Comparabien Limited
Unaudited Abbreviated Accounts
For the year ended 31 December 2015
Company Registration No. 08397664 (England and Wales)
Comparabien Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
Comparabien Limited
Abbreviated Balance Sheet
As at 31 December 2015
Page 1
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,903
1,111
Investments
2
2,776
2,776
4,679
3,887
Current assets
Debtors
315,452
229,752
Cash at bank and in hand
11,050
58,463
326,502
288,215
Creditors: amounts falling due within one year
(30,137)
(93,393)
Net current assets
296,365
194,822
Total assets less current liabilities
301,044
198,709
Capital and reserves
Called up share capital
3
135
129
Share premium account
629,733
396,095
Profit and loss account
(328,824)
(197,515)
Shareholders' funds
301,044
198,709
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.
The members have not required the company to obtain an audit.
The directors acknowledge their 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 29 September 2016
L M Castellanos Alvarez
Director
Company Registration No. 08397664
Comparabien Limited
Notes to the Abbreviated Accounts
For the year ended 31 December 2015
Page 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
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Comparabien Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 December 2015
Page 3
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
1,376
2,776
4,152
Additions
1,363
-
1,363
At 31 December 2015
2,739
2,776
5,515
Depreciation
At 1 January 2015
265
-
265
Charge for the year
571
-
571
At 31 December 2015
836
-
836
Net book value
At 31 December 2015
1,903
2,776
4,679
At 31 December 2014
1,111
2,776
3,887
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
Comparabien S. A.
Peru
Ordinary
100.00
Comparabien Colombia SAS
Colombia
Ordinary
100.00
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
£
£
Comparabien S. A.
Financial product comparison websites in Peru
(276,001)
(64,667)
Comparabien Colombia SAS
Financial product comparison websites in Colombia
(10,474)
(6,425)
Comparabien Limited
Notes to the Abbreviated Accounts (Continued)
For the year ended 31 December 2015
Page 4
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
13,500 Ordinary of 1p each
135
129
During the year, 595 1p Ordinary Shares were issued for a total consideration of £233,645.
4
Related party relationships and transactions
As at the year end the company owed £6,468 (2014: £41,468) to L M Castellanos Alvarez, the company director.