Wheelin International Holding (U.K.) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06190354 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

WHEELIN INTERNATIONAL HOLDING (U.K.)

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Andrew Knibb

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3XX

REGISTERED NUMBER:

06190354 (England and Wales)

ACCOUNTANTS:

Bath Accountancy Services

40 Shakespeare Avenue

BATH

Avon

BA2 4RF

FIXED ASSETS

Investments

2

3,214,919

3,701,435

CURRENT ASSETS

Debtors

1,231,512

627,914

Cash at bank

3,897

85,513

1,235,409

713,427

CREDITORS

Amounts falling due within one year

(515,897

)

(515,897

)

NET CURRENT ASSETS

719,512

197,530

TOTAL ASSETS LESS CURRENT LIABILITIES

3,934,431

3,898,965

CREDITORS

Amounts falling due after more than one year

(3,819,817

)

(3,819,817

)

NET ASSETS

114,614

79,148

CAPITAL AND RESERVES

Called up share capital

3

194

194

Profit and loss account

114,420

78,954

SHAREHOLDERS' FUNDS

114,614

79,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 November 2014 and were signed by:

Andrew Knibb - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Foreign currencies

Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

$

COST

At 1 April 2013

and 31 March 2014

3,214,919

NET BOOK VALUE

At 31 March 2014

3,214,919

At 31 March 2013

3,214,919

The company's investments at the balance sheet date in the share capital of companies include the following:

JMS Makina San.Ve Tic.As

Country of incorporation: Turkey

Nature of business: Manufacturing

%

Class of shares:

holding

Ordinary

85.80

31.12.13

31.12.12

$

$

Aggregate capital and reserves

5,298,249

7,133,101

Profit for the year

1,162,806

955,803

Loans

$

At 1 April 2013

486,516

Disposals

(486,516

)

At 31 March 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

$

$

100

Ordinary

£1

194

194