Registered Number 06538644
KEYSTONE INVESTMENTS LTD
Abbreviated Accounts
31 December 2014
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Fixed assets | |||
Investments | 2 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention.
Preparation of consolidated financial statements:
The financial statements contain information about Keystone Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
The company and its subsidiary undertakings form part of a small-sized group.
Financial reporting standard number 1:
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.
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).
Deferred tax:
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Foreign currencies:
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Investments:
Fixed asset investments are stated at cost less provision for diminution in value.
Other accounting policies
The director is unable to identify the ultimate controlling party or any related party transactions.
2
Fixed assets Investments
COST at 1 January 2014: 174,830
Additions: 50,000
At 31 December 2014: 224,830
NET BOOK VALUE at 31 December 2014: 224,830
At 31 December 2013: 174,830
The company's investments at the Balance Sheet date in the share capital of companies include the following:
-G S C Diving Technologies Hurgada
Country of incorporation: Egypt
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € (86,671), 31.12.13 € (40,009)
Loss for the year: 31.12.14 € (42,503), 31.12.13 € (2,003)
-Coltri Sub Sharm
Country of incorporation: Egypt
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € 128,304, 31.12.13 € 140,977
(Loss)/Profit for the year: 31.12.14 € (26,932), 31.12.13 € (16,779)
-Siam Scuba Training Co Limited
Country of incorporation: Thailand
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € 146,117, 31.12.13 € 129,253
Loss for the year: 31.12.14 € (88), 31.12.13 € (137)
-Keystone Inv Inc
Country of incorporation: USA
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € 297,357 31.12.13 € 293,682
Profit for the year: 31.12.14 € 129,667, 31.12.13 € 86,892
-Laxus DOO
Country of incorporation: Croatia
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € 2,712 31.12.13 € 11,126
Loss for the year: 31.12.14 € (8,364), 31.12.13 € (28,000)
-Tomasoni
Country of incorporation: Croatia
Class of shares: Ordinary
Holding: % 100
Aggregate capital and reserves: 31.12.14 € 24,948, 31.12.13 € 25,063
Loss for the year: 31.12.14 € (1,127), 31.12.13 € (2,052)