Abbreviated Company Accounts - TELEPHUS INVESTMENTS LIMITED

TELEPHUS INVESTMENTS LIMITED - Company Information

05357199 TELEPHUS INVESTMENTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05357199 2014-04-01 2015-03-31 05357199 2015-03-31 05357199 2014-03-31 05357199 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05357199 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:EUR shares

Registered Number 05357199

TELEPHUS INVESTMENTS LIMITED

Abbreviated Accounts

31 March 2015

TELEPHUS INVESTMENTS LIMITED Registered Number 05357199

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		€	€
Fixed assets
Tangible assets	2	711,597	388,151
Investments	3	-	3,006
		711,597	391,157
Current assets
Debtors		12,373	16,984
Cash at bank and in hand		931,590	1,169,144
		943,963	1,186,128
Creditors: amounts falling due within one year		(1,699)	(1,959,173)
Net current assets (liabilities)		942,264	(773,045)
Total assets less current liabilities		1,653,861	(381,888)
Creditors: amounts falling due after more than one year		(2,190,857)	(260,424)
Accruals and deferred income		(2,968)	(2,106)
Total net assets (liabilities)		(539,964)	(644,418)
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		(539,967)	(644,421)
Shareholders' funds		(539,964)	(644,418)

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 December 2015

And signed on their behalf by:
Tanya O'Carroll - for and on behalf of Aspire Directors Limited, Director

TELEPHUS INVESTMENTS LIMITED Registered Number 05357199

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Investment property comprises property that is held to earn rental income or for capital appreciation or both. Depreciation is not provided in respect of freehold investment properties, or in respect of leasehold investment properties where the unexpired term of the lease is more than 20 years.
The Financial Statements have not been prepared in accordance with the Financial Reporting Standard for Smaller Entities as the Directors have not obtained an open market valuation of the investment properties at the Balance Sheet date. In the opinion of the Directors an open market valuation could not be obtained without undue cost or effort and would not be materially different to cost.

Other accounting policies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the Balance Sheet date. All differences are taken to the Profit and Loss Account. The issued share capital was translated from Sterling into Euros at the historical rate of 1 to 1.455 Euros (and rounded to the nearest whole number).

2Tangible fixed assets

	€
Cost
At 1 April 2014	388,151
Additions	323,446
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	711,597
Depreciation
At 1 April 2014	-
Charge for the year	-
On disposals	-
At 31 March 2015	-
Net book values
At 31 March 2015	711,597
At 31 March 2014	388,151

The Company acquired freehold land and buildings in Portugal on 23 December 2011 and capitalised costs of €323,446 (2014: €140,737) during the year.

3Fixed assets Investments
The Company holds 100% of the share capital of Tramfordd Construmat, S.L.

Tramfordd Construmat, S.L, is a Spanish registered company (no. B-63780233) the principal activity of which is asset holding. Subsequent to the year end the director of the subsidiary undertaking indicated their intention to place the subsidiary in voluntary liquidation with no distribution to the shareholder anticipated. The Directors have therefore written off the investment as they consider its value to be nil.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 €	2014 €
2 Ordinary shares of €1.45 each	3	3

Authorised share capital 100 ordinary shares of £1 each.