Demetra Portfolio Ltd 31/12/2020 iXBRL

DEMETRA PORTFOLIO LIMITED - Company Information

3 31/12/2020 2020-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-01-01 Sage Accounts Production 2020 Update 1 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 08624296 2020-01-01 2020-12-31 08624296 2020-12-31 08624296 2019-01-01 2019-12-31 08624296 2019-12-31 08624296 bus:LeadAgentIfApplicable 2020-01-01 2020-12-31 08624296 bus:Director3 2020-01-01 2020-12-31 08624296 bus:Director1 2020-01-01 2020-12-31 08624296 core:WithinOneYear 2020-12-31 08624296 core:WithinOneYear 2019-12-31 08624296 core:AfterOneYear 2020-12-31 08624296 core:AfterOneYear 2019-12-31 08624296 bus:Director3 2019-12-31 08624296 bus:Director3 2020-12-31 08624296 bus:Director3 2018-12-31 08624296 bus:Director3 2019-12-31 08624296 bus:Director3 2019-01-01 2019-12-31 08624296 bus:Micro-entities 2020-01-01 2020-12-31 08624296 bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 08624296 bus:FullAccounts 2020-01-01 2020-12-31 08624296 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 08624296 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31

Company registration number: 08624296

Demetra Portfolio Ltd

Unaudited filleted financial statements

31 December 2020

Demetra Portfolio Ltd

Contents

Accountants report

Statement of financial position and notes to the financial statements

Demetra Portfolio Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Demetra Portfolio Ltd

Year ended 31 December 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Demetra Portfolio Ltd for the year ended 31 December 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Demetra Portfolio Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Demetra Portfolio Ltd and state those matters that we have agreed to state to the board of directors of Demetra Portfolio Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Demetra Portfolio Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Demetra Portfolio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Demetra Portfolio Ltd. You consider that Demetra Portfolio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Demetra Portfolio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

We have relied on the figures provided by the accountants acting for the company's overseas branch which accounts for all the transactions on these financial statements.

Kay Peters & Co

Chartered Certified Accountants

Ground Floor East

30 - 40 Eastcheap

City of London

London

EC3M 1HD

20 September 2021

Demetra Portfolio Ltd

Statement of financial position

31 December 2020

	2020	2019
	£	£

Current assets	350,528	561,172

Creditors: amounts falling due within one year	( 4,733)	( 147,589)
	_______	_______

Net current assets	345,795	413,583
	_______	_______

Total assets less current liabilities	345,795	413,583

Creditors: amounts falling due after more than one year	( 453,843)	( 418,182)

Accruals and deferred income	( 7,957)	( 3,731)

	_______	_______
Net liabilities	( 116,005)	( 8,330)
	_______	_______

Capital and reserves	( 116,005)	( 8,330)
	_______	_______

Notes to the financial statements

Demetra Portfolio Ltd

Year ended 31 December 2020

1. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2019: 3 ).

2. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2020
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Evangelos Lygdas	( 418,182)	( 35,661)	-	( 453,843)
		_______	_______	_______	_______

2019
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Evangelos Lygdas	( 492,481)	-	74,299	( 418,182)
		_______	_______	_______	_______

The director's loan is unsecured, it is not subject to interest and no date of repayment has been set. The directors retain the right to charge interest and set the repayment date which will be dependent on the company's performance.

3. Overseas branch

The amounts in the financial statements have been solely generated by the company's overseas branch.

4. Going concern

The company is dependent on its director and major shareholder for financial support to continue as a going concern.

For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsiblities:

- The member has not required the company to obtain an audit of its accounts 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 accounts.

The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 20 September 2021 , and are signed on behalf of the board by:

Mr Stelios Anastasiou Mr Evangelos Lygdas

Director Director

Company registration number: 08624296

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor East, 30-40 Eastcheap, City of London, London, EC3M 1HD.