Barleda Limited - Period Ending 2015-12-31

Registration number: 05236632

Barleda Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015

Barleda Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 4

Barleda Limited

(Registration number: 05236632)
Abbreviated Balance Sheet as at 31 December 2015

	Note	2015 €	2014 €
Fixed assets
Investments	2	686,255	665,969
Current assets
Debtors		2,851	-
Cash at bank and in hand		3,126	3,095
		5,977	3,095
Creditors: Amounts falling due within one year		(26,668)	(26,846)
Net current liabilities		(20,691)	(23,751)
Total assets less current liabilities		665,564	642,218
Accruals and deferred income		(6,415)	(5,327)
Net assets		659,149	636,891
Capital and reserves
Called up share capital	3	601,069	601,069
Profit and loss account		58,080	35,822
Shareholders funds		659,149	636,891

For the year ending 31 December 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 12 April 2016 and signed on its behalf by:

.........................................
M. Brooks
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Barleda Limited

Notes to the Abbreviated Accounts

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 January 2015).

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Fixed asset investments

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

Foreign currency

The company's accounting records are maintained in Euros. Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.

Page 2

Barleda Limited

Notes to the Abbreviated Accounts

Fixed assets

	Investments €	Total €
Cost
At 1 January 2015	678,339	678,339
Additions	20,286	20,286
At 31 December 2015	698,625	698,625
Depreciation
At 1 January 2015	12,370	12,370
At 31 December 2015	12,370	12,370
Net book value
At 31 December 2015	686,255	686,255
At 31 December 2014	665,969	665,969

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

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Barleda Netherlands B.V	Netherlands	Ordinary	100%	Investment company

Participating interests
Barleda Poland SP.ZO.O	Poland	Ordinary	48.67%	Real estate

The loss for the financial period of Barleda Netherlands B.V was €198,000 and the aggregate amount of capital and reserves at the end of the period was €426,302.

The loss for the financial period of Barleda Poland SP.ZO.O was €76,825 and the aggregate amount of capital and reserves at the end of the period was €(1,802,922).

The company has provided two loans to Barleda Poland SP.ZO.O. €252,987 bearing interest of 6% per annum and €250,000 bearing interest calculated at EURIBOR 1Y+2% per annum.

Page 3

Barleda Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	€	No.	€
Ordinary A shares of £ 1 each	2	3	2	3
Ordinary B shares of €1 each	601,066	601,066	601,066	601,066
	601,068	601,069	601,068	601,069

Page 4