NORTH SOUTH INVESTMENTS LIMITED - Abbreviated accounts

NORTH SOUTH INVESTMENTS LIMITED - Company Information

Registered number

04015980

NORTH SOUTH INVESTMENTS LIMITED

Abbreviated Accounts

30 June 2016

NORTH SOUTH INVESTMENTS LIMITED
Registered number:		04015980
Abbreviated Balance Sheet
as at 30 June 2016

Notes			2016			2015
€				€
Fixed assets
Investments	2		3,000			3,000

Current assets
Debtors		606,267			606,267

Creditors: amounts falling due within one year		(693,101)			(693,101)

Net current liabilities			(86,834)			(86,834)

Net liabilities			(83,834)			(83,834)

Capital and reserves
Called up share capital	3		1,430			1,430
Profit and loss account			(85,264)			(85,264)

Shareholders' funds			(83,834)			(83,834)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Carlos Alberto Alvarez-Garmon
Director
Approved by the board on 30 March 2017

NORTH SOUTH INVESTMENTS LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 June 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	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.


2	Investments					€

	Cost
	At 1 July 2015					3,000

	At 30 June 2016					3,000

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

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	€		€
	Noso Investments S.L.	Ordinary		99		1		1
	Calle Los Limoneros S.L.	Ordinary		99.8		2,999		2,999

3	Share capital	Nominal		2016		2016		2015
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,000		1,430		1,430