Abbreviated Company Accounts - EXXAN UK LIMITED

03738309 EXXAN UK LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03738309 2015-04-01 2016-03-31 03738309 2016-03-31 03738309 2015-03-31 03738309 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03738309 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03738309

EXXAN UK LIMITED

Abbreviated Accounts

31 March 2016

EXXAN UK LIMITED Registered Number 03738309

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	700,000	700,000
Investments	3	-	931,635
		700,000	1,631,635
Current assets
Debtors		-	1,000
Cash at bank and in hand		1,466,814	632,783
		1,466,814	633,783
Creditors: amounts falling due within one year		(525,910)	(472,980)
Net current assets (liabilities)		940,904	160,803
Total assets less current liabilities		1,640,904	1,792,438
Total net assets (liabilities)		1,640,904	1,792,438
Capital and reserves
Called up share capital	4	1,700	1,700
Profit and loss account		1,639,204	1,790,738
Shareholders' funds		1,640,904	1,792,438

For the year ending 31 March 2016 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 2 November 2016

And signed on their behalf by:
MR R N FOFARIA, Director

EXXAN UK LIMITED Registered Number 03738309

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015).

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
In accordance with FRSSE (effective April 2008) no provision is made for depreciation. This departure from the requirements of the Companies Act 2006, which require all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view. Depreciation is only one of the factors reflected in the annual valuation and the amount attributable to this factor is not capable of being separately identified or quantified.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%

2Tangible fixed assets

	£
Cost
At 1 April 2015	700,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	700,000
Depreciation
At 1 April 2015	0
Charge for the year	-
On disposals	-
At 31 March 2016	0
Net book values
At 31 March 2016	700,000
At 31 March 2015	700,000

3Fixed assets Investments
Disposal of shares in Tyerest Ltd a subsidiary company incorporated in England.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,700 Ordinary shares of £1 each	1,700	1,700