Accounts filed on 30-11-2015

LLANFAIR CAEREINION CWNI DALIANNOL LTD. - Company Information

false true true true 2014-12-01 2015-11-30 04115679 2014-12-01 2015-11-30 04115679 2014-12-01 2015-11-30 04115679 2014-12-01 04115679 2015-11-30 04115679 2013-12-01 2014-11-30 04115679 2013-12-01 2014-11-30 04115679 2013-12-01 04115679 2014-11-30 04115679 uk-bus:Director1 2014-12-01 2015-11-30 04115679 uk-bus:Director1 2014-12-01 04115679 uk-bus:Director1 2015-11-30 04115679 uk-bus:Director2 2014-12-01 2015-11-30 04115679 uk-bus:Director2 2014-12-01 04115679 uk-bus:Director2 2015-11-30 04115679 uk-bus:CompanySecretary 2014-12-01 2015-11-30 04115679 uk-bus:AllEntityOfficers 2014-12-01 2015-11-30 04115679 uk-bus:AllEntityOfficers 2013-12-01 2014-11-30 04115679 uk-bus:RegisteredOffice 2014-12-01 2015-11-30 iso4217:GBP xbrli:pure xbrli:shares 04115679 uk-gaap:WithinOneYear 2015-11-30 04115679 uk-gaap:WithinOneYear 2014-11-30 04115679 uk-gaap:AfterOneYear 2015-11-30 04115679 uk-gaap:AfterOneYear 2014-11-30 04115679 2014-11-30 04115679 uk-bus:AllOrdinaryShares 2014-12-01 2015-11-30 04115679 uk-bus:AllOrdinaryShares 2015-11-30 04115679 uk-bus:AllOrdinaryShares 2013-12-01 2014-11-30 04115679 uk-bus:AllOrdinaryShares 2014-11-30 04115679 uk-bus:AllPreferenceShares 2014-12-01 2015-11-30 04115679 uk-bus:AllPreferenceShares 2015-11-30 04115679 uk-bus:AllPreferenceShares 2013-12-01 2014-11-30 04115679 uk-bus:AllPreferenceShares 2014-11-30 04115679 uk-gaap:NetGoodwill 2014-11-30 04115679 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-11-30 04115679 uk-gaap:NetGoodwill 2015-11-30 04115679 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-11-30 04115679 uk-gaap:LandBuildings 2014-11-30 04115679 uk-gaap:PlantMachinery 2014-11-30 04115679 uk-gaap:FixturesFittings 2014-11-30 04115679 uk-gaap:OfficeEquipment 2014-11-30 04115679 uk-gaap:MotorVehicles 2014-11-30 04115679 uk-gaap:LandBuildings 2015-11-30 04115679 uk-gaap:PlantMachinery 2015-11-30 04115679 uk-gaap:FixturesFittings 2015-11-30 04115679 uk-gaap:OfficeEquipment 2015-11-30 04115679 uk-gaap:MotorVehicles 2015-11-30 04115679 uk-gaap:LandBuildings 2014-12-01 2015-11-30 04115679 uk-gaap:PlantMachinery 2014-12-01 2015-11-30 04115679 uk-gaap:FixturesFittings 2014-12-01 2015-11-30 04115679 uk-gaap:OfficeEquipment 2014-12-01 2015-11-30 04115679 uk-gaap:MotorVehicles 2014-12-01 2015-11-30 04115679 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-12-01 2015-11-30 04115679 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-12-01 2014-11-30 04115679 uk-gaap:LeasedTangibleFixedAssets 2014-12-01 2015-11-30 04115679 uk-gaap:LeasedTangibleFixedAssets 2013-12-01 2014-11-30 04115679 uk-gaap:NetGoodwill 2014-12-01 2015-11-30 04115679 uk-gaap:NetGoodwill 2013-12-01 2014-11-30 04115679 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-12-01 2015-11-30 04115679 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-12-01 2014-11-30 04115679 uk-gaap:BetweenOneFiveYears 2015-11-30 04115679 uk-gaap:BetweenOneFiveYears 2014-11-30 04115679 uk-gaap:MoreThanFiveYears 2015-11-30 04115679 uk-gaap:MoreThanFiveYears 2014-11-30

Company Registration Number:
04115679 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 December 2014

End date: 30 November 2015

Contents of the Financial Statements

for the Period Ended 30 November 2015


Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

Directors' Report Period Ended 30 November 2015

The directors present their report with the financial statements of the company for the period ended 30 November 2015

Principal activities

The principal activity of the company in the period under rewiew was acting as agent, providing business consultancy and legal and economic advisory services, intermediary services, associated professional assistance and debt collection.

Directors

The director(s) shown below were appointed to the company during the period
Ozan Bozkuzu on 28 December 2014

The director(s) shown below resigned during the period
Valeriy Smolyakov on 28 December 2014

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 30 August 2016
And Signed On Behalf Of The Board By:

Name: Ozan Bozkuzu
Status: Director

Profit and Loss Account

for the Period Ended 30 November 2015

	2015 £	2014 £
Turnover:	120,361	124,771
Cost of sales:	( 391,118 )	( 208,206 )
Gross profit or (loss):	( 270,757 )	( 83,435 )
Administrative expenses:	( 690 )	( 1,691 )
Other operating income:	0	14,440
Operating profit or (loss):	( 271,447 )	( 70,686 )
Interest receivable and similar income:	0	2
Interest payable and similar charges:	0	( 99 )
Profit or (loss) on ordinary activities before taxation:	( 271,447 )	( 70,783 )
Profit or (loss) for the financial year:	( 271,447 )	( 70,783 )

The notes form part of these financial statements

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

Balance sheet

As at 30 November 2015

	Notes	2015 £	2014 £
Fixed assets
Total fixed assets:		0	0
Current assets
Stocks:		903,025	903,025
Debtors:	2	3,930,520	3,811,159
Cash at bank and in hand:		1,208	1,208
Total current assets:		4,834,753	4,715,392
Creditors: amounts falling due within one year:	3	( 1,400,475 )	( 1,150,785 )
Net current assets (liabilities):		3,434,278	3,564,607
Total assets less current liabilities:		3,434,278	3,564,607
Creditors: amounts falling due after more than one year:	4	( 3,761,847 )	( 3,620,729 )
Total net assets (liabilities):		( 327,569 )	( 56,122 )

The notes form part of these financial statements

Balance sheet continued

As at 30 November 2015

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	5	100	100
Profit and loss account:	6	( 327,669 )	( 56,222 )
Shareholders funds:		( 327,569 )	( 56,122 )

For the year ending 30 November 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 30 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ozan Bozkuzu
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 November 2015

1. Accounting policies

Basis of measurement and preparation of accounts

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

Turnover policy

Turnover represents income derived from the prinicpal activity of the company and is stated net of VAT.

Notes to the Financial Statements

for the Period Ended 30 November 2015

2. Debtors

	2015 £	2014 £
Trade debtors:	1,772,640	1,772,640
Other debtors:	2,157,880	2,038,519
Total:	3,930,520	3,811,159

The item of Debtors actually does not include unspecified amount of some receivables. The company Llanfair Caereinion Cwni Daliannol Ltd. and the company WPB Capital, credit union (ex FIDELITY, credit union) entered on 20 November, 2002 into a contract containing an agreement on terms and conditions of guaranteeing the recoverability of specific receivables of WPB Capital, credit union, against its debtors, and at the same time the terms and conditions of assignment of the particular receivables of WPB Capital, credit union, from WPB Capital, credit union, as the assignor to Llanfair Caereinion Cwni Daliannol Ltd as the assignee. Because the recoverability of the receivables was worsened / at risk, Llanfair Caereinion Cwni Daliannol Ltd. exercised its option right set by the contract dated 20 November, 2002 on 10 May, 2013 and filed a lawsuit with the Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic and there has been made an arbitration award in such subject matter on 2 June, 2014 which stated that Llanfair Caereinion Cwni Daliannol Ltd. was as of 10 May, 2013 the owner of the receivables specified thereof. In accordance with the contract of 20 November, 2002 there should have been an expert appointed after an agreement between Llanfair Caereinion Cwni Daliannol Ltd. and WPB Capital, credit union, who would determine by an expert evidence a valuation of the assigned claims, which should have been paid by Llanfair Caereinion Cwni Daliannol Ltd. to WPB Capital, credit union for the receivables. However; WPB Capital, credit union went into liquidation immediately after that. WPB Capital, credit union, in liquidation, became represented by JUDr. Jiří Švihla who refuses anywise to negotiate with Llanfair Caereinion Cwni Daliannol Ltd. and takes a series of obstructive steps, e. g. the application for revocation of the arbitration award and the application for suspension of the arbitration award to the District Court of Prague 1. The court proceedings at the District Court of Prague 1 are still pending. WPB Capital, credit union, in liquidation represented by the liquidator continues to act as the creditor of the receivables which have been stated by the arbitration award to be in the ownership of Llanfair Caereinion Cwni Daliannol Ltd., although Llanfair Caereinion Cwni Daliannol Ltd. repeatedly called on WPB Capital, credit union, to refrain from any handling of the receivables until the moment of final legitimate completion of the legal proceedings. With respect to the above Llanfair Caereinion Cwni Daliannol Ltd is not able to evaluate the receivables according to their purchase price in order to record such value among the other assets of the company.

Notes to the Financial Statements

for the Period Ended 30 November 2015

3. Creditors: amounts falling due within one year

	2015 £	2014 £
Taxation and social security:		355
Accruals and deferred income:	690	1,690
Other creditors:	1,399,785	1,148,740
Total:	1,400,475	1,150,785

The item of Creditors actually does not include liability to pay the consideration for the assigned receivables as specified under the note 2 of these statements in so far unspecified amount. The liability is to be paid to WPB Capital, credit union, from a credit line facility provided by the company BELASUR FINANCIAL LTD up to the amount of GBP 50,000,000 which has not been used yet.

Notes to the Financial Statements

for the Period Ended 30 November 2015

4. Creditors: amounts falling due after more than one year

	2015 £	2014 £
Other creditors:	3,761,847	3,620,729
Total:	3,761,847	3,620,729

Notes to the Financial Statements

for the Period Ended 30 November 2015

5. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	100	1.00	100
Preference shares:			0
Total share capital (£):			100

Current period			2015
Class	Number of shares	Nominal value per share (£)	Total (£)
Ordinary shares:	100	1.00	100
Preference shares:			0
Total share capital (£):			100

Notes to the Financial Statements

for the Period Ended 30 November 2015

6. Profit and loss account

	2015 £	2014 £
Opening balance:	( 56,222 )	14,561
Profit or (loss) for the period:	( 271,447 )	( 70,783 )
Retained profit:	( 327,669 )	( 56,222 )

Director:		Ozan Bozkuzu
		Valeriy Smolyakov


Registered office:		Suite 319-3, 32 Threadneedle Street London England EC2R 8AY


Company Registration Number:		04115679 (England and Wales)

Accounts filed on 30-11-2015