Micro-entity Accounts - BOLARO SHIPPING ENTERPRISES LIMITED

BOLARO SHIPPING ENTERPRISES LIMITED - Company Information

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Registered Number 06315647

BOLARO SHIPPING ENTERPRISES LIMITED

Micro-entity Accounts

31 January 2017

BOLARO SHIPPING ENTERPRISES LIMITED Registered Number 06315647

Micro-entity Balance Sheet as at 31 January 2017

	Notes	2017	2016
		€	€
Fixed assets
Tangible assets	1	4,275,000	4,500,000
		4,275,000	4,500,000
Current assets
Cash at bank and in hand		18,432	138,254
		18,432	138,254
Creditors: amounts falling due within one year	2	(6,176,669)	(5,707,002)
Net current assets (liabilities)		(6,158,237)	(5,568,748)
Total assets less current liabilities		(1,883,237)	(1,068,748)
Total net assets (liabilities)		(1,883,237)	(1,068,748)
Capital and reserves
Called up share capital	3	1,477	1,477
Profit and loss account		(1,884,714)	(1,070,225)
Shareholders' funds		(1,883,237)	(1,068,748)

For the year ending 31 January 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 January 2018

And signed on their behalf by:
IPPOCRATOUS,STELLA, Director

BOLARO SHIPPING ENTERPRISES LIMITED Registered Number 06315647

Notes to the Micro-entity Accounts for the period ended 31 January 2017

1Tangible fixed assets

	€
Cost
At 1 February 2016	4,725,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2017	4,725,000
Depreciation
At 1 February 2016	225,000
Charge for the year	225,000
On disposals	-
At 31 January 2017	450,000
Net book values
At 31 January 2017	4,275,000
At 31 January 2016	4,500,000

2Creditors

	2017 €	2016 €
Secured Debts	6,176,669	5,707,002

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 €	2016 €
1,000 Ordinary shares of €1.47689 each	1,477	1,477

The exchange rate 1.47689 which was used to convert the Share Capital from GBP to EURO was taken from
Oanda.com at historical rate, Date: 16 July 2007.

4Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.