Accounts filed on 31-12-2016


Registered number: 06214350






West Lancaster Investments Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2016


West Lancaster Investments Limited


ACCOUNTS
FOR THE YEAR ENDED 31/12/2016





DIRECTORS
David Malcolm Kaye



SECRETARY
CR Secretaries Ltd


REGISTERED OFFICE
Lower Ground Floor
One George Yard
London
EC3V 9DF


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06214350


ACCOUNTS
FOR THEYEARENDED31/12/2016



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Investment Assets	2		658,606		542,544

CURRENT ASSETS
Debtors	3	5,957,644		5,368,416
Cash at bank and in hand		42,609		13,003
		6,000,253		5,381,419
CREDITORS: Amounts falling due within one year	4	6,737,148		6,053,648
NET CURRENT LIABILITIES			(736,895)		(672,229)
TOTAL ASSETS LESS CURRENT LIABILITIES			(78,289)		(129,685)

CAPITAL AND RESERVES

Called up share capital	6		1		1
Profit and loss account			(78,290)		(129,686)
SHAREHOLDERS' FUNDS			(78,289)		(129,685)

For the year ending 31/12/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 25/09/2017 and signed on their behalf by



.............................
David Malcolm Kaye
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.




1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




2. INVESTMENT FIXED ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2016	542,544	542,544
Additions	116,062	116,062
At 31/12/2016	658,606	658,606
Amortisation
Net Book Amounts
At 31/12/2016	658,606	658,606
At 31/12/2015	542,544	542,544
The company owned shares in the following subsidiary undertakings: - 80% of ERRE-S Costruzioni Srl, a company registered in Italy - The profit for the last relevant financial year was EUR 141,586 (2015: EUR 112,973); the aggregate amount of capital and reserve was EUR 336,957 (2015: EUR 195,370). - 100% of Luxury Srl a Socio Unico, a company registered in Italy - The profit for the last relevant financial year was EUR -4,262 (2015: EUR -18,152); the aggregate amount of capital and reserve was EUR 5,843 (2015: EUR -10,878). - 50% of O.M.A.R. Srl, a company registered in Italy - The profit for the last relevant financial year was EUR -4,802 (2015: EUR 5,604); the aggregate amount of capital and reserve was EUR 55,513 (2015: EUR 85,004). - 94% of Mas Trade Srl, a company registered in Moldova - The profit for the last relevant financial year was LEU -1,691,476 (2015: LEU -399,220); the aggregate amount of capital and reserve was LEU -2,261,421 (2015: LEU -2,669,097). - 100% of STAG "Textile Industry" SA, a company registered in Moldova - The profit for 2016 was MDL 1,475,659; the aggregate amount of capital and reserve was MDL 82,045,598. - 500 shares of Rexburg Services LLC, a company registered in Delaware.




3. DEBTORS	2016	2015
	£	£
Amounts falling due within one year
Other debtors	5,957,644	5,368,416
	5,957,644	5,368,416




4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2016	2015
	£	£
Other creditors	6,737,148	6,053,648
	6,737,148	6,053,648




6. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1