Registered Number 02991809
SANDCOURT LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Investments | 2 |
|
|
|
|
||
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Valuation information and policy
Fixed assets investments are stated at cost less provision for deminutionin value.
Other accounting policies
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company is therefore not required to and has not chosen to prepare group accounts.
Foreigu currencies
Monetary 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 the transaction. Exchange differences are taken into account in arriving at the operating profit.
2
Fixed assets Investments
At 1 July 2014 and 30 June 2015 £1,130,898
Net Book Value
At 30 June 2015 and 1 July 2014 £1,130,898
Subsidiary undertaking
The company's investment in its subsidiary company represents the 100% of ordinary shares held in Satrifel SL, a company incorporated in Spain. The subsidiary prepares its financial statements to 31 December 2014. Its capital and reserves as at that date were €2,394,929 and a profit for the year then ended was €49,995.