Nevica Limited - Limited company - abbreviated - 11.6

Nevica Limited - Limited company - abbreviated - 11.6

NEVICA LIMITED - Company Information

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REGISTERED NUMBER: 01372840 (England and Wales)













NEVICA LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014






NEVICA LIMITED (REGISTERED NUMBER: 01372840)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

NEVICA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2014







DIRECTORS: P J Goldstein
B G Goldstein





SECRETARY: B G Goldstein





REGISTERED OFFICE: 39A Welbeck Street
London
W1G 8DH





REGISTERED NUMBER: 01372840 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
39A Welbeck Street
London
W1G 8DH
Page 1
NEVICA LIMITED (REGISTERED NUMBER: 01372840)

ABBREVIATED BALANCE SHEET
31ST MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 371 969
Investments 3 36,500 36,500
36,871 37,469

CURRENT ASSETS
Debtors 4,102,964 3,349,588
Cash at bank 11,779 37,993
4,114,743 3,387,581
CREDITORS
Amounts falling due within one year 827,099 98,420
NET CURRENT ASSETS 3,287,644 3,289,161
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,324,515
3,326,630

CAPITAL AND RESERVES
Called up share capital 4 130,000 130,000
Profit and loss account 3,194,515 3,196,630
SHAREHOLDERS' FUNDS 3,324,515 3,326,630

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 19th December 2014 and were signed on its behalf
by:



P J Goldstein - Director


The notes form part of these abbreviated accounts

Page 2
NEVICA LIMITED (REGISTERED NUMBER: 01372840)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2014


1. ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements
The financial statements contain information about Nevica Limited as an individual company and do not contain
consolidated financial information as the parent of a group. The company has taken the option under Section 398
of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33.33% or 20% on cost and 25% on reducing balance

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

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st April 2013
and 31st March 2014 59,448
DEPRECIATION
At 1st April 2013 58,479
Charge for year 598
At 31st March 2014 59,077
NET BOOK VALUE
At 31st March 2014 371
At 31st March 2013 969

Page 3 continued...
NEVICA LIMITED (REGISTERED NUMBER: 01372840)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST MARCH 2014


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st April 2013
and 31st March 2014 36,500
NET BOOK VALUE
At 31st March 2014 36,500
At 31st March 2013 36,500

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

NTS (UK) Ltd
Country of incorporation: England
Nature of business: Property development
%
Class of shares: holding
Ordinary shares 100.00
2014 2013
£    £   
Aggregate capital and reserves 300,113 298,034
Profit for the year 2,079 2,250

NTS AG
Country of incorporation: Switzerland
Nature of business: Wholesaler of sports and leisurewear
%
Class of shares: holding
Ordinary shares 100.00
31/12/13 31/12/12
£    £   
Aggregate capital and reserves 597,292 518,208
Loss for the year (17,153 ) (6,209 )

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2014 2013
value: £    £   
130,000 Ordinary £1 130,000 130,000

5. ULTIMATE PARENT COMPANY

The ultimate parent company is NTS Investments Limited.

Page 4