KARA FINANCIAL CONSULTING LIMITED

Berlin

Jahresabschluss zum Geschäftsjahr vom 01.01.2012 bis zum 31.12.2012

ABBREVIATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2012

Company No: 6396321

CONTENTS

	Abbreviated balance sheet
	Notes to the abbreviated accounts

ABBREVIATED BALANCE SHEET AS AT 31/12/2012

	Notes	2012		2011
		£	£	£	£
CALLED UP SHARE CAPITAL NOT PAID			0,00		0,00
FIXED ASSETS
Tangible Assets	2	8.373,43		8.778,03
Investments	3	670,13		691,20
			9.043,56		9.469,23
CURRENT ASSETS
Stocks		0,00		0,00
Debtors		195,71		204,29
Cash at bank and in hand		96,00		93,65
		291,71		297,94
PREPAYMENTS AND ACCRUED INCOME		109,53		102,67
CREDITORS
Amounts falling due within one year		-5.216,29		-5.153,47
NET CURRENT ASSETS			-4.815,06		-4.752,87
TOTAL ASSETS LESS CURRENT LIABILITIES			4.228,50		4.716,36
CREDITORS
Amounts falling due after more than one year			-23.393,28		-21.036,24
PROVISIONS FOR LIABILITIES AND CHARGES			-730,17		-669,44
NET ASSETS			-19.894,94		-16.989,32
CAPITAL AND RESERVES
Called up share capital	4		81,13		83,68
Loss previous year	5		-16.552,73		-14.353,84
Other reserves			0,00		0,00
Profit and loss account			-3.423,35		-2.719,16
Shareholders´ funds			-19.894,94		-16.989,32

For the year ending 31/12/2012 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 accounts for the year in question an 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 accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the board of directors on (date)

and

signed on their behalf by

Mr Helmuth Penz, DIRECTOR

NOTES TO THE ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31/12/2012

1. ACCOUNTING POLICIES

Basis of accounting

There have been no changes in accounting policies during the year. The accounts have been prepared under the historical cost convention and with the Financial Standard for Smaller Entities (FRSSE, effective April 2008).

The company has taken advantage of the exemptions in the Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Currency

The business of the company and its total transactions are conducted exclusively in the currency of European EURO. Therefore all relevant information available as at 31/12/2012 had to be translated into British £ applying the exchange rate circulated by the Bank of England regarding the accounting reference date. To the extent this report also includes accounts subject to reports filed with the Companies House of preceeding financial years this could lead to differences according to a change of exchange rates between the present and preceeding accounting reference dates. Where such differences occur they are explicitely shown in the report.

Turnover

Turnover comprises the value of sales excluding value added tax and trade discounts.

Tangible fixed assets and depreciation

Depreciation has been provided at the following rates in order to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful lives. The rates and methods relating to a whole calendar year generally applicable are:

Land and buildings

2,00 % reducing balance

2. TANGIBLE FIXED ASSETS

	Total
	£
Cost
At 31/12/2011	8.778,03
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	-267,49
	8.510,54
Acquisitions 2012	0,00
Disposals 2012	0,00
Transfers 2012	0,00
	0,00
Depreciation
At 31/12/2011	36,15
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	-1,10
	35,05
Charge for year 2012	137,11
Cumulated as at 31/12/2012	172,16
Net Book Value
At 31/12/2011	8.778,03
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	-267,49
	8.510,54
At 31/12/2012	8.373,43

3. INVESTMENTS

	Total
	£
Cost
At 31/12/2011	691,20
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	-21,06
	670,13
Acquisitions 2012	0,00
Disposals 2012	0,00
Transfers 2012	0,00
	0,00
Depreciation
At 31/12/2011	0,00
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	0,00
	0,00
Charge for year 2012	0,00
Cumulated as at 31/12/2012	0,00
Net Book Value
At 31/12/2011	691,20
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	-21,06
	670,13
At 31/12/2012	670,13

4. SHARE CAPITAL

	2012	2011
	£	£
Allotted, called up and fully paid
100 ordinary shares of € 1.00 each	81,13	83,68

5. LOSS PREVIOUS YEAR

	Total
	£
Cost
Loss at 31/12/2011	-17.073,00
Change in value due to different exchange rates
31/12/2011 - 31/12/2012	520,27
Loss Previous Year at 31/12/2012	-16.552,73

KARA Financial Consulting Limited