ORIGAMI HOLDINGS LTD Company accounts

ORIGAMI HOLDINGS LTD Company accounts

ORIGAMI HOLDINGS LTD - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false true false 2016-12-12 Sage Accounts Production Advanced 2017 - FRS xbrli:pure xbrli:shares iso4217:EUR 10521309 2016-12-12 2017-12-31 10521309 2017-12-31 10521309 bus:LeadAgentIfApplicable 2016-12-12 2017-12-31 10521309 bus:Director1 2016-12-12 2017-12-31 10521309 bus:CompanySecretary1 2016-12-12 2017-12-31 10521309 bus:Director1 2017-12-31 10521309 core:WithinOneYear 2017-12-31 10521309 core:RetainedEarningsAccumulatedLosses 2016-12-12 2017-12-31 10521309 core:ShareCapital 2017-12-31 10521309 core:RetainedEarningsAccumulatedLosses 2017-12-31 10521309 core:ShareCapital 2016-12-12 2017-12-31 10521309 bus:FRS102 2016-12-12 2017-12-31 10521309 bus:AuditExempt-NoAccountantsReport 2016-12-12 2017-12-31 10521309 bus:FullAccounts 2016-12-12 2017-12-31 10521309 bus:SmallCompaniesRegimeForAccounts 2016-12-12 2017-12-31 10521309 bus:PrivateLimitedCompanyLtd 2016-12-12 2017-12-31
COMPANY REGISTRATION NUMBER: 10521309
ORIGAMI HOLDINGS LTD
Unaudited Financial Statements
31 December 2017
FIDUCI-CORP (UK) SERVICES LIMITED
Chartered accountant
ORIGAMI HOLDINGS LTD
Financial Statements
Period from 12 December 2016 to 31 December 2017
Contents
Page
Director's report
1
Income statement
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
The following pages do not form part of the financial statements
Detailed income statement
8
Notes to the detailed income statement
9
ORIGAMI HOLDINGS LTD
Director's Report
Period from 12 December 2016 to 31 December 2017
The director presents his report and the unaudited financial statements of the company for the period ended 31 December 2017 .
Principal activities
The principal activity of the company during the year was making and holding of investments.
Director
The director who served the company during the period was as follows:
Mr Christoforos Demetriades
(Appointed 12 December 2016)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 February 2018 and signed on behalf of the board by:
Mr Christoforos Demetriades
Fiduci-Corp (UK) Services Limited
Director
Company Secretary
ORIGAMI HOLDINGS LTD
Income Statement
Period from 12 December 2016 to 31 December 2017
Period from
12 Dec 16 to
31 Dec 17
Note
€
Administrative expenses
( 11,106)
--------
Operating loss
4
( 11,106)
Interest payable and similar expenses
6
( 24)
--------
Loss before taxation
( 11,130)
Tax on loss
–
--------
Loss for the financial period
( 11,130)
--------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
ORIGAMI HOLDINGS LTD
Statement of Financial Position
31 December 2017
31 Dec 17
Note
€
Current assets
Debtors
7
2,164
Cash at bank and in hand
546
-------
2,710
Creditors: amounts falling due within one year
8
12,840
--------
Net current liabilities
10,130
--------
Total assets less current liabilities
( 10,130)
--------
Net liabilities
( 10,130)
--------
Capital and reserves
Called up share capital
1,000
Profit and loss account
( 11,130)
--------
Members deficit
( 10,130)
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2018 , and are signed on behalf of the board by:
Mr Christoforos Demetriades
Director
Company registration number: 10521309
ORIGAMI HOLDINGS LTD
Statement of Changes in Equity
Period from 12 December 2016 to 31 December 2017
Called up share capital
Profit and loss account
Total
€
€
€
At 12 December 2016
–
–
–
Loss for the period
( 11,130)
( 11,130)
----
--------
--------
Total comprehensive income for the period
–
( 11,130)
( 11,130)
Issue of shares
1,000
–
1,000
-------
----
-------
Total investments by and distributions to owners
1,000
–
1,000
-------
--------
--------
At 31 December 2017
1,000
( 11,130)
( 10,130)
-------
--------
--------
ORIGAMI HOLDINGS LTD
Notes to the Financial Statements
Period from 12 December 2016 to 31 December 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in euro, which is the functional currency of the entity.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Operating profit
Operating profit or loss is stated after crediting:
Period from
12 Dec 16 to
31 Dec 17
€
Foreign exchange differences
( 21)
----
5. Staff costs
The average number of persons employed by the company during the period, including the director, amounted to Nil.
This means that no persons, including the directors, were in receipt of remuneration from the company as employees.
6. Interest payable and similar expenses
Period from
12 Dec 16 to
31 Dec 17
€
Interest on banks loans and overdrafts
24
----
7. Debtors
31 Dec 17
€
Other debtors
2,164
-------
8. Creditors: amounts falling due within one year
31 Dec 17
€
Trade creditors
2,745
Accruals and deferred income
3,922
Arkalos Ventures Limited
2,500
Shareholders account
3,673
--------
12,840
--------
ORIGAMI HOLDINGS LTD
Management Information
Period from 12 December 2016 to 31 December 2017
The following pages do not form part of the financial statements.
ORIGAMI HOLDINGS LTD
Detailed Income Statement
Period from 12 December 2016 to 31 December 2017
Period from
12 Dec 16 to
31 Dec 17
€
Overheads
Administrative expenses
(11,106)
--------
Operating loss
( 11,106)
Interest payable and similar expenses
(24)
--------
Loss before taxation
( 11,130)
--------
ORIGAMI HOLDINGS LTD
Notes to the Detailed Income Statement
Period from 12 December 2016 to 31 December 2017
Period from
12 Dec 16 to
31 Dec 17
€
Administrative expenses
Legal and professional fees (allowable)
(3,013)
Incorporation expenses (disallowable)
(1,053)
Accountancy fees
(6,391)
Bank charges
(670)
Foreign currency gains/losses
21
--------
(11,106)
--------
Interest payable and similar expenses
Interest on banks loans and overdrafts
(24)
----