COEX_PARTNERS_(HOLDINGS)_ - Accounts

COEX PARTNERS LIMITED - Company Information

Print Friendly Version

Company Registration No. 09301514 (England and Wales)

COEX PARTNERS (HOLDINGS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

COEX PARTNERS (HOLDINGS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

COEX PARTNERS (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Investments

780,401

Current assets

Debtors

1,412,640

Cash at bank and in hand

11,508

1,424,148

Creditors: amounts falling due within one year

(992,413)

Net current assets

431,735

Total assets less current liabilities

1,212,136

Capital and reserves

Called up share capital

12,500

Share premium account

1,237,500

Profit and loss account

(37,864)

Shareholders' funds

1,212,136

For the financial Period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 August 2016

Mr J Ruskin

Director

Company Registration No. 09301514

COEX PARTNERS (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling 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 the transaction. All differences are taken to profit and loss account.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 7 November 2014

Additions

780,401

At 31 December 2015

780,401

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Coex Partners LLP

England

Ordinary

100.00

Coex Partners Inc

USA

Ordinary

100.00

COEX PARTNERS (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Coex Partners LLP

Broking

290,292

(558,604)

Coex Partners Inc

Broking

452,600

61,686

Creditors: amounts falling due within one year

Included within creditors is secured £750,000 loan notes issued by ED& F Man Financial Services Holdings Ltd. The loan notes were satisfied to the Lender on 09/02/2016.

Share capital

2015

Allotted, called up and fully paid

1,000,000 Ordinary A Shares of 1p each

10,000

250,000 Ordinary B Shares of 1p each

2,500

12,500

During the year 1,000,000 ordinary A shares of £0.01 each and 250,000 ordinary B shares of £0.01 were allotted and fully paid at par for cash consideration to provide additional working capital.

Ultimate parent company

The entity is controlled by Mayford Close Limited. There is no ultimate controlling party.