Company Registration No. 03002059 (England and Wales)
ATHENA INVESTMENTS LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
ATHENA INVESTMENTS LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ATHENA INVESTMENTS LTD.
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
721,391
721,473
Current assets
Debtors
26,557
22,289
Cash at bank and in hand
14,888
12,003
41,445
34,292
Creditors: amounts falling due within one year
(138,710)
(187,633)
Net current liabilities
(97,265)
(153,341)
Total assets less current liabilities
624,126
568,132
Creditors: amounts falling due after more than one year
(1,750)
(18,136)
622,376
549,996
Capital and reserves
Called up share capital
3
3
3
Profit and loss account
622,373
549,993
Shareholders' funds
622,376
549,996
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
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 12 September 2016
A V A L Belli
Director
Company Registration No. 03002059
ATHENA INVESTMENTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 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
Turnover
The company's income is derived from rental of UK property.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Depreciation is not provided for on freehold land and buildings
Plant and machinery
25% reducing balance basis
Fixtures, fittings & equipment
25% reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
727,119
Depreciation
At 1 January 2015
5,718
Charge for the year
10
At 31 December 2015
5,728
Net book value
At 31 December 2015
721,391
At 31 December 2014
721,473
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
3 Ordinary shares of £1 each
3
3
ATHENA INVESTMENTS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
4
Related party relationships and transactions
Other transactions
The directors were repaid sums totalling £53,373 during the year. The amounts due to them at the year end were £115,053. (2014 £168,426)