Registered Number 03513391
ANCHORLIGHT LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
INVESTMENTS
Investments held as fixed assets are shown at cost less provision for impairment.
GOING CONCERN
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.
FOREIGN CURRENCY TRANSLATION
Functional and presentation currency
The company's functional currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
2
Fixed assets Investments
The company granted loans to SCI Les Roches De L'Eperon amounting to €234,200. The loans are interest-free, unsecured and do not have fixed date of repayment.
ASSOCIATES
Name Class of shares Holding Prinicpal acitivity
SCI Les Roches De L'Eperon - France Ordinary 49.38'% Trading in real estates
Contingent liability
A contingent liability exists with respect to the loan to SCI Les Roches De L'Esperon. Due to the losses made by the associate, it is possible that the loan will not be recoverable.