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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 March 2016 |
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ASTAREX LIMITED |
DRAFT
30/03/17 19:19 |
REGISTERED NUMBER:
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Report of the Director and |
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Unaudited Financial Statements for the Year Ended 31 March 2016 |
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for |
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ASTAREX LIMITED |
ASTAREX LIMITED (Registered number: 05403367) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2016 |
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DRAFT
30/03/17 19:19 |
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Company Information | 1 |
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Report of the Director | 2 |
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Report of the Accountants | 3 |
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Profit and Loss Account | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 7 |
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ASTAREX LIMITED |
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Company Information |
for the Year Ended 31 March 2016 |
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DRAFT
30/03/17 19:19 |
DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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ASTAREX LIMITED (Registered number: 05403367) |
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Report of the Director |
for the Year Ended 31 March 2016 |
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DRAFT
30/03/17 19:19 |
The director presents his report with the financial statements of the company for the year ended 31 March 2016. |
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PRINCIPAL ACTIVITY |
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The principal activity of the company continued to be that of freight transport via road and railway. |
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The Director has decided that the accounts should be prepared in US$ to reflect the functional |
currency. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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ASTAREX LIMITED |
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Report of the Accountants to the Director of |
ASTAREX LIMITED |
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DRAFT
30/03/17 19:19 |
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As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages four to nine and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Date: ............................................. |
ASTAREX LIMITED (Registered number: 05403367) |
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Profit and Loss Account |
for the Year Ended 31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | $ | $ |
DRAFT
30/03/17 19:19 |
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TURNOVER |
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Cost of sales |
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GROSS (LOSS)/PROFIT | ( |
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Administrative expenses |
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OPERATING (LOSS)/PROFIT | 2 | ( |
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Interest receivable and similar
income |
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(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION |
( |
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Tax on (loss)/profit on ordinary
activities |
3 |
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(LOSS)/PROFIT FOR THE
FINANCIAL YEAR |
( |
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ASTAREX LIMITED (Registered number: 05403367) |
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Balance Sheet |
31 March 2016 |
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31.3.16 | 31.3.15 |
Notes | $ | $ | $ | $ |
DRAFT
30/03/17 19:19 |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Profit and loss account | 8 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387
of the Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ASTAREX LIMITED (Registered number: 05403367) |
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Balance Sheet - continued |
31 March 2016 |
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DRAFT
30/03/17 19:19 |
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The financial statements were approved by the director on
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ASTAREX LIMITED (Registered number: 05403367) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2016 |
DRAFT
30/03/17 19:19 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Investments |
Investments held as fixed assets are shown at cost less provision for impairment. |
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2. | OPERATING (LOSS)/PROFIT |
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The operating loss (2015 - operating profit) is stated after charging: |
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31.3.16 | 31.3.15 |
$ | $ |
Foreign exchange differences |
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Director's remuneration |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the loss on ordinary activities for the year was as follows: |
31.3.16 | 31.3.15 |
$ | $ |
Current tax: |
UK corporation tax |
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Tax on (loss)/profit on ordinary activities |
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4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
$ |
COST |
At 1 April 2015 |
and 31 March 2016 | 1,023,275 |
NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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ASTAREX LIMITED (Registered number: 05403367) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
DRAFT
30/03/17 19:19 |
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5. | DEBTORS |
31.3.16 | 31.3.15 |
$ | $ |
Amounts falling due within one year: |
Amounts recoverable on contract | 275,462 | 426,265 |
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Amounts falling due after more than one year: |
Amounts owed by undertakings in
which the company has a participating interest |
1,560,207 |
1,073,131 |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
$ | $ |
Payments on account |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | $ | $ |
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Ordinary | £ 1 |
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8. | RESERVES |
Profit |
and loss |
account |
$ |
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At 1 April 2015 |
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Deficit for the year | ( |
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At 31 March 2016 |
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9. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
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the company's ultimate parent company. |
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The company considers A W M Jansen to be the ultimate controlling party by virtue of his |
shareholding. |
ASTAREX LIMITED (Registered number: 05403367) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2016 |
DRAFT
30/03/17 19:19 |
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10. | RELATED PARTY DISCLOSURES |
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Hotel Jardin de Bellver S.A. |
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Associate company |
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At the balance sheet date the company was owed $1,073,131 by Hotel Jardin de Bellver S.A., |
its associate. During the year the company charged interest $28,863 to Hotel Jardin de |
Bellver S.A. |