Germany One (III) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06240356 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

GERMANY ONE (III) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Hyde

REGISTERED OFFICE:

10 Windsor Court

Victoria Road

Barnsley

South Yorkshire

S70 2BD

REGISTERED NUMBER:

06240356 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

The Royal Bank of Scotland N.V

Niederlassung Deutschland

Frankfurt am Main

FIXED ASSETS

Investment property

2

-

2,050,000

CURRENT ASSETS

Debtors

99,956

6,278

Cash at bank

29,159

26,966

129,115

33,244

CREDITORS

Amounts falling due within one year

3

182,514

2,127,470

NET CURRENT LIABILITIES

(53,399

)

(2,094,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,399

)

(44,226

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Revaluation reserve

-

82,651

Profit and loss account

(53,401

)

(126,879

)

SHAREHOLDERS' FUNDS

(53,399

)

(44,226

)

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 director acknowledges his 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 and authorised for issue by the director on 24 September 2015 and were signed by:

Mr J Hyde - 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 amounts receivable for rentals and service charges provided under the

tenancy contracts to the extent that there is a right to consideration.

Investment property

Investment properties are revalued annually at their open market value in accordance with

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

deficit on revaluation is transferred to a revaluation reserve.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into €uros

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 transaction. Exchange differences are taken

into account in arriving at the operating result.

2.	INVESTMENT PROPERTY

Total

€

COST

At 1 January 2014

2,050,000

Disposals

(2,050,000

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

2,050,000

3.

CREDITORS

Creditors include an amount of € 0 (31.12.13 - € 1,490,437 ) for which security has been

given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

€

€

100

Ordinary

€1

2

2

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Germany One Limited.

The ultimate controlling party is Mr R Russell.