Sonadora Limited
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Registered number: |
05728462
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Directors' Report |
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The directors present their report and accounts for the year ended 31 March 2016. |
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Principal activities |
The company's principal activity during the year continued to be holding investments.
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Directors |
The following persons served as directors during the year: |
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Mapsbury Directors Limited (appointed 28 May 2014 and resigned 01 March 2016)
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Anthony Dunn (appointed 28 May 2014 and resigned 01 March 2016)
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Alessandro Iacovazzi (appointed 01 March 2016)
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 28 December 2016 and signed by its order. |
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Mapsbury Secretaries Limited |
Secretary |
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Sonadora Limited
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Balance Sheet |
as at 31 March 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Fixed assets |
Investments |
2 |
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16,529 |
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16,529 |
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Current assets |
Cash at bank and in hand |
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|
100 |
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100 |
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Net current assets |
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100 |
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100 |
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Total assets less current liabilities |
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16,629 |
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16,629 |
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Creditors: amounts falling due after more than one year |
3 |
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(16,529) |
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(16,529) |
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Net assets |
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100 |
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100 |
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Capital and reserves |
Called up share capital |
4 |
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100 |
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100 |
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Shareholders' funds |
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100 |
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100 |
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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.
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Alessandro Iacovazzi |
Director |
Approved by the board on 28 December 2016
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Sonadora Limited
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Notes to the Accounts |
for the year ended 31 March 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts 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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Investments |
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Investments in subsidiaries are valued at cost less provisions for permanent impairments. |
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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. |
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2 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 April 2015 |
16,529 |
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At 31 March 2016 |
16,529 |
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The company holds 20% or more of the share capital of the following companies: |
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Capital and |
Profit (loss) |
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Company |
Shares held |
reserves |
for the year |
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Class |
% |
€ |
€ |
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Madatex SRL |
Ordinary |
100 |
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212,024 |
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(267,700) |
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Immobiliare Fralosa SRL |
Ordinary |
100 |
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324,102 |
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10,192 |
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Both the above are stated as at 31 December 2014. It is planned that Madatex Srl will be dissolved |
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in the near future. |
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3 |
Creditors: amounts falling due after one year |
2016 |
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2015 |
£ |
£ |
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Shareholder's loan |
16,529 |
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16,529 |
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4 |
Share capital |
Nominal |
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2016 |
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2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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100 |
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100 |
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100 |
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