PHILMONT PROPERTIES UK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
Company Registration No. 05849960 (England and Wales)
PHILMONT PROPERTIES UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
PHILMONT PROPERTIES UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
Fixed assets
Investments
2
-
50,345
Current assets
Debtors
7,992,762
440,630
Investments
-
6,690,035
Cash at bank and in hand
12,061
237,152
8,004,823
7,367,817
Creditors: amounts falling due within one year
(7,959,393)
(7,609,941)
Net current assets/(liabilities)
45,430
(242,124)
Total assets less current liabilities
45,430
(191,779)
Capital and reserves
Called up share capital
3
1,485
1,485
Profit and loss account
43,945
(193,264)
Shareholders'  funds
45,430
(191,779)
For the financial year ended 31 December 2014 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 30 October 2015
Valdir Managers Limited
Director
Company Registration No. 05849960
PHILMONT PROPERTIES UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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 April 2008).

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
Turnover

Turnover represents consultancy income and interest receivable. consultancy income and interest receivable.

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 2014
50,345
Disposals
(50,345)
At 31 December 2014
-
At 31 December 2013
50,345
3
Share capital
2014
2013
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,485
1,485
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