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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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BECHRIS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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BECHRIS LTD |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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BECHRIS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
www.michaelfiliou.com |
Salisbury House |
81 High Street |
Potters Bar |
Hertfordshire |
EN6 5AS |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | € | € | € | € |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 | 9 |
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Retained earnings | 10 | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
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. |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Bechris Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in Eur (€) which is the functional currency of the company. |
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These financial statements for the year ended 31 December 2016 is the first financial statements of Bechris Ltd |
that comply with FRS102. The date of transition to FRS 102 is 1 April 2015. |
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The transition to FRS 102 has not resulted in any changes in accounting policies compared to those used |
previously. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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Inventories |
Inventories are measured at the lower of cost and selling price less cost to complete and sell. Cost is calculated |
on a first in, first out basis and includes all costs of purchases, costs of conversion and other costs incurred in |
bringing the inventories to their present location and condition. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the statement |
of financial position 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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Freehold |
property |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | FIXED ASSET INVESTMENTS |
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2016 | 2015 |
€ | € |
Shares in group undertakings |
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Participating interests |
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Loans to undertakings in which the company
has a participating interest |
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Additional information is as follows: |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
€ | € | € |
COST |
At 1 January 2016 |
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7,100 |
Additions |
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1,000 |
At 31 December 2016 |
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3,000 | 8,100 |
NET BOOK VALUE |
At 31 December 2016 |
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8,100 |
At 31 December 2015 |
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7,100 |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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4. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Statement of Financial Position date in the share capital of companies include |
the following: |
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Registered office: Italy |
Nature of business:
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Class of shares: | holding |
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€ | € |
Aggregate capital and reserves |
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Profit for the year |
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Registered office: Italy |
Nature of business:
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% |
Class of shares: | holding |
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2016 |
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Aggregate capital and reserves |
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Profit for the year |
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Registered office: Macedonia |
Nature of business:
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% |
Class of shares: | holding |
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The Company was set up on 05/05/2015 and had no activity during the year ended 31/12/2016. |
Loans to |
associates |
€ |
At 1 January 2016 |
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Repayment in year | ( |
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At 31 December 2016 |
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5. | STOCKS |
2016 | 2015 |
€ | € |
Stocks |
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BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
€ | € |
Trade debtors |
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VAT |
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Prepayments |
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7. | CURRENT ASSET INVESTMENTS |
2016 | 2015 |
€ | € |
Unlisted investments | 18,030 | 18,030 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
€ | € |
Trade creditors |
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Tax | ( |
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Other creditors |
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Customer payments in advance | 2,393 | 2,393 |
Shareholder's loan account | 246,739 | 244,066 |
Accrued expenses |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | € | € |
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Ordinary | €1 | 171,000 | 171,000 |
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10. | RESERVES |
Retained |
earnings |
€ |
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At 1 January 2016 | ( |
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Deficit for the year | ( |
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At 31 December 2016 | ( |
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11. | RELATED PARTY DISCLOSURES |
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Loan from shareholder |
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The amount due to the shareholder at the reporting date was €246,739 (2015 - €244,066). The loan is |
interest-free, unsecured and it is repayable on demand. |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr Sami Behare. |
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The controlling party is Mr S Behare by virtue of the fact that he holds 100% of the issued share capital of the |
company. |