Abbreviated Company Accounts - ESTEYAN LIMITED

Registered Number 05942179

ESTEYAN LIMITED

Abbreviated Accounts

31 December 2015

ESTEYAN LIMITED Registered Number 05942179

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	11,425	11,425
		11,425	11,425
Current assets
Debtors		13,473	14,222
Cash at bank and in hand		10	25
		13,483	14,247
Creditors: amounts falling due within one year		(29,773)	(28,690)
Net current assets (liabilities)		(16,290)	(14,443)
Total assets less current liabilities		(4,865)	(3,018)
Total net assets (liabilities)		(4,865)	(3,018)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(4,965)	(3,118)
Shareholders' funds		(4,865)	(3,018)

For the year ending 31 December 2015 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 28 October 2016

And signed on their behalf by:
E Pantelidakis, Director

ESTEYAN LIMITED Registered Number 05942179

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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.

Other accounting policies
Investments

Fixed asset investments are stated at cost less provision for diminution in value

Foreign currency translation

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

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts

2Fixed assets Investments
The company holds 80% of the Ordinary shares of Kriti SCI (registered in France) which carries out property investment activities The aggregate amount of capital and reserves of this undertaking for the last relevant financial year was £129,341 (deficit) and the loss for the year was £30,202.

In the opinion of the director, the aggregate value of the companys investments in its participating interests is not less than the value included in the balance sheet