|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET AT
31/12/2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016 |
|
|
|
2015 |
|
|
Notes |
|
|
|
£ |
|
|
|
£ |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
Investment Assets |
|
2 |
|
|
|
638,816 |
|
|
|
610,266 |
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
3 |
|
1,327,301 |
|
|
|
1,453,301 |
|
|
Cash at bank and in hand |
|
|
|
262,635
|
|
|
|
92,599
|
|
|
|
|
|
|
1,589,936 |
|
|
|
1,545,900 |
|
|
CREDITORS: Amounts falling due within one year |
|
4 |
|
31,780,674 |
|
|
|
31,737,746 |
|
|
NET CURRENT LIABILITIES |
|
|
|
|
|
(30,190,738) |
|
|
|
(30,191,846) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
|
|
(29,551,922) |
|
|
|
(29,581,580) |
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
6 |
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
|
(29,552,022) |
|
|
|
(29,581,680) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
(
29,551,922
)
|
|
|
|
(29,581,580) |
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31/12/2016 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 Act with respect to accounting records and the preparation of accounts.
|
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. |
|
|
|
|
|
|
|
|
|
|
|
Approved by the board on
01/09/2017
and signed on their behalf by
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
............................. |
|
|
|
|
|
|
|
|
|
|
Graham Robeson
|
|
|
|
|
|
|
|
|
|
|
Director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2. INVESTMENT FIXED ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Listed |
|
|
|
|
|
|
Investments |
|
Loans |
|
Total |
|
|
£ |
|
£ |
|
£ |
Cost |
|
|
|
|
|
|
At 01/01/2016 |
|
610,266 |
|
593,860 |
|
1,204,126 |
Additions |
|
150,000 |
|
- |
|
150,000 |
Disposals |
|
(121,450) |
|
- |
|
(121,450) |
At 31/12/2016 |
|
638,816 |
|
593,860 |
|
1,232,676 |
Amortisation |
|
|
|
|
|
|
At 01/01/2016 |
|
- |
|
593,860 |
|
593,860 |
At 31/12/2016 |
|
- |
|
593,860 |
|
593,860 |
Net Book Amounts |
|
|
|
|
|
|
At 31/12/2016 |
|
638,816 |
|
- |
|
638,816 |
At 31/12/2015 |
|
610,266 |
|
- |
|
610,266 |
The Company invested in 128,600 shares in Lottalot Ltd in 2013. The investment has been written down to nil to reflect the recovery value in 2013, which still applies in 2016. The share are still held. |
|
The Company opened a facility with RBC Capital Markets and invested the GBP equivalent of $1m in marketable securities, of which £488,816 are held on account for sale at year end 2016 (£610,266 at year end 2015). The Company subscribed to £150,000 in Ordinary £1 shares in a private limited company Cirrus Capital Ltd in the last quarter of 2016. The investment is still held at year end. A revaluation of the investment has been deferred to the 2017 period. |
|
The Company provided a loan facility in 2014 with the capital settled in full in 2015. |
|