Company Registration No. 03956953 (England and Wales)
1949 LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1949 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
1949 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
1,000
1,000
Current assets
Debtors
151,156
151,156
Cash at bank and in hand
26
26
151,182
151,182
Creditors: amounts falling due within one year
(347,956)
(347,956)
Net current liabilities
(196,774)
(196,774)
Total assets less current liabilities
(195,774)
(195,774)
Capital and reserves
Called up share capital
3
3
3
Profit and loss account
(195,777)
(195,777)
Shareholders' funds
(195,774)
(195,774)
For the financial year ended 31 December 2015 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 year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 September 2016
P M Button
Director
Company Registration No. 03956953
1949 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 January 2015 & at 31 December 2015
1,000
At 31 December 2014
1,000
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Silanta Investments Limited
Bahamas
Ordinary
100.00
Silanta Cyrpus
Cyprus
Ordinary
100.00
1949 LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Silanta Investments Limited
Dormant
-
-
Silanta Cyrpus
Dormant
-
-
It has not been possible to obtain information regarding the aggregate capital and reserves and results for the period for the overseas subsidiaries required for disclosure under Part 15 of the Companies Act 2006
.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
6 Ordinary shares of 50p each
3
3