STR Property Investment Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04453805 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

STR PROPERTY INVESTMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Dr P Spagnoli

SECRETARY:

Mrs C L Hollingsbee

REGISTERED OFFICE:

Hop Studios

2 Jamaica Road

London

SE1 2BX

REGISTERED NUMBER:

04453805 (England and Wales)

ACCOUNTANTS:

Radford Morris

The Apple Barn

Langley Park

Sutton Road

Maidstone

Kent

ME17 3NQ

FIXED ASSETS

Investment property

2

570,000

570,000

CURRENT ASSETS

Debtors

195,777

188,255

Cash at bank

500

-

196,277

188,255

CREDITORS

Amounts falling due within one year

53,570

60,772

NET CURRENT ASSETS

142,707

127,483

TOTAL ASSETS LESS CURRENT LIABILITIES

712,707

697,483

CAPITAL AND RESERVES

Called up share capital

3

570,156

570,156

Profit and loss account

142,551

127,327

SHAREHOLDERS' FUNDS

712,707

697,483

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 his 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:

Dr P Spagnoli - 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).

Turnover

Turnover comprises the rental income received from the company's investment property.

Investment property

The director has not carried out a valuation of the investment property since he does not believe there would any

practical benefit from the exercise.

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

The accounts has been prepared in euros since this is the currency of the company's operations.

For the purpose of these accounts an exchange rate of €1 = £0.641 was used in respect of the issue of the

ordinary shares, this being the exchange rate at the date of the share issue. All other sterling transactions have

been translated at the rate of €1 = £0.8312 (2012 €1 = £0.8109) being the year end exchange rate.

2.	INVESTMENT PROPERTY

Total

€

COST

At 1 January 2013

and 31 December 2013

570,000

NET BOOK VALUE

At 31 December 2013

570,000

At 31 December 2012

570,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

€

€

100

Ordinary

£1

156

156

365,385

Redeemable Preference Shares

£1

570,000

570,000

570,156

570,156

The ordinary shares and preference shares have different rights and privileges and do not rank equally. The

holders of the preference shares are not entitled to attend or vote at a general meeting of the company and they

have preference as to any payment of dividend being a non-cumulative dividend of 6% per annum. In the event

of the winding-up of the company the holders will rank in priority to the ordinary shareholders. They are not

entitled to any further participation in the profits or assets of the company beyond the amount paid upon such

shares.

The company has the right to redeem at par the whole or part of the preference shares at any time so long as the

necessary notice is given to the shareholders in writing.

4.	RELATED PARTY DISCLOSURES

There are no related party transactions.