247_INCORPORATORS_LIMITED - Accounts


Company Registration No. 06713827 (England and Wales)
247 INCORPORATORS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
247 INCORPORATORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
247 INCORPORATORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
0
 
3,646 
Investments
2
-
0
 
15,000 
-
0
 
18,646 
Current assets
Stocks
-
0
 
2,530 
Debtors
1 
654,008 
Cash at bank and in hand
-
0
 
438,705 
1 
1,095,243 
Creditors: amounts falling due within one year
-
0
 
(1,007,500)
Net current assets
1 
87,743 
Total assets less current liabilities
1 
106,389 
Capital and reserves
Called up share capital
3
1 
1 
Profit and loss account
-
0
 
106,388 
Shareholders' funds
1 
106,389 
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 27 July 2015
Mrs B Kahan
Director
Company Registration No. 06713827
247 INCORPORATORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
15% reducing balance
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2014
7,658 
15,000 
22,658 
Disposals
(7,658)
(15,000)
(22,658)
At 31 December 2014
Depreciation
At 1 January 2014
4,013 
4,013 
On disposals
(4,013)
(4,013)
At 31 December 2014
Net book value
At 31 December 2014
-
0
 
At 31 December 2013
3,646 
15,000 
18,646 
The above investment is capital introduced to Dorlando LLP.
247 INCORPORATORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1Ordinary share of £1 each
1 
1 
4
Ultimate parent company
The entire share capital of the company is owned by Xephyr Limited, a company registered in England and Wales. Xephyr Limited is the immediate holding company. The ultimate holding company is Milstead Worldwide Limited (BVI), a company registered in the British Virgin Islands.
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