Cartem Investments Limited - Limited company - abbreviated

REGISTERED NUMBER: 03468754 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Cartem Investments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Isavella Kypri

SECRETARY:

Axiano Company Secretaries Limited

REGISTERED OFFICE:

1 Kings Avenue

Winchmore Hill

London

N21 3NA

REGISTERED NUMBER:

03468754 (England and Wales)

FIXED ASSETS

Investments

2

2,731,257

CURRENT ASSETS

Stocks

370,250

-

Cash at bank

913,377

414,254

1,283,627

414,254

CREDITORS

Amounts falling due within one year

70,380

70,313

NET CURRENT ASSETS

1,213,247

343,941

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,944,504

3,075,198

CREDITORS

Amounts falling due after more than one
year

219,917

NET ASSETS

3,724,587

2,855,281

CAPITAL AND RESERVES

Called up share capital

3

1,509

Profit and loss account

3,723,078

2,853,772

SHAREHOLDERS' FUNDS

3,724,587

2,855,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 and were signed by:

Isavella Kypri - 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 April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Cartem Investments Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

€

COST

At 1 January 2013

and 31 December 2013

2,731,257

NET BOOK VALUE

At 31 December 2013

2,731,257

At 31 December 2012

2,731,257

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

€

1,000

Ordinary

£1

1,509

Cartem Investments Limited - Limited company - abbreviated - 11.0.0

Cartem Investments Limited - Limited company - abbreviated - 11.0.0