Sotim Limited - Limited company - abbreviated - 11.9

Sotim Limited - Limited company - abbreviated - 11.9

SOTIM LIMITED - Company Information

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REGISTERED NUMBER: 04036908 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Sotim Limited

Sotim Limited (Registered number: 04036908)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Sotim Limited

Company Information
for the Year Ended 31 December 2014







DIRECTOR: Mrs S Santarelli





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 04036908 (England and Wales)





ACCOUNTANTS: Belluzzo & Partners LLP
38 Craven Street
London
WC2N 5NG
Page 1
Sotim Limited (Registered number: 04036908)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 2 133,713 162,223
Investment property 3 11,995,473 11,995,473
12,129,186 12,157,696

CURRENT ASSETS
Debtors 807,551 150,959
Cash at bank and in hand 18,518 40,673
826,069 191,632
CREDITORS
Amounts falling due within one year 147,850 353,522
NET CURRENT ASSETS/(LIABILITIES) 678,219 (161,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,807,405
11,995,806

CREDITORS
Amounts falling due after more than one
year
10,408,671
9,645,671
NET ASSETS 2,398,734 2,350,135

CAPITAL AND RESERVES
Called up share capital 4 118,559 118,559
Revaluation reserve 2,028,795 2,028,795
Profit and loss account 251,380 202,781
SHAREHOLDERS' FUNDS 2,398,734 2,350,135

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 her 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 notes form part of these abbreviated accounts

Page 2 continued...
Sotim Limited (Registered number: 04036908)

Abbreviated Balance Sheet - continued
31 December 2014


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 director on 30 October 2015 and were signed by:





Mrs S Santarelli - Director


The notes form part of these abbreviated accounts

Page 3
Sotim Limited (Registered number: 04036908)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

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
The turnover shown in the profit and loss account represents revenue recognised during the year in respect of
goods and services supplied exclusive of value added tax.

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


Plant & machinery : 2.5%-100% on cost on a straight line basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
€   
COST
At 1 January 2014
and 31 December 2014 760,641
DEPRECIATION
At 1 January 2014 598,418
Charge for year 28,510
At 31 December 2014 626,928
NET BOOK VALUE
At 31 December 2014 133,713
At 31 December 2013 162,223

Page 4 continued...
Sotim Limited (Registered number: 04036908)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

3. INVESTMENT PROPERTY
Total
€   
COST
At 1 January 2014
and 31 December 2014 11,995,473
NET BOOK VALUE
At 31 December 2014 11,995,473
At 31 December 2013 11,995,473

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: €    €   
73,945 Ordinary £1 118,559 118,559

Page 5