary assets and liabilities denominated
in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance
sheet date, adjusted for subsequent significant changes. Exchange differences arising, together with exchange differences on transactions which are translated at the rate ruling at the date of the transaction, are dealt with in the profit and loss account.

Significant foreign exchange rates at 31st December 2013:
GBP/EUR: 1.203104
GBP/SEK: 10.655431

The accounts have been prepared on a going concern basis as the shareholder has indicated
the intention to support the Company notwithstanding the negative equity reflected in these
accounts.