Abbreviated Company Accounts - BRIT TRANSINVEST CORPORATION LTD

BRIT TRANSINVEST CORPORATION LTD - Company Information

07549153 BRIT TRANSINVEST CORPORATION LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07549153 2015-04-01 2016-03-31 07549153 2016-03-31 07549153 2015-03-31 07549153 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07549153 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07549153

BRIT TRANSINVEST CORPORATION LTD

Abbreviated Accounts

31 March 2016

BRIT TRANSINVEST CORPORATION LTD Registered Number 07549153

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	1,717,801	1,542,990
		1,717,801	1,542,990
Current assets
Debtors		8,981	241
Cash at bank and in hand		470	184
		9,451	425
Creditors: amounts falling due within one year		(4,062)	(2,862)
Net current assets (liabilities)		5,389	(2,437)
Total assets less current liabilities		1,723,190	1,540,553
Creditors: amounts falling due after more than one year		(1,485,603)	(1,545,965)
Total net assets (liabilities)		237,587	(5,412)
Capital and reserves
Called up share capital	3	259,397	1
Profit and loss account		(21,810)	(5,413)
Shareholders' funds		237,587	(5,412)

For the year ending 31 March 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 3 March 2017

And signed on their behalf by:
C.D. Van HEERDEN, Director

BRIT TRANSINVEST CORPORATION LTD Registered Number 07549153

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Other accounting policies
Cash Flow
The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.

2Fixed assets Investments
Investments held as fixed assets are shown at cost.

The following were subsidiary undertakings of the company.
Agrosystem Limited ordinary shares 100%

The aggregate of the share capital and reserve as at 31 March 2016 and of the profit and loss for the year ended on that date for the subsidiary undertaking was as follows:

Agrosystem Limited
Aggregate of share capital and reserves £291,784
Profit/(Loss) £(76,266)

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
373,019 Ordinary shares of £0.6954 each (1 shares for 2015)	259,397	1

During the yer 373,018 shares of US$1 each were issued at par.