Abbreviated Company Accounts - SHEBA EXPLORATION LIMITED

Abbreviated Company Accounts - SHEBA EXPLORATION LIMITED

SHEBA EXPLORATION LIMITED - Company Information

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Registered Number 03512706

SHEBA EXPLORATION LIMITED

Abbreviated Accounts

28 February 2015

SHEBA EXPLORATION LIMITED Registered Number 03512706

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 274,943 301,632
Investments - -
274,943 301,632
Current assets
Stocks - -
Debtors 342,897 126,302
Investments - -
Cash at bank and in hand 37,875 220,383
380,772 346,685
Prepayments and accrued income - -
Creditors: amounts falling due within one year (316,707) (3,888,724)
Net current assets (liabilities) 64,065 (3,542,039)
Total assets less current liabilities 339,008 (3,240,407)
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) 339,008 (3,240,407)
Capital and reserves
Called up share capital 4,000 4,000
Share premium account 88,448 88,448
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 246,560 (3,332,855)
Shareholders' funds 339,008 (3,240,407)
  • 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 15 January 2016

And signed on their behalf by:
Pierre Louw, Director
Josef El-Raghy, Director

SHEBA EXPLORATION LIMITED Registered Number 03512706

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

2Tangible fixed assets
£
Cost
At 1 March 2014 346,604
Additions 7,650
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2015 354,254
Depreciation
At 1 March 2014 44,972
Charge for the year 34,339
On disposals 0
At 28 February 2015 79,311
Net book values
At 28 February 2015 274,943
At 28 February 2014 301,632