Building & Trade Ltd - Abbreviated accounts 16.3

Building & Trade Ltd - Abbreviated accounts 16.3

BUILDING & TRADE LTD - Company Information

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REGISTERED NUMBER: 09436190 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 DECEMBER 2016

FOR

BUILDING & TRADE LTD

BUILDING & TRADE LTD (REGISTERED NUMBER: 09436190)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 DECEMBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BUILDING & TRADE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2016







DIRECTOR: Ms Patricia Ann Petrou AICB CB.Cert PM





REGISTERED OFFICE: Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 09436190 (England and Wales)





ACCOUNTANTS: Michael Filiou Plc
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS
Page 1
BUILDING & TRADE LTD (REGISTERED NUMBER: 09436190)

ABBREVIATED BALANCE SHEET
30 DECEMBER 2016

2016 2015
Notes €    €    €    €   
FIXED ASSETS
Investments 2 19,900 19,900

CURRENT ASSETS
Debtors 1,000 1,000

CREDITORS
Amounts falling due within one year 22,900 21,400
NET CURRENT LIABILITIES (21,900 ) (20,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,000
)
(500
)

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account (3,000 ) (1,500 )
SHAREHOLDERS' FUNDS (2,000 ) (500 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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 29 September 2017 and were signed by:





Ms Patricia Ann Petrou AICB CB.Cert PM - Director


The notes form part of these abbreviated accounts

Page 2
BUILDING & TRADE LTD (REGISTERED NUMBER: 09436190)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 DECEMBER 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in Euro (€) which is the functional currency of the company.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company
has adequate resources to continue in operational existence for the foreseeable future. The company therefore
continues to adopt the going concern basis of accounting in preparing the financial statements.

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).

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 31 December 2015
and 30 December 2016 19,900
NET BOOK VALUE
At 30 December 2016 19,900
At 30 December 2015 19,900

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

Sviluppo Immobiliare Italiano SRL
Country of incorporation: Italy
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
31.12.16 31.12.15
€    €   
Aggregate capital and reserves 5,412 6,540
Loss for the year (1,128 ) (3,460 )

Page 3 continued...
BUILDING & TRADE LTD (REGISTERED NUMBER: 09436190)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2016


2. FIXED ASSET INVESTMENTS - continued

Arcobaleno Servizi SRL
Country of incorporation: Italy
Nature of business: Development of building projects
%
Class of shares: holding
Ordinary 99.00
31.12.16 31.12.16
€    €   
Aggregate capital and reserves 8,341 9,496
Loss for the year/period (1,156 ) (503 )

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2016 2015
value: €    €   
1,000 Share capital 1 € 1,000 1,000

Page 4