Company Registration No. 08475067 (England and Wales)
AFRICAN LION AGRICULTURE (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
AFRICAN LION AGRICULTURE (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AFRICAN LION AGRICULTURE (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
588,142
37
Current assets
Creditors: amounts falling due within one year
(21,006)
(20,048)
Net current liabilities
(21,006)
(20,048)
Total assets less current liabilities
567,136
(20,011)
Capital and reserves
Called up share capital
3
500
500
Share premium account
588,103
-
Profit and loss account
(21,467)
(20,511)
Shareholders' funds
567,136
(20,011)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 October 2016
Mr S G De Borchgrave
Director
Company Registration No. 08475067
AFRICAN LION AGRICULTURE (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
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.
2
Fixed assets
Investments
£
Cost
At 1 January 2015
39
Additions
588,103
At 31 December 2015
588,142
At 31 December 2014
37
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
African Lion Agriculture Limited
Sierra Leone
Ordinary
100.00
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
500 Ordinary of £1 each
500
500