ASSET_COLUMN_LIMITED - Accounts

ASSET COLUMN LIMITED - Company Information

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Company Registration No. 05297190 (England and Wales)

ASSET COLUMN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

ASSET COLUMN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASSET COLUMN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

275,839

269,324

Current assets

Debtors

Cash at bank and in hand

1,912

2,430

1,999

2,431

Creditors: amounts falling due within one year

(333,941)

(71,263)

Net current liabilities

(331,942)

(68,832)

Total assets less current liabilities

(56,103)

200,492

Creditors: amounts falling due after more than one year

(244,394)

(56,103)

(43,902)

Capital and reserves

Called up share capital

Profit and loss account

(56,105)

(43,904)

Shareholders' funds

(56,103)

(43,902)

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 May 2017

Mr C L Jones

Director

Company Registration No. 05297190

ASSET COLUMN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

At the balance sheet date the company shows net liabilities and in order to maintain its going concern status it relies on the continued support of it's shareholders.

1.2

Turnover

Turnover represents amounts receivable for rent and services.

1.3

Investments

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

Fixed assets

Investments

Cost

At 1 July 2015

269,324

Additions

6,515

At 30 June 2016

275,839

At 30 June 2015

269,324

Holdings of more than 20%

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

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Munro Management Limited

British Virgin Islands

Ordinary

100.00

Participating interests

Crossover Capital Limited

United Kingdom

Ordinary

33.00

Crossover Holdings Limited

Mauritus

Ordinary

42.85

Other significant interests

Exchange Juhu Limited

Mauritius

Preference

2.27

Exchange Ventures Limited

Mauritius

Ordinary

9.84

ASSET COLUMN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

Munro Management Limited

Investment holding

(21,418)

(3,712)

Crossover Capital Limited

Advisory, financing and operation of alternative investment activities

(4,454)

(17,080)

Crossover Holdings Limited

Investment holding

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each