Validus Energy Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC392929 (Scotland)

Validus Energy Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Davidson

SECRETARY:

Mrs L Lyons

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

EH3 6AT

REGISTERED NUMBER:

SC392929 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

EH3 6AT

BANKERS:

The Royal Bank of Scotland

239 St John's Road

Edinburgh

EH12 7XA

CURRENT ASSETS

Debtors

1,113

1,113

Cash at bank

10

35

1,123

1,148

CREDITORS

Amounts falling due within one year

11,327

8,035

NET CURRENT LIABILITIES

(10,204

)

(6,887

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,204

)

(6,887

)

CAPITAL AND RESERVES

Called up share capital

2

1,000

1,000

Profit and loss account

(11,204

)

(7,887

)

SHAREHOLDERS' FUNDS

(10,204

)

(6,887

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 December 2015 and were signed by:

G Davidson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

3.	GOING CONCERN

The financial statements have been prepared on the going concern principle, which assumes that

the company will continue to trade in the foreseeable future. In order to do so the company will

require the continued support of its director and related undertakings. The director will continue to

support the company for the foreseeable future.