MEDEA_LIMITED - Accounts

MEDEA LIMITED - Company Information

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Company Registration No. 01116972 (England and Wales)

MEDEA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2014

MEDEA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MEDEA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

5 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Investments

264,677

265,712

Current assets

Cash at bank and in hand

33,268

40,915

Creditors: amounts falling due within one year

(5,495)

(5,745)

Net current assets

27,773

35,170

Total assets less current liabilities

292,450

300,882

Capital and reserves

Called up share capital

184

Profit and loss account

292,266

300,698

Shareholders' funds

292,450

300,882

For the financial year ended 5 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 14 July 2014

Mrs C Steel

J D Steel

Director

Company Registration No. 01116972

MEDEA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2014

- 2 -

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 April 2008).

1.2

Compliance with 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).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 6 April 2013

265,712

Disposals

(1,035)

At 5 April 2014

264,677

At 5 April 2013

265,712

The market value of the listed investments held at 5 April 2014 was £982,499 (2013 £934,174).

The investment portfolio is professionally managed and valued by Sarasin & Partners.

Share capital

2014

2013

Allotted, called up and fully paid

92 Ordinary shares of £1 each

92 Deferred shares of £1 each

184