Abbreviated Company Accounts - TERRA RESOURCE INVESTMENT LIMITED

TERRA RESOURCE INVESTMENT LIMITED - Company Information

07526899 TERRA RESOURCE INVESTMENT LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 07526899 2014-03-01 2015-02-28 07526899 2015-02-28 07526899 2014-02-28 07526899 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 07526899 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2014-02-28 iso4217:GBP shares

Registered Number 07526899

TERRA RESOURCE INVESTMENT LIMITED

Abbreviated Accounts

28 February 2015

TERRA RESOURCE INVESTMENT LIMITED Registered Number 07526899

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	343	404
		343	404
Current assets
Debtors		1,955	32,944
Cash at bank and in hand		853	23,401
		2,808	56,345
Creditors: amounts falling due within one year		(4,070)	(36,625)
Net current assets (liabilities)		(1,262)	19,720
Total assets less current liabilities		(919)	20,124
Provisions for liabilities		(67)	(81)
Total net assets (liabilities)		(986)	20,043
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(1,086)	19,943
Shareholders' funds		(986)	20,043

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The 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 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 on 26 November 2015

And signed on their behalf by:
P G Mathers, Director
A J Walker, Director

TERRA RESOURCE INVESTMENT LIMITED Registered Number 07526899

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 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).

Turnover policy
Turnover represents amounts receivable for goods and services provided during the year, net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2014	658
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	658
Depreciation
At 1 March 2014	254
Charge for the year	61
On disposals	-
At 28 February 2015	315
Net book values
At 28 February 2015	343
At 28 February 2014	404

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
50 Ordinary shares of £1 each	50	50
50 A Ordinary shares of £1 each	50	50