AGRODIS_FINANCE_LIMITED

AGRODIS FINANCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

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2014

2013

Notes

Fixed assets

Investments

543

Current assets

Cash at bank and in hand

2,126

1,498

Creditors: amounts falling due within one year

(8,364)

(7,290)

Net current liabilities

(6,238)

(5,792)

Total assets less current liabilities

(5,695)

(5,249)

Capital and reserves

Called up share capital

100

Profit and loss account

(5,795)

(5,349)

Shareholders' funds

(5,695)

(5,249)

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 5 November 2014

G N C Olivier

Director

Company Registration No. 04655945

AGRODIS FINANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

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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 April 2008).

The financial statements have been prepared on the going concern basis although the Balance Sheet shows that the company is insolvent. The shareholders have confirmed their support via the continuation of there loan accounts with the company and not seeking to call upon the same.

1.2

Turnover

Turnover represents amounts receivable for goods and services net trade discounts.

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.

Fixed assets

Investments

Cost

At 1 March 2013 & at 28 February 2014

543

At 28 February 2013

543

At 28 February 2014, the company holds 5% of SCI Les Berges du Wouri, a company registered in Cameroun. SCI Les Berges du Wouri has an allotted share capital of 100 shares, each of the equivalent of £5.12 at 28 February 2014.The company deals with town and country planning, development studies, property management and associated.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100