VALE_RETAIL_LIMITED - Accounts
VALE_RETAIL_LIMITED - Accounts
Company Registration No. 04089688 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Investments
2
Current assets
Debtors
Investments
Cash at bank and in hand
Creditors: amounts falling due within one year
(31,912 )
(282,687 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
-
(100,000 )
2,353,631
546,376
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2013
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 18 September 2014
Director
Director
Company Registration No. 04089688
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
1
Accounting policies
1.1
Accounting convention
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
Turnover
1.4
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2013 & at 31 December 2013
300
46,334
Depreciation
At 1 January 2013
-
40,085
Charge for the year
-
1,487
At 31 December 2013
-
41,572
Net book value
At 31 December 2013
4,762
At 31 December 2012
6,249
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
ordinary
ordinary
ordinary
ordinary
ordinary
ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2013
2013
Principal activity
£
£
-
-
(15,466,797)
(10,089,056)
-
-
-
-
120,181
35,329
(989,524)
(50,935)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 5 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
4
Related party relationships and transactions
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
R, A Oliver - loan account
-
313,296
622,410
-
-
935,706
C, Willans - loan account
-
-
821,863
-
-
821,863
313,296
1,444,273
-
-
1,757,569