ACCOUNTS - Final Accounts preparation

GLOBAL LINGO HOLDINGS LIMITED - Company Information

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Registered number: 08671644

GLOBAL LINGO HOLDINGS LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

GLOBAL LINGO HOLDINGS LIMITED

REGISTERED NUMBER: 08671644

ABBREVIATED BALANCE SHEET

AS AT 31 DECEMBER 2015


				2015		2014

	Note	£	£
FIXED ASSETS
Investments	2	1,000	1,000

CURRENT ASSETS
Debtors			1		1

TOTAL ASSETS LESS CURRENT LIABILITIES

1,001

CAPITAL AND RESERVES
Called up share capital	3		1,001		1,001

SHAREHOLDERS' FUNDS

1,001

The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 6 September 2016.

A D Trotter

Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

GLOBAL LINGO HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		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).
		The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

	1.2	Investments
		Investments held as fixed assets are shown at cost less provision for impairment.

	1.3	Comparative Information
		The comparative information is for a 16 month period.

2.FIXED ASSET INVESTMENTS

		£
	Cost or valuation
	At 1 January 2015 and 31 December 2015	1,000

	Net book value
	At 31 December 2015	1,000
	At 31 December 2014	1,000

Subsidiary undertakings

The following were subsidiary undertakings of the company:

		Name	Class of shares	Holding

Global Lingo Limited (United Kingdom)	Ordinary	100%
Global Lingo (S) Pte Limited (Singapore)	Ordinary	100%
Global Lingo SRL (Romania)	Ordinary	100%

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GLOBAL LINGO HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

2.FIXED ASSET INVESTMENTS (continued)

The aggregate of the share capital and reserves as at 31 December 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name	Aggregate of share capital and reserves	Profit/(loss)
	£	£

Global Lingo Limited (United Kingdom)	384,930	143,899
Global Lingo (S) Pte Limited (Singapore)	122,054	46,049
Global Lingo SRL (Romania)	8,754	(678)

3.SHARE CAPITAL

	2015	2014
	£	£
Allotted, called up and fully paid

1,001 Ordinary shares of £1 each	1,001	1,001

4.CONTROLLING PARTY

The company was under the control of its director, Mr A D Trotter, throughout the year.

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