Ipagb Limited - Period Ending 2013-12-31

Registration number: SC453196

Ipagb Limited

Unaudited Abbreviated Accounts

for the Period from 26 June 2013 to 31 December 2013

 

DTL Advisory Limited
Chartered Certified Accountants
5th Floor, North Side
7/10 Chandos Street
London
W1G 9DQ

Ipagb Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Ipagb Limited
(Registration number: SC453196)
Abbreviated Balance Sheet at 31 December 2013

		Note			31 December 2013 €
Fixed assets
Investments					160,000
Current assets
Debtors		3			10,024
Cash at bank and in hand					697
					10,721
Creditors: Amounts falling due within one year					(167,990)
Net current liabilities					(157,269)
Net assets					2,731
Capital and reserves
Called up share capital		4			10,000
Profit and loss account					(7,269)
Shareholders' funds					2,731

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 director acknowledges her 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 director on 24 September 2014

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Ipagb Limited
(Registration number: SC453196)
Abbreviated Balance Sheet at 31 December 2013
......... continued

.........................................
Ms A C Hogan
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Ipagb Limited
Notes to the Abbreviated Accounts for the Period from 26 June 2013 to 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

		Investments €			Total €
Cost
Additions		160,000			160,000
At 31 December 2013		160,000			160,000
Depreciation
At 31 December 2013		-			-
Net book value
At 31 December 2013		160,000			160,000

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Belarus Investment Limited a company incorporated in the UK	Ordinary	41%	Investment holding company

Page 3

Ipagb Limited
Notes to the Abbreviated Accounts for the Period from 26 June 2013 to 31 December 2013
......... continued

3

Debtors

Debtors includes 10,024 receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	31 December 2013
		No.			€
Ordinary Shares of €100.00 each		100			10,000

New shares allotted

During the period 100 Ordinary Shares having an aggregate nominal value of €10,000 were allotted for an aggregate consideration of €10,000.

Page 4