London & European Enterprises Limited - Limited company - abbreviated - 11.6

London & European Enterprises Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04281248 (England and Wales)















LONDON & EUROPEAN ENTERPRISES LIMITED

Abbreviated unaudited accounts

for the period 1 October 2012 to 31 March 2014






LONDON & EUROPEAN ENTERPRISES LIMITED (REGISTERED NUMBER: 04281248)

Contents of the abbreviated accounts
for the Period 1 October 2012 to 31 March 2014










Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 3

LONDON & EUROPEAN ENTERPRISES LIMITED

Company information
for the Period 1 October 2012 to 31 March 2014







Director: Ms A Seleznev





Secretary: Mrs O Shishkina





Registered office: Dephna House Studio 103
119 Neasden Lane
London
NW10 1PH





Registered number: 04281248 (England and Wales)





Accountants: DSJ Partners LLP
2nd Floor
1 Bell Street
London
NW1 5BY

LONDON & EUROPEAN ENTERPRISES LIMITED (REGISTERED NUMBER: 04281248)

Abbreviated balance sheet
31 March 2014

2014 2012
Notes £    £   
Fixed assets
Tangible assets 2 2,914 2,255
Investments 3 3,985 7,344
6,899 9,599

Current assets
Stocks 6,871 13,806
Debtors 7,231 8,199
Cash at bank 12,347 34,848
26,449 56,853
Creditors
Amounts falling due within one year (14,190 ) (24,478 )
Net current assets 12,259 32,375
Total assets less current liabilities 19,158 41,974

Creditors
Amounts falling due after more than one year (180,000 ) (135,000 )
Net liabilities (160,842 ) (93,026 )

Capital and reserves
Called up share capital 4 100 100
Profit and loss account (160,942 ) (93,126 )
Shareholders' funds (160,842 ) (93,026 )

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

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




Ms A Seleznev - Director


LONDON & EUROPEAN ENTERPRISES LIMITED (REGISTERED NUMBER: 04281248)

Notes to the abbreviated accounts
for the Period 1 October 2012 to 31 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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2012 3,383
Additions 2,802
At 31 March 2014 6,185
DEPRECIATION
At 1 October 2012 1,128
Charge for period 2,143
At 31 March 2014 3,271
NET BOOK VALUE
At 31 March 2014 2,914
At 30 September 2012 2,255

LONDON & EUROPEAN ENTERPRISES LIMITED (REGISTERED NUMBER: 04281248)

Notes to the abbreviated accounts - continued
for the Period 1 October 2012 to 31 March 2014


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2012 14,500
Additions 31,650
At 31 March 2014 46,150
PROVISIONS
At 1 October 2012 7,156
Charge for period 35,009
At 31 March 2014 42,165
NET BOOK VALUE
At 31 March 2014 3,985
At 30 September 2012 7,344

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

Joint venture

Xsenia & Olya LLP
Country of incorporation: Great Britain
Nature of business: Fashion design and manufacturing
%
Class of shares: holding
50% interest in LLP 50.00
31.3.14 31.3.12
£    £   
Aggregate capital and reserves 2,698 10,203
Loss for the year (29,096 ) (15,297 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2012
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Alexander Seleznev.