Elocyn Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04584180 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Elocyn Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs M A Seville

SECRETARY:

Regent Corporate Secretaries Ltd

REGISTERED OFFICE:

Suite 66

10 Barley Mow Passage

Chiswick

London

W4 4PH

REGISTERED NUMBER:

04584180 (England and Wales)

ACCOUNTANTS:

JW DUFFY

Suite 66

10, Barley Mow Passage

Chiswick

London

W4 4PH

FIXED ASSETS

Investments

2

110,034

CURRENT ASSETS

Investments

180,862

314,362

Cash at bank

71,116

80,890

251,978

395,252

CREDITORS

Amounts falling due within one year

8

9

NET CURRENT ASSETS

251,970

395,243

TOTAL ASSETS LESS CURRENT
LIABILITIES

362,004

505,277

CAPITAL AND RESERVES

Called up share capital

3

16,000

Profit and loss account

346,004

489,277

SHAREHOLDERS' FUNDS

362,004

505,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 7 August 2017 and were signed by:

Mrs M A Seville - 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 January 2015).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro 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 December 2015

and 30 November 2016

110,034

NET BOOK VALUE

At 30 November 2016

110,034

At 30 November 2015

110,034

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

M.G.A. srl

Country of incorporation: Italy

Nature of business: Industrial and civil assembly

%

Class of shares:

holding

Ordinary

27.00

31.12.15

31.12.14

€

Aggregate capital and reserves

1,046,965

1,188,606

Profit for the year

8,359

24,539

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

€

10,000

Ordinary

£ 1

16,000