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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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BECHRIS LTD |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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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 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 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 2019 |
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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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ABRIDGED BALANCE SHEET |
31 DECEMBER 2019 |
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2019 | 2018 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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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Retained earnings | ( |
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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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ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2019 |
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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 and authorised for issue 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 2019 |
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1. | STATUTORY INFORMATION |
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Bechris Ltd is a
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The presentation currency of the financial statements is the Euro (€). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
The accounts have been prepared on a going concern basis. |
The director is aware of material uncertainties that cast doubt on the company's ability to continue as a |
going concern. As with most businesses, these material uncertainties are in relation to the ongoing Covid-19 |
virus outbreak which has had an impact on the operations, customers, suppliers and staff. The director has (where appropriate) utilised the grants and benefits available from the government and are taking all the steps they can to protect the future of the business. |
The director has also prepared a cash flow forecast for the period to December 2021 and on this basis believe that the company has sufficient facilities to meet its liabilities as they fall due for the foreseeable future, and specifically for a period of not less than 12 months from the date of the signing of these financial statements. The director therefore considers the preparation of the financial statements on a going concern basis to be appropriate. |
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Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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3. | ACCOUNTING POLICIES - continued |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 January 2019 |
and 31 December 2019 | 8,100 |
NET BOOK VALUE |
At 31 December 2019 | 8,100 |
At 31 December 2018 | 8,100 |
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The company's investments at the Balance Sheet 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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BECHRIS LTD (REGISTERED NUMBER: 08465685) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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5. | FIXED ASSET INVESTMENTS - continued |
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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/(loss) for the year |
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( |
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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 31/12/2019. |
Information on loans is as follows: |
Totals |
€ |
At 1 January 2019 |
and 31 December 2019 |
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The loan is to Cucina Undici SRL. It is interest free and repayable on demand. |
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6. | INVESTMENT PROPERTY |
Total |
€ |
FAIR VALUE |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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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 2019 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | € | € |
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Ordinary | €1 | 171,000 | 171,000 |
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8. | 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. |