Financial Alan Limited - Abbreviated accounts

FINANCIAL ALAN LIMITED - Company Information

Registered number

03837936

Financial Alan Limited

Abbreviated Accounts

31 December 2015

Financial Alan Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Financial Alan Limited for the year ended 31 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Financial Alan Limited for the year ended 31 December 2015 which comprise of the balance sheet and the related notes 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 Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the Board of Directors of Financial Alan Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of Financial Alan Limited and state those matters that we have agreed to state to the Board of Directors of Financial Alan Limited, as a body, in this report in accordance with the requirements for the compilation if financial statements. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Financial Alan Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Financial Alan Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Financial Alan Limited. You consider that Financial Alan Limited 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 accounts of Financial Alan Limited. 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 abbreviated accounts.

Carbon Accountancy Limited
T/a Roland Klepzig Carbon Accountancy
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

20 May 2016

Financial Alan Limited
Registered number:		03837936
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
€				€
Fixed assets
Investments	2		237,895			237,895

Current assets
Debtors		-			598
Cash at bank and in hand		588			-
		588			598

Creditors: amounts falling due within one year		(5,606)			(5,574)

Net current liabilities			(5,018)			(4,976)

Total assets less current liabilities			232,877			232,919

Creditors: amounts falling due after more than one year			(192,950)			(187,376)



Net assets			39,927			45,543

Capital and reserves
Called up share capital	3		7,092			7,092
Profit and loss account			32,835			38,451

Shareholders' funds			39,927			45,543

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.


Roland Klepzig
for and on behalf of
Copperfield Corporate Management Limited
Director
Approved by the board on 20 May 2016

Financial Alan Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Reporting currency
	The company's investment activities are conducted in continental Europe and as such all transactions are undertaken in Euros (€). The financial records are maintained in € and these financial statement are therefore denominated in €. Transactions in currencies other than the € are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in currencies other than the € are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Investments					€

	Cost
	At 1 January 2015					237,895

	At 31 December 2015					237,895

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

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	€		€
	Vibrowest Italiana SRL	Ordinary		50		978,247		14,667




3	Share capital	Nominal		2015		2015		2014
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	€1.42 each		5,000		7,092		7,092