Immense Investments Limited - Period Ending 2015-12-31

Registration number: 03432849

Immense Investments Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 December 2015

Immense Investments Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Immense Investments Limited

(Registration number: 03432849)
Abbreviated Balance Sheet as at 31 December 2015

	Note	2015  £	2014  £
Fixed assets
Investments		566,102	566,102
Creditors: Amounts falling due within one year		(100,464)	(90,175)
Net assets		465,638	475,927
Capital and reserves
Called up share capital	3	627,685	627,685
Profit and loss account		(162,047)	(151,758)
Shareholders' funds		465,638	475,927

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 30 July 2016 and signed on its behalf by:

.........................................
E. Maslikova
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Immense Investments Limited

Notes to the Abbreviated Accounts

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 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.

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 Pounds Sterling. 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

Immense Investments Limited

Notes to the Abbreviated Accounts

2

Fixed assets

	Investments £	Total £
Cost
At 1 January 2015	566,102	566,102
At 31 December 2015	566,102	566,102
Depreciation
At 31 December 2015	-	-
Net book value
At 31 December 2015	566,102	566,102
At 31 December 2014	566,102	566,102

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
Romagest Srl	Italy	Ordinary	55%	Hotel administration
Iniziativa Albergheira Srl	Italy	Ordinary	100%	Owning hotels and shops

The profit for the financial period of Romagest Srl was £6,825 and the aggregate amount of capital and reserves at the end of the period was £(46,531).

The profit for the financial period of Iniziativa Albergheira Srl was £8,592 and the aggregate amount of capital and reserves at the end of the period was £568,923.

3

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary shares of £1 each	627,685	627,685	627,685	627,685

Page 3