ACTIOPRIMA_LTD - Accounts

ACTIOPRIMA LTD - Company Information

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Company Registration No. 08479067 (England and Wales)

ACTIOPRIMA LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

ACTIOPRIMA LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

ACTIOPRIMA LTD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ACTIOPRIMA LTD FOR THE YEAR ENDED 31 DECEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Actioprima Ltd for the year ended 31 December 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Actioprima Ltd, as a body, in accordance with the terms of our engagement letter dated 12 April 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Actioprima Ltd and state those matters that we have agreed to state to the Board of Directors of Actioprima Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Actioprima Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Actioprima Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Actioprima Ltd. You consider that Actioprima Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Actioprima Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harris & Company (C.A.) Limited

29 March 2016

Chartered Accountants

Suite C

4-6 Canfield Place

London

NW6 3BT

ACTIOPRIMA LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 2 -

2015

2014

Notes

Fixed assets

Investments

1,408,250

Current assets

Debtors

125,253

19,500

Cash at bank and in hand

16,978

380

142,231

19,880

Creditors: amounts falling due within one year

(163,309)

(125,719)

Net current liabilities

(21,078)

(105,839)

Total assets less current liabilities

1,387,172

1,302,411

Capital and reserves

Called up share capital

Profit and loss account

1,387,171

1,302,410

Shareholder's funds

1,387,172

1,302,411

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 29 March 2016

Mr P Godfrey

Director

Company Registration No. 08479067

ACTIOPRIMA LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

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 January 2015).

1.2

Compliance with and departure from 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).

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

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 2015

Additions

1,408,250

At 31 December 2015

1,408,250

At 31 December 2014

1,408,250

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

Modelbond Limited

United Kingdom

Ordinary

100.00

ACTIOPRIMA LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

Fixed assets

(Continued)

- 4 -

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

2015

Principal activity

Modelbond Limited

Investment holding

(853)

(502,322)

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Ultimate parent company

The ultimate controlling party is Mr P Godfrey, who is also the company's director.