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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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Hopeteam Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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Hopeteam Limited |
Hopeteam Limited (Registered number: 04344201) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Hopeteam Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Fitzroy Place |
Sauchiehall Street |
Glasgow |
Lanarkshire |
G3 7RH |
Hopeteam Limited (Registered number: 04344201) |
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Balance Sheet |
31 December 2017 |
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2017 | 2016 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
Hopeteam Limited (Registered number: 04344201) |
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Balance Sheet - continued |
31 December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Hopeteam Limited (Registered number: 04344201) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Hopeteam Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
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Group financial statements |
The financial statements present information about the company as an individual undertaking and not |
about its group. In the directors' opinion the company can take advantage of the exemptions relating to |
small sized groups, provided by section 398 of the Companies Act 2006, not to prepare group |
accounts. |
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Going concern |
The financial statements have been prepared on a going concern basis subject to the continuing |
support of the creditors. |
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Investments |
The investments are stated at cost. No consolidated financial statements have been prepared as to do |
so would cause undue cost and delay and would be of no material value to the members of the |
company. |
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3. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
2017 | 2016 |
€ | € |
Investment 58% F. Finanziaria | 290,000 | 290,000 |
Loan Franco Finanziaria | 7,439,439 | 7,439,439 |
Investment 59.7% Merinvest | 5,096,800 | 5,096,800 |
12,826,239 | 12,826,239 |
Hopeteam Limited (Registered number: 04344201) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
€ | € |
Shareholders' loan | 23,363 | 23,363 |
Accruals and deferred income |
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The Shareholders' loan is unsecured, interest-free and the repayment date is unspecified. |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2017 | 2016 |
€ | € |
Loan from Wacker Investments |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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