Coral Europe Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07121085 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2014

for

Coral Europe Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A Gallardo

J Baena

J A Pedro

SECRETARY:

J Nunez Garcia

REGISTERED OFFICE:

Suite 122, Airport House

Purley Way

Croydon

Surrey

CR0 0XZ

REGISTERED NUMBER:

07121085 (England and Wales)

ACCOUNTANTS:

Bruce ML Gray

Chartered Accountants

Suite 122

Airport House

Purley way

Croydon

Surrey

CR0 0XZ

FIXED ASSETS

Tangible assets

2

203,008

-

Investments

3

85,492

-

288,500

-

CURRENT ASSETS

Debtors

100

1

Cash at bank

5,824

-

5,924

1

CREDITORS

Amounts falling due within one year

301,905

-

NET CURRENT (LIABILITIES)/ASSETS

(295,981

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,481

)

1

CAPITAL AND RESERVES

Called up share capital

4

100

1

Profit and loss account

(7,581

)

-

SHAREHOLDERS' FUNDS

(7,481

)

1

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 10 July 2014 and were signed on its behalf by:

J Baena - Director

M A Gallardo - 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).

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

203,008

At 31 January 2014

203,008

NET BOOK VALUE

At 31 January 2014

203,008

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

85,492

At 31 January 2014

85,492

NET BOOK VALUE

At 31 January 2014

85,492

The company's investments at the balance sheet date in the share capital of companies include the following:

Coral Vision Europa SA

Country of incorporation: Portugal

Nature of business: Management consultancy

%

Class of shares:

holding

Ordinary

100.00

31.12.13

£

Aggregate capital and reserves

2,632,459

Profit for the year

902,120

Coral Europa SA

Country of incorporation: Spain

Nature of business: Management consultancy

%

Class of shares:

holding

Ordinary

100.00

31.12.13

£

Aggregate capital and reserves

(1,653,246

)

Loss for the year

(267,253

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

1

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.