Vikash Investments Limited
|
For the year ended 29 December 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03555629
Vikash Investments Limited
For the year ended 29 December 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Vikash Investments Limited
2016
2015
3
354,495
348,577
60,816
50,664
82,669
68,374
481,910
483,685
Creditors
:
amounts falling due within one year
|
(11,204)
(13,600)
472,481
468,310
Net current assets
Total assets less current liabilities
|
468,310
472,481
Creditors
:
amounts falling due after more than one year
|
(621,213)
(621,213)
(152,903)
Net liabilities
(148,732)
850,000
850,000
(1,002,903)
(998,732)
(152,903)
(148,732)
Shareholders funds
For the year ended 29 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 29 September 2017
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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Vikash Investments Limited
For the year ended 29 December 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The company is a parent company subject to the small companies
'
regime
.
The company and its subsidiary comprise
|
a small group
.
The company has
,
therefore
,
taken advantage of the option provided by section
398
of the Companies
|
Act
2006
not to prepare group accounts
.
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the shareholders who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
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Monetary assets and liabilities denominated in foreign currencies are translated into dollars at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are translated into dollars at the rate ruling on the
|
date of the transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Fixed asset investments are stated at cost less provision for any permanent diminution in value.
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Notes to the Abbreviated Financial Statements
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Vikash Investments Limited
For the year ended 29 December 2016
2
Fixed asset investments
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585,000
585,000
585,000
585,000
-
-
The company owns more than 20% of the issued share capital of the companies listed below: The company owns 77.52% of the ordinary share capital of Sintez Vikash Investments Limited, a company registered in Belarus. The company reported a profit of $22,113 in the year to 29 December 2016 and had negative capital and reserves of $88,864 at that date.
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Debtors due after more than one year
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Debtors include an amount of
$
193
,
254
(
2015
-
$
205
,
146
)
falling due after more than one year
.
|
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