Friedebach Limited - Accounts to registrar - small 17.1.1
Friedebach Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2016 |
| for |
| Friedebach Limited |
| Friedebach Limited (Registered number: 05729220) |
| Contents of the Financial Statements |
| for the year ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Friedebach Limited |
| Company Information |
| for the year ended 31 December 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Reporting Accountants |
| 2nd Floor |
| Hygeia House |
| 66 College Road |
| Harrow |
| Middlesex |
| HA1 1BE |
| Friedebach Limited (Registered number: 05729220) |
| Statement of Financial Position |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Friedebach Limited (Registered number: 05729220) |
| Notes to the Financial Statements |
| for the year ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Friedebach Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Going concern basis |
| The financial statements have been prepared on a going concern basis, which is dependent upon, the parent |
| company continuing to provide the necessary financial facilities, to enable the company to continue in operation |
| for the foreseeable future. |
| This is the first year in which the financial statements have been prepared under FRS 102 1A. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Friedebach Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements as it is a small group. |
| Foreign currencies |
| Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Fixed asset investment |
| Fixed asset investment is stated at cost less provision for any impairment. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| 3. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2016 |
| and 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| Friedebach Limited (Registered number: 05729220) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Subsidiary undertaking |
| Ciclope Inversiones, S.L. |
| Country of incorporation: Spain |
| Nature of business: Investment company |
| % |
| Class of shares: holding |
| Ordinary shares: 100.00 |
| 2016 | 2015 |
| Aggregate capital and reserves | £851,679 | £840,987 |
| Profit / (Loss) for the year | £10,692 | £24,564 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 5. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, the company owed £383,170 (2015: £332,038) in respect of interest free loans to I S |
| Corporate Services S.A. The loans are included in amounts falling due within one year. |
| 6. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is F Fruhbeck, who is also the director of the parent company IS Corporate |
| Services S.A. |