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EURODOMAIN LIMITED
REGISTERED NUMBER: 03784057
ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2015
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 16 September 2016.
The notes on pages 2 to 4 form part of these financial statements.
Page 1
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EURODOMAIN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of Freehold Property and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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Investments held as fixed assets are shown at cost less provision for impairment.
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In accordance with the requirements of the Financial Reporting Standard for Smaller Entities, investment properties owned by the company are stated at their open market value at the balance sheet date and any aggregate surplus or deficit is transferred to the revaulation reserve. The investment properties are not subjected to periodic charges for depreciation. The Companies Act 2006 would normally require such assets to be depreciated over their useful economic life. However, in the opinion of the directors this would not show a true and fair view of the value of the assets at the balance sheet date.
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Page 2
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EURODOMAIN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2.TANGIBLE FIXED ASSETS
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At 1 January 2015 and 31 December 2015
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3.FIXED ASSET INVESTMENTS
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At 1 January 2015 and 31 December 2015
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Subsidiary undertakings
The following were subsidiary undertakings of the company:
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Cabo de la Candelaria SL, Registered in Spain, Operations in Spain
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The aggregate of the share capital and reserves as at 31 December 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
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Aggregate of share capital and reserves
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Cabo de la Candelaria SL, Registered in Spain, Operations in Spain
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Page 3
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EURODOMAIN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
4.CREDITORS:
Amounts falling due within one year
ncluded in other creditors are directors' loans of £510,569 owing to P G Hancock and £510,045 owing to S C Hancock.
5.SHARE CAPITAL
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Allotted, called up and fully paid
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100 Capital shares of £1 each
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100 Voting shares of £0.01 each
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100 Income shares of £0.01 each
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Page 4
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