Ions Invest Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04280886 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Ions Invest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Peter James Jackson

SECRETARY:

CBC Company Secretary Limited

REGISTERED OFFICE:

126 Aldersgate Street

London

EC1A 4JQ

REGISTERED NUMBER:

04280886 (England and Wales)

FIXED ASSETS

Investments

3

1,635,529

1,587,521

CURRENT ASSETS

Cash at bank

823

70,213

CREDITORS

Amounts falling due within one year

4

2,686,862

2,682,161

NET CURRENT LIABILITIES

(2,686,039

)

(2,611,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,050,510

)

(1,024,427

)

CAPITAL AND RESERVES

Called up share capital

136,100

136,100

Share premium

69,706

69,706

Retained earnings

(1,256,316

)

(1,230,233

)

SHAREHOLDERS' FUNDS

(1,050,510

)

(1,024,427

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 16 June 2017 and were signed by:

Peter James Jackson - Director

1.	STATUTORY INFORMATION

Ions Invest Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Foreign currencies

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.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

2,808,186

Additions

48,008

At 31 December 2016

2,856,194

PROVISIONS

At 1 January 2016

and 31 December 2016

1,220,665

NET BOOK VALUE

At 31 December 2016

1,635,529

At 31 December 2015

1,587,521

The investment relates to a holding in Medesis Pharma. In the year the Company purchased 3,000 shares. As

at the balance sheet date the Company held 561,261 shares which represents 22.4% of the issued share

capital.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

307,663

302,962

Loan - shareholders

2,379,199

2,379,199

2,686,862

2,682,161