Mariton Investments Limited
|
Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
€ |
€ |
Fixed assets |
Investments |
4 |
|
|
1,924,747 |
|
|
1,924,747 |
|
Current assets |
Debtors |
5 |
|
221,337 |
|
|
218,409 |
Cash at bank and in hand |
|
|
3,074 |
|
|
2,501 |
|
|
|
224,411 |
|
|
220,910 |
|
Creditors: amounts falling due within one year |
6 |
|
(15,187) |
|
|
(12,190) |
|
Net current assets |
|
|
|
209,224 |
|
|
208,720 |
|
Net assets |
|
|
|
2,133,971 |
|
|
2,133,467 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
7 |
|
|
3 |
|
|
3 |
Capital redemption reserve |
8 |
|
|
2,306,679 |
|
|
2,272,179 |
Profit and loss account |
9 |
|
|
(172,711) |
|
|
(138,715) |
|
Shareholders' funds |
|
|
|
2,133,971 |
|
|
2,133,467 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
|
Benjamin Bateson |
Director |
Approved by the board on 6 September 2016
|
|
Mariton Investments Limited
|
Notes to the Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared on the going concern basis. This is considered appropriate as the company's shareholders will continue to provide financial support to the company for the foreseeable future.
|
|
|
The company has elected not to produce a cash flow statement on the grounds that it is not required under the FRSSE 2015 |
|
|
Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Foreign currencies |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Investments |
|
Fixed asset investments are stated at cost less provision for diminution in value. Any diminution in value is taken to the profit and loss account. |
|
|
2 |
Interest payable and similar charges |
2015 |
|
2014 |
€ |
€ |
|
|
Loss on foreign exchange |
- |
|
18 |
|
|
|
|
|
|
|
|
|
|
3 |
Interest receivable and similar income |
2015 |
|
2014 |
€ |
€ |
|
|
Income from investments |
1,947 |
|
1,965 |
|
Other interest received |
2,823 |
|
2,787 |
|
|
|
|
|
|
4,770 |
|
4,752 |
|
|
|
|
|
|
|
|
|
|
4 |
Investments |
Investments in |
subsidiary |
Other |
undertakings |
investments |
Total |
€ |
€ |
€ |
|
Cost |
|
At 1 January 2015 |
1,334,247 |
|
590,500 |
|
1,924,747 |
|
|
At 31 December 2015 |
1,334,247 |
|
590,500 |
|
1,924,747 |
|
|
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
€ |
€ |
|
Habenllog SL |
Ordinary |
27.82 |
|
9,347,426 |
|
106,457 |
|
|
The above company is incorporated in Spain. The principal activity of the company is real estate. |
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The above results relate to the year ended 31 December 2015. |
|
|
|
Other investments |
2015 |
|
2014 |
€ |
€ |
|
|
Unlisted investments |
590,500 |
|
590,500 |
|
|
|
|
|
|
|
|
|
|
The unlisted investment represents a 16.79% investment in Varosa 10 SL and a 16.57% interest in Lackanton Edifaciones SL. Both companies are incorporated in Spain and both investments are stated at cost. |
|
|
|
|
|
|
|
|
|
|
5 |
Debtors |
2015 |
|
2014 |
€ |
€ |
|
|
Other debtors |
221,337 |
|
218,409 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
€ |
€ |
|
|
Other creditors |
15,187 |
|
12,190 |
|
|
|
|
|
|
|
|
|
|
7 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
€ |
€ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
8 |
Capital redemption reserve |
2015 |
€ |
|
|
At 1 January 2015 |
2,272,179 |
|
Movement during the period |
34,500 |
|
|
At 31 December 2015 |
2,306,679 |
|
|
|
|
|
|
|
|
9 |
Profit and loss account |
2015 |
€ |
|
|
At 1 January 2015 |
(138,715) |
|
Loss for the year |
(33,996) |
|
|
At 31 December 2015 |
(172,711) |
|
|
|
|
|
|
|
|
10 |
Ultimate controlling party |
|
|
The directors are aware of the identity of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality
|