Managing Growth Trustees (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03226573 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 December 2014

for

Managing Growth Trustees (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

S C Righetti

Miss T C Gilliland

Miss E Barbaglia

SECRETARY:

REGISTERED OFFICE:

1st Floor

4 - 5 Gough Square

London

EC4A 3DE

REGISTERED NUMBER:

03226573 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

Second Floor

4-5 Gough Square

London

EC2A 3DE

FIXED ASSETS

Tangible assets

2

-

-

Investments

3

462,096

384,000

462,096

384,000

CURRENT ASSETS

Debtors

3,661

3,661

Cash at bank

227,106

101,829

230,767

105,490

CREDITORS

Amounts falling due within one year

(119,012

)

(123,119

)

NET CURRENT ASSETS/(LIABILITIES)

111,755

(17,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

573,851

366,371

CREDITORS

Amounts falling due after more than one year

(148,539

)

(148,539

)

NET ASSETS

425,312

217,832

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

424,312

216,832

SHAREHOLDERS' FUNDS

425,312

217,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 August 2015 and were signed on its behalf by:

Miss T C Gilliland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

62,509

DEPRECIATION

At 1 January 2014

and 31 December 2014

62,509

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2014

384,000

Additions

78,096

At 31 December 2014

462,096

NET BOOK VALUE

At 31 December 2014

462,096

At 31 December 2013

384,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

1

1,000

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Gower Accountancy

Chartered Certified Accountants

Second Floor

4-5 Gough Square

London

EC2A 3DE

11 August 2015