Registered Number 03755144
AIRTIME CENTRAL LIMITED
Abbreviated Accounts
31 December 2014
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Fixed assets | |||
Investments | 2 |
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Current assets | |||
Cash at bank and in hand |
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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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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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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
Fixed asset investments are stated at cost less provision for diminution in value.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets Investments
At 1 January 2014 - £516,206
Revaluation of subsidiary loan -(£ 51,664)
At 31 December 2014 - £464,542
At 1 January 2014 - £ Nil
Permanent diminution in value - (£ 17,009)
Subsidiary loan written off - (£ 447,533)
At 31 December 2014 - (£464,542)
Net Book Value
At 31 December 2014 - £ Nil
At 31 December 2013 - £516,206
Holdings of more than 20%
The company holds more than 20% of the share capital of the following company:
Company/Subsidiary undertakings - Sibavia Tours Gmbh
Country of registration or incorporation - Germany
Class - Ordinary share
Shares held in percentage - 100%
The aggregate amount of cpaital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Sibavia Tours Gmbh
Principal activity - Provision of travel agency business
Capital and reserves 2014 - £ nIl
Profit/(loss) for the year 2014 - £ nil
The subsidiary was liquidated on 20th January 2015.