Company Registration No. 05051849 (England and Wales)
INTEREUROPA REAL ESTATE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
INTEREUROPA REAL ESTATE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
INTEREUROPA REAL ESTATE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
€
€
€
€
Fixed assets
Investments
2
2,187,144
2,537,354
Cash at bank and in hand
65,473
-
Creditors: amounts falling due within one year
(3,170)
(160,293)
Net current assets/(liabilities)
62,303
(160,293)
Total assets less current liabilities
2,249,447
2,377,061
Creditors: amounts falling due after more than one year
(2,763,480)
(2,887,380)
(514,033)
(510,319)
Capital and reserves
Called up share capital
3
14,871
14,871
Profit and loss account
(528,904)
(525,190)
Shareholder's funds
(514,033)
(510,319)
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 17 November 2016
Mr J L Mora Rodriguez
Director
Company Registration No. 05051849
INTEREUROPA REAL ESTATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 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).
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's shareholder and its creditors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.
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
Turnover
Turnover represents interest receivable.
interest receivable.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Foreign currency translation
The financial statements are prepared in euros.
Monetary assets and liabilities denominated in
non-euro
currencies are translated into
euros
at the rates of exchange ruling at the balance sheet date. Transactions in
non-euro
currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.6
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.
INTEREUROPA REAL ESTATE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
2
Fixed assets
Investments
€
Cost
At 1 March 2015
3,055,720
Additions
9,890
Disposals
(360,100)
At 28 February 2016
2,705,510
Depreciation
At 1 March 2015 & at 28 February 2016
518,366
Net book value
At 28 February 2016
2,187,144
At 28 February 2015
2,537,354
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
Suabiram Tekabut S.R.O.
Czech Republic
Ordinary
98.99
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
2016
2016
Principal activity
€
€
Suabiram Tekabut S.R.O.
Real estate
446,283
33,247
3
Share capital
2016
2015
€
€
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
14,871
14,871