Agape Investimenti Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07075954 (England and Wales)

AGAPE INVESTIMENTI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Jean-Sebastien Decaux

Registered office:

15 Appold St

London

EC2A 2HB

Registered number:

07075954 (England and Wales)

Fixed assets

Tangible assets

4

829,787

1,136,547

Current assets

Debtors

5

18,201

14,751

Cash at bank and in hand

21,232

32,862

39,433

47,613

Creditors

Amounts falling due within one year

6

13,347,595

11,949,295

Net current liabilities

(13,308,162

)

(11,901,682

)

Total assets less current liabilities

(12,478,375

)

(10,765,135

)

Capital and reserves

Called up share capital

8

1

1

Retained earnings

9

(12,478,376

)

(10,765,136

)

Shareholders' funds

(12,478,375

)

(10,765,135

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 March 2018 and were signed by:

Jean-Sebastien Decaux - Director

1.	Statutory information

Agape Investimenti Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Set out below is a summary of the principal accounting policies, all of which have been applied consistently

(except as otherwise stated).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 10 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

After making enquiries, the director has a reasonable expectation that the company has adequate resources to

continue in operational existence for the foreseeable future. For this reason, he continues to adopt the going

concern basis in preparing the financial statements.

Financial instruments

Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of

the financial instrument. The company has chosen to apply the provisions of Section 11 Basic Financial

Instruments and Section 12 Other Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid

investments with original maturities of three months or less.

(ii) Trade and other receivables.

Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and

subsequently measured at amortised cost including the effective interest method, less any provision for

impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash

expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an

receivable amount may be impaired. A provision for impairment is established when there is objective evidence

that the Company will not be able to collect all amounts due according to the original terms of the receivables.

The amount of the provision is the difference between the asset's carrying amount and the present value of the

estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised

immediately in profit or loss.

3.	Employees and directors

The average number of employees during the year was 2 .

4.	Tangible fixed assets

Plant and

machinery

etc

€

Cost

At 1 December 2016

and 30 November 2017

3,067,600

Depreciation

At 1 December 2016

1,931,053

Charge for year

306,760

At 30 November 2017

2,237,813

Net book value

At 30 November 2017

829,787

At 30 November 2016

1,136,547

5.

Debtors: amounts falling due within one year

2017

2016

€

€

Other debtors

18,201

14,751

6.

Creditors: amounts falling due within one year

2017

2016

€

€

Other creditors

13,347,595

11,949,295

7.

Loans

An analysis of the maturity of loans is given below:

2017

2016

€

€

Amounts falling due within one year or on demand:

Other loans

2,500,000

2,500,000

8.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

2017

2016

value:

€

€

1

Share capital 1

1.00

1

1

9.

Reserves

Retained

earnings

€

At 1 December 2016

(10,765,136

)

Deficit for the year

(1,713,240

)

At 30 November 2017

(12,478,376

)

10.	Director's advances, credits and guarantees

At the balance sheet date Jean-Sebastien Decaux was owed €13,344,095 (2016 - €11,944,095), there are no

fixed terms for repayment and the loans are interest free.

11.	Ultimate controlling party

The ultimate controlling party is Jean-Sebastien Decaux.

M. Jean-Sebastien Decaux has confirmed that he will provide continuing support for the company for the

foreseeable future.