2 Last Real Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07986392 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 December 2015

for

2 Last Real Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Ulrich

SECRETARY:

REGISTERED OFFICE:

Second Floor

4-5 Gough Square

London

EC4A 3DE

REGISTERED NUMBER:

07986392 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

Second Floor

4-5 Gough Square

London

EC4A 3DE

FIXED ASSETS

Investments

2

535,038

-

Investment property

3

1,197,615

1,732,653

1,197,615

CURRENT ASSETS

Debtors

214

180

CREDITORS

Amounts falling due within one year

(1,285

)

(1,150

)

NET CURRENT LIABILITIES

(1,071

)

(970

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,582

1,196,645

CREDITORS

Amounts falling due after more than one
year

4

(1,747,320

)

(1,214,646

)

NET LIABILITIES

(15,738

)

(18,001

)

CAPITAL AND RESERVES

Called up share capital

5

11,961

Profit and loss account

(27,699

)

(29,962

)

SHAREHOLDERS' FUNDS

(15,738

)

(18,001

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 29 September 2016 and were signed by:

M Ulrich - 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The directors have obtained undertakings

from the company's shareholders that they will continue to support the company for the foreseeable future and

meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to

adopt a going concern basis in preparing the financial statements.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	FIXED ASSET INVESTMENTS

Loans

€

Additions

535,038

At 31 December 2015

535,038

3.	INVESTMENT PROPERTY

Total

€

COST

At 1 January 2015

and 31 December 2015

1,197,615

NET BOOK VALUE

At 31 December 2015

1,197,615

At 31 December 2014

1,197,615

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

€

Repayable otherwise than by instalments

1,747,320

1,214,646

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

€

10,000

Ordinary

£1.00

11,961