YORK_INVESTMENTS_LTD - Accounts

YORK INVESTMENTS LTD - Company Information

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Company Registration No. 04165194 (England and Wales)

YORK INVESTMENTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Taylor Associates

Chartered Accountants

YORK INVESTMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

YORK INVESTMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

3,115,882

3,215,782

Current assets

Debtors

422,929

673,878

Cash at bank and in hand

160,805

422,929

834,683

Creditors: amounts falling due within one year

(2,377,525)

(3,000)

Net current liabilities/(assets)

(1,954,596)

831,683

Total assets less current liabilities

1,161,286

4,047,465

Creditors: amounts falling due after more than one year

(2,354,852)

1,161,286

1,692,613

Capital and reserves

Called up share capital

1,663,146

Profit and loss account

(501,860)

29,467

Shareholders' funds

1,161,286

1,692,613

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 July 2016

Mr Ali Farhani

Director

Company Registration No. 04165194

YORK INVESTMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Investments

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

Fixed assets

Investments

Cost

At 1 January 2014

3,215,782

Additions

100

Disposals

(100,000)

At 31 December 2014

3,115,882

At 31 December 2013

3,215,782

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

York Investments Overseas Ltd

England and Wales

Ordinary

100.00

London Elizabeth Hotel (2014) Ltd

England and Wales

Ordinary

100.00

B.E.N Management Ltd

England and Wales

Ordinary

100.00

YORK INVESTMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

York Investments Overseas Ltd

Investment company

80,874

47,761

London Elizabeth Hotel (2014) Ltd

Hoteliers

100

B.E.N Management Ltd

Non-trading company

B.E.N Management Ltd was dissolved from the Registrar of Companies on 21 January 2014.

Share capital

2014

2013

Allotted, called up and fully paid

1,663,146 of £1 each

1,663,146

Related party relationships and transactions

At the balance sheet date, the company owed £2,374,125 to Amafhhar Limited, the parent company (2013 - Nil).

At the balance sheet date, the company was owed £422,929 by its subsidiary, York Investments Overseas Ltd (2013 - £422,929).