Abbreviated Company Accounts - CONTINENTAL SHELF 128 LIMITED

CONTINENTAL SHELF 128 LIMITED - Company Information

03379669 CONTINENTAL SHELF 128 LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 03379669 2014-07-01 2015-06-30 03379669 2015-06-30 03379669 2014-06-30 03379669 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 03379669 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 03379669

CONTINENTAL SHELF 128 LIMITED

Abbreviated Accounts

30 June 2015

CONTINENTAL SHELF 128 LIMITED Registered Number 03379669

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	4,403,734	4,816,584
Tangible assets	3	4,919,000	4,978,000
Investments	4	662,754	662,754
		9,985,488	10,457,338
Current assets
Debtors		99,515	102,402
Cash at bank and in hand		24,913	22,632
		124,428	125,034
Creditors: amounts falling due within one year	5	(674,509)	(688,345)
Net current assets (liabilities)		(550,081)	(563,311)
Total assets less current liabilities		9,435,407	9,894,027
Creditors: amounts falling due after more than one year	5	(7,886,600)	(8,074,685)
Accruals and deferred income		(134,475)	(135,075)
Total net assets (liabilities)		1,414,332	1,684,267
Capital and reserves
Called up share capital	6	5,000	5,000
Revaluation reserve		3,015,481	3,015,481
Profit and loss account		(1,606,149)	(1,336,214)
Shareholders' funds		1,414,332	1,684,267

For the year ending 30 June 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 7 October 2015

And signed on their behalf by:
K Ahmed, Director

CONTINENTAL SHELF 128 LIMITED Registered Number 03379669

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the aggregate of amounts receivable from the provision of Royalty and consultancy services provided excluding value added tax.

Tangible assets depreciation policy
Land and buildings are depreciated at a rate of 2% of book value on straight line basis. No depreciation is provided on investment properties as directors are of the opinion that the market value is not less than the book value.

Intangible assets amortisation policy
Intangible assets are depreciated over a period a 20 years on straight line basis.

2Intangible fixed assets

	£
Cost
At 1 July 2014	8,257,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	8,257,000
Amortisation
At 1 July 2014	3,440,416
Charge for the year	412,850
On disposals	-
At 30 June 2015	3,853,266
Net book values
At 30 June 2015	4,403,734
At 30 June 2014	4,816,584

3Tangible fixed assets

	£
Cost
At 1 July 2014	5,450,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	5,450,000
Depreciation
At 1 July 2014	472,000
Charge for the year	59,000
On disposals	-
At 30 June 2015	531,000
Net book values
At 30 June 2015	4,919,000
At 30 June 2014	4,978,000

4Fixed assets Investments
The company has invested in unquoted companies

5Creditors

	2015 £	2014 £
Secured Debts	2,046,382	2,395,196

6Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5,000 Ordinary shares of £1 each	5,000	5,000