Colco Coleman Brothers Finance Co. Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05061965 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Colco Coleman Brothers Finance Co.

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

City Directors Limited

A J Grice

REGISTERED OFFICE:

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

REGISTERED NUMBER:

05061965 (England and Wales)

ACCOUNTANTS:

Adbell International Limited

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

FIXED ASSETS

Investments

3

117,474

117,474

CREDITORS

Amounts falling due within one year

4

(142,483

)

(142,483

)

NET CURRENT LIABILITIES

(142,483

)

(142,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,009

)

(25,009

)

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

6

(25,011

)

(25,011

)

SHAREHOLDERS' FUNDS

(25,009

)

(25,009

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 December 2017 and were signed on its behalf by:

City Directors Limited - Director

1.	STATUTORY INFORMATION

Colco Coleman Brothers Finance Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements present information about the company as an individual undertaking and not about its

group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore

taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group

accounts.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Going concern

The financial statements are prepared on the basis of the going concern, which assumes that the company will

be in operational existence for the foreseeable future. This depends upon continued support of the shareholders.

The financial statements do not include any adjustments that would result if such support is withdrawn.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using

the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies

and preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of

the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year

or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

3.	FIXED ASSET INVESTMENTS

31.3.17

31.3.16

£

£

Shares in group undertakings

7,645

7,645

Loans to group undertakings

109,829

109,829

117,474

117,474

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

7,645

NET BOOK VALUE

At 31 March 2017

7,645

At 31 March 2016

7,645

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

Coleman Brothers Fin. Italia S.r.l.

Registered office:

Nature of business: Management Consulting

%

Class of shares:

holding

Ordinary shares

99.99

30.11.16

30.11.15

£

£

Aggregate capital and reserves

17,169

18,265

(Loss)/profit for the year

(1,096

)

505

No further information available for the subsidiary.

Loans to

group

undertakings

£

At 1 April 2016

and 31 March 2017

109,829

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

142,483

142,483

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary shares

£1

2

2

6.

RESERVES

Retained

earnings

£

At 1 April 2016

(25,011

)

Profit for the year

-

At 31 March 2017

(25,011

)

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Marc Kurt Ostheimer.