Accounts filed on 30-04-2016
Accounts filed on 30-04-2016
truePassport Investments International Ltd095528982016-04-3049343494431004944349443469432948376426419703445625002500Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.EquipmentMethod for Equipment0.00003053305355355330533053553553Ordinary10011000Ordinary1100100ordinary shares11001000During the period the directors made advances to the company totalling £25,000 and paid expenses on its behalf totalling £28,944. The company made advances to the directors totalling £25,000 and repaid expenses totalling £21,365. Transactions with directors are interest free, unsecured and repayable on demand.2016-07-02C A Barnicktruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePassport Investments International Ltd2015-04-212016-04-30Passport Investments International Ltd2014-05-012015-04-20Passport Investments International Ltd2014-04-30Passport Investments International Ltd2015-04-20Passport Investments International Ltd2015-04-20Passport Investments International Ltd2016-04-30 2016-07-08
