Ketrawe Holding Limited
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Registered number: |
08808585
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Directors' Report |
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The directors present their report and accounts for the period ended 31 December 2014. |
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Principal activities |
The company's principal activity during the period was that of an investment holding company. The company was incorporated on 10 December 2013.
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Directors |
The following persons served as directors during the period: |
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Richard Hazzard (Appointed 10/12/2013)
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Versos Directors Limited (Appointed 10/12/2013)
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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 21 December 2015 and signed on its behalf. |
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Richard Hazzard |
Director |
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Ketrawe Holding Limited
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Balance Sheet |
as at 31 December 2014
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Notes |
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2014 |
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€ |
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Fixed assets |
Investments |
3 |
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224,794 |
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Current assets |
Debtors |
4 |
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121 |
Cash at bank and in hand |
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10,551 |
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10,672 |
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Creditors: amounts falling due within one year |
5 |
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(2,704) |
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Net current assets |
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7,968 |
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Total assets less current liabilities |
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232,762 |
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Creditors: amounts falling due after more than one year |
6 |
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(249,900) |
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Net liabilities |
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(17,138) |
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Capital and reserves |
Called up share capital |
7 |
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121 |
Profit and loss account |
8 |
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(17,259) |
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Shareholder's funds |
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(17,138) |
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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 member has 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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Richard Hazzard |
Director |
Approved by the board on 21 December 2015
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Ketrawe Holding Limited
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Notes to the Accounts |
for the period from 10 December 2013 to 31 December 2014
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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). The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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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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Group accounts |
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The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 248 of the Companies Act 1985 not to prepare group accounts. |
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Investments |
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Fixed asset investments are stated at cost less provision for diminution in value. The diminution in value is taken to the profit and loss account. |
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2 |
Interest payable & similar charges |
2014 |
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€ |
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Loss on foreign exchange |
1,184 |
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3 |
Investments |
Shares in |
Equity finance |
group |
to group |
undertakings |
undertakings |
and |
and |
participating |
participating |
interests |
interests |
Total |
€ |
€ |
€ |
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Cost |
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Additions |
82,500 |
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142,294 |
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224,794 |
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At 31 December 2014 |
82,500 |
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142,294 |
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224,794 |
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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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Ketrawe International SA |
Ordinary |
100 |
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311,052 |
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227,700 |
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Ketrawe International SA is a company incorporated in Switzerland. The above results relate to the financial statements of Ketrawe International SA for the period ended 31 December 2014. |
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4 |
Debtors |
2014 |
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€ |
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Other debtors |
121 |
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5 |
Creditors: amounts falling due within one year |
2014 |
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€ |
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Other creditors |
2,704 |
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6 |
Creditors: amounts falling due after one year |
2014 |
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€ |
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Other creditors |
249,900 |
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7 |
Share capital |
Nominal |
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2014 |
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2014 |
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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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121 |
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8 |
Profit and loss account |
2014 |
€ |
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Loss for the period |
(17,259) |
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At 31 December 2014 |
(17,259) |
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9 |
Ultimate controlling party |
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The directors are aware of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality.
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