Grace Blue USA Limited - Dormant company accounts 11.9

REGISTERED NUMBER: 08136370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

GRACE BLUE USA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Timms

M Goldstein

Mrs G Haines

J W B Haines

M V Lockett

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

08136370 (England and Wales)

FIXED ASSETS

Investments

2

320

320

CURRENT ASSETS

Debtors

55,003

681

CREDITORS

Amounts falling due within one year

53,927

-

NET CURRENT ASSETS

1,076

681

TOTAL ASSETS LESS CURRENT LIABILITIES

1,396

1,001

CAPITAL AND RESERVES

Called up share capital

3

881

1,001

Capital redemption reserve

120

-

Profit and loss account

395

-

SHAREHOLDERS' FUNDS

1,396

1,001

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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.

These financial statements 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 16 December 2015 and were signed on its behalf by:

J Timms - 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).

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

320

NET BOOK VALUE

At 31 March 2015

320

At 31 March 2014

320

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

880,700

Ordinary

£0.00

1

881

1,001

On 23 December 2014, 1,199 Ordinary £0.10 shares were purchased back by the Company. On the same day,

each £0.10 Ordinary share was split into 100 Ordinary shares, each worth £0.001. As a result of these events,

there became 880,700 Ordinary £0.001 shares in issue.

On 10 March 2015, all shares in issue were transferred to Cobalt Blue Worldwide Holdings Limited.

4.	RELATED PARTY DISCLOSURES

Dividends totalling £54,322 (2014: £nil) were voted by Grace Blue LLC in the year. At the year end, Grace Blue

LLC owed the Company £55,003 (2014: £681).

The share buy-back that occurred in the year was funded by Graceblue Limited, with the result being that at the

year end, the Company owed Graceblue £53,927 (2014: £nil).

5.

CONTROL

The Company had no controlling party until 10 March 2015 when all share capital was transferred to Cobalt Blue

Worldwide Holdings Limited. There is no controlling party of Cobalt Blue Worldwide Holdings Limited.