Sotim Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04036908 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Sotim Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S Santarelli

REGISTERED OFFICE:

38 Craven Street

London

WC2N 5NG

REGISTERED NUMBER:

04036908 (England and Wales)

ACCOUNTANTS:

B&P Tax Legal Finance LLP

38 Craven Street

London

WC2N 5NG

FIXED ASSETS

Tangible assets

2

161,402

133,713

Investment property

3

12,044,529

11,995,473

12,205,931

12,129,186

CURRENT ASSETS

Debtors

876,411

807,551

Cash at bank and in hand

32,201

18,518

908,612

826,069

CREDITORS

Amounts falling due within one year

171,211

147,850

NET CURRENT ASSETS

737,401

678,219

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,943,332

12,807,405

CREDITORS

Amounts falling due after more than one
year

10,534,842

10,408,671

NET ASSETS

2,408,490

2,398,734

CAPITAL AND RESERVES

Called up share capital

4

118,559

Revaluation reserve

2,028,795

Profit and loss account

261,136

251,380

SHAREHOLDERS' FUNDS

2,408,490

2,398,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2016 and were signed by:

Mrs S Santarelli - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents revenue recognised during the year from the letting

of its investment property. Turnover is exclusive of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery : 6%-30% on cost on a straight line basis.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

€

COST

At 1 January 2015

760,641

Additions

58,500

At 31 December 2015

819,141

DEPRECIATION

At 1 January 2015

626,928

Charge for year

30,811

At 31 December 2015

657,739

NET BOOK VALUE

At 31 December 2015

161,402

At 31 December 2014

133,713

3.	INVESTMENT PROPERTY

Total

€

COST

At 1 January 2015

11,995,473

Additions

49,056

At 31 December 2015

12,044,529

NET BOOK VALUE

At 31 December 2015

12,044,529

At 31 December 2014

11,995,473

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

€

73,945

Ordinary

£1

118,559