Bumpkin Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04248914 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2016 TO 31 DECEMBER 2017

FOR

BUMPKIN INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J A Troostwyk

REGISTERED OFFICE:

4th Floor Clerk'S Well House 20

Britton Street

London

EC1M 5UA

REGISTERED NUMBER:

04248914 (England and Wales)

ACCOUNTANTS:

ACT London Limited

32 Sackville Street

Mayfair

London

Greater London

W1S 3EA

FIXED ASSETS

Investments

3

441,500

472,500

CURRENT ASSETS

Debtors

4

1,000

3,889

CREDITORS

Amounts falling due within one year

5

599,613

612,566

NET CURRENT LIABILITIES

(598,613

)

(608,677

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(157,113

)

(136,177

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(158,113

)

(137,177

)

(157,113

)

(136,177

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 5 December 2018 and were signed by:

J A Troostwyk - Director

1.	STATUTORY INFORMATION

Bumpkin Investments 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Foreign currencies

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

the statement of financial position date. Transactions in foreign currencies and sterling 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.

Going concern

The accounts have been prepared on the going concern basis. At the balance sheet date the

company has net liabilities of €157,113 (2016: €136,177). The director is of the opinion that the

shareholder of the company will continue to support it, and provide adequate funding when necessary

to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve

months from the date of approval of financial statements.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 August 2016

472,500

Repaid

(31,000

)

At 31 December 2017

441,500

NET BOOK VALUE

At 31 December 2017

441,500

At 31 July 2016

472,500

The company owns 50% of the issued share capital of Sogeal SPA, a company Incorporated Italy.

Principal activity of Sogeal SPA is of in the hospitality sector, oprations of Hotel(S) in Italy.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.7.16

as

restated

€

€

Called up share capital not paid

1,000

1,000

Prepayments and accrued income

-

2,889

1,000

3,889

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.7.16

as

restated

€

€

Trade creditors

21,804

9,279

Amount owed to partcipating interest

-

31,000

Directors current account

-

13

Shareholders loan account

567,251

566,025

Accruals and deferred income

10,558

6,249

599,613

612,566

Shareholders will continue their support to the extent company continues to manage its going concern

status. The Shareholders loan bears no interest and is repayable on demand.

6.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken such as are required to be disclosed under FRS

102 1A other than those disclosed in note 6 of the financial statements.

7.	IMMEDIATE PARENT UNDERTAKING

The immediate parent companies are Mebo Holding Limited, a company incorporated in United

Kingdom and Italy Hotels and Suites Srl, a company incorporated in Italy.

8.	DEFERRED TAX

The company has management losses of £74,353 available to offset against future taxable profits. At

the balance sheet date, the company has unrecognised total deferred tax asset of £12,640 which

relates primarily to losses.