Credafin Limited - Limited company - abbreviated

REGISTERED NUMBER: 05723422 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Credafin Limited

Previously known as

Milano Investors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S W Halstead

M O'Donnell

REGISTERED OFFICE:

6 Vigo Street

London

W1S 3HF

REGISTERED NUMBER:

05723422 (England and Wales)

CURRENT ASSETS

Cash at bank

1,745

CREDITORS

Amounts falling due within one year

10,867

10,359

NET CURRENT LIABILITIES

(9,122

)

(8,614

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,122

)

(8,614

)

CAPITAL AND RESERVES

Called up share capital

2

69,599

Share premium

5,460,045

Profit and loss account

(5,538,766

)

(5,538,258

)

SHAREHOLDERS' FUNDS

(9,122

)

(8,614

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 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 Board of Directors on 22 December 2014 and were signed on its behalf
by:

S W Halstead - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on the going concern basis.

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 April 2008).

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

€

69,599

Ordinary

€1

69,599

3.	GOING CONCERN

The ongoing activities of the company will be dependant on the sole director funding operations to achieve the

business plan.

Credafin Limited - Limited company - abbreviated - 11.6

Credafin Limited - Limited company - abbreviated - 11.6