ACCOUNTS - Final Accounts preparation

CORSAIR PETROLEUM (SOUTHERN NORTH SEA) LIMITED - Company Information

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Registered number: 05192984

CORSAIR PETROLEUM (SOUTHERN NORTH SEA) LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

HEDLEY DUNK LIMITED

Chartered Accountants

Trinity House

3 Bullace Lane

Dartford

Kent

DA1 1BB

CORSAIR PETROLEUM (SOUTHERN NORTH SEA) LIMITED

REGISTERED NUMBER: 05192984

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2015

2015

2014

	Note	£	£	£	£
FIXED ASSETS
Intangible assets	2		110,607		110,607

CURRENT ASSETS
Debtors	28,774		28,755
Cash at bank	8		24

	28,782		28,779
CREDITORS: amounts falling due within one year	(12,866)		(12,863)
NET CURRENT ASSETS		15,916		15,916

TOTAL ASSETS LESS CURRENT LIABILITIES

126,523

CREDITORS: amounts falling due after more than one year			(140,173)		(140,173)
NET LIABILITIES			(13,650)		(13,650)

CAPITAL AND RESERVES
Called up share capital	3	1	1
Profit and loss account		(13,651)	(13,651)

SHAREHOLDERS' DEFICIT

(13,650)

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CORSAIR PETROLEUM (SOUTHERN NORTH SEA) LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 MARCH 2015

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year, in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:

................................................

S G Gorringe

Director

Date: 16 October 2015

The notes on page 3 form part of these financial statements.

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CORSAIR PETROLEUM (SOUTHERN NORTH SEA) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Intangible fixed assets and amortisation
		All fixed assets are initially recorded at cost. No amortisation has been charged to date on expenditure on UKCS Licences.

2.INTANGIBLE FIXED ASSETS

		£
	Cost
	At 1 April 2014 and 31 March 2015	110,607

	Net book value
	At 31 March 2015	110,607
	At 31 March 2014	110,607

3.SHARE CAPITAL

	2015	2014
	£	£
Allotted, called up and fully paid

1 Ordinary shares share of £1	1	1

4.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The ultimate parent company is Corsair Petroleum (Holdings) Limited, a company incorporated in the United Kingdom.

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