Abbreviated Company Accounts - GOLDEN VALLEY VENTURES LIMITED
Abbreviated Company Accounts - GOLDEN VALLEY VENTURES LIMITED
Registered Number 09379462
GOLDEN VALLEY VENTURES LIMITED
Abbreviated Accounts
31 January 2016
GOLDEN VALLEY VENTURES LIMITED Registered Number 09379462
Abbreviated Balance Sheet as at 31 January 2016
| Notes | 2016 | ||
|---|---|---|---|
| € | |||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
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| Net current assets (liabilities) |
( |
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| Total assets less current liabilities |
( |
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| Total net assets (liabilities) |
( |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
( |
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| Shareholders' funds |
( |
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For the year ending 31 January 2016 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.
Approved by the Board on
And signed on their behalf by:
GOLDEN VALLEY VENTURES LIMITED Registered Number 09379462
Notes to the Abbreviated Accounts for the period ended 31 January 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
The directors have prepared the financial statements on the going concern basis. This is considered appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future and the company is expecting to make profits in future years that will reverse this position. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.
Investments
Investments held as fixed assets are shown at cost less provision for impairment.
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there
will be suitable taxable profits from which the future reversal of the underlying timing differences
can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the
time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into euros at rates
of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into euros at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Profit and loss account.
Compliance with and departure from 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).
The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities (effective January 2015). This is a departure from accounting standards. The directors are of the opinion that the non disclosure of this information does not affect the truth and fairness of the financial statements.
2Fixed assets Investments
At 8 January 2015: €0
Additions: €29,696
At 31 January 2016: €29,696
Netbook Value
At 31 January 2016: €29,696
Subsidiary undertakings
The following were subsidiary undertakings of the company.
Name:
Mediline Isothermal Solutions Turkey Industry Limited
Class of shares:
Ordinary
Holding:
85%
The 31 of January 2016 financial statements are unavailable for the above subsidiary company.