Abbreviated Company Accounts - UNISTATE PROPERTIES LIMITED

UNISTATE PROPERTIES LIMITED - Company Information

07514372 UNISTATE PROPERTIES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07514372 2013-01-01 2013-12-31 07514372 2013-12-31 07514372 2012-12-31 07514372 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07514372 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:EUR shares

Registered Number 07514372

UNISTATE PROPERTIES LIMITED

Abbreviated Accounts

31 December 2013

UNISTATE PROPERTIES LIMITED Registered Number 07514372

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		€	€
Fixed assets
Investments	2	435,000	435,000
		435,000	435,000
Current assets
Debtors	3	5,068,178	4,982,175
Cash at bank and in hand		162	35
		5,068,340	4,982,210
Creditors: amounts falling due within one year		(12,373)	(7,588)
Net current assets (liabilities)		5,055,967	4,974,622
Total assets less current liabilities		5,490,967	5,409,622
Creditors: amounts falling due after more than one year		(5,489,781)	(5,403,050)
Total net assets (liabilities)		1,186	6,572
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		1,185	6,571
Shareholders' funds		1,186	6,572

For the year ending 31 December 2013 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 26 September 2014

And signed on their behalf by:
Mrs M Byrne, Director

UNISTATE PROPERTIES LIMITED Registered Number 07514372

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
The financial statements are presented in Euros.

Turnover policy
Turnover represents the interest receivable on the loans.

Other accounting policies
Group Accounts

The company and its subsidiary company comprise a small group. The company has therefore taken advantage of the exemption provided in section 398 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Fixed assets Investments
At cost 1 January 2013 €435,000. At cost 31 December 2013 €435,000.

The company holds 20% or more of the share capital of the following companies:

Niko Hotels GmbH 100% ordinary shares. Country of incorporation Austria. The result of the undertaking from the last available unaudited financial statements were as follows:

Capital and reserves (€643,868). Loss for the year €1,078,868.

3Debtors

	2013 €	2012 €
Debtors include the following amounts due after more than one year	1,896,637	1,896,637

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 €	2012 €
1 Ordinary shares of €1 each	1	1