Abbreviated Company Accounts - LAGUNA PARTNERS LIMITED
Abbreviated Company Accounts - LAGUNA PARTNERS LIMITED
Registered Number 07612797
LAGUNA PARTNERS LIMITED
Abbreviated Accounts
30 April 2014
LAGUNA PARTNERS LIMITED Registered Number 07612797
Abbreviated Balance Sheet as at 30 April 2014
| Notes | 2014 | 2013 | |
|---|---|---|---|
| € | € | ||
| Current assets | |||
| Debtors | 2 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
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( |
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| Total assets less current liabilities |
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( |
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| Total net assets (liabilities) |
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( |
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| Capital and reserves | |||
| Called up share capital |
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| Profit and loss account |
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| Shareholders' funds |
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( |
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For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
LAGUNA PARTNERS LIMITED Registered Number 07612797
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Valuation information and policy
i) Principal activities
The principal activity of the Company is internet marketing and promotion services.
ii) Significant accounting policies
The principal accounting policies adopted in the preparation of these financial statements are set out below:
iii) Accounting convention
The financial statements are prepared under the historical cost and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2011).
Other accounting policies
(i) Measurement currency
The financial statements are prepared in Euro (€), which is the currency that best reflects the economic substance of the underlying events and circumstances relevant to the Company.
(ii) Transactions and balances
Foreign currency transactions are translated into the measurement currency using the exchange rates prevailing at the date of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
(iii) Change of Accounting Policy
In order to reflect the fact that the main principal currency in which the company contacts its transactions is Euro, we have changed the reporting currency from GBP to Euro.
Share capital
Ordinary shares are classified as equity.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. In the balance sheet bank overdrafts are shown within borrowings in current liabilities.
2Debtors