Castle Hill Energy Limited - Period Ending 2016-03-31

Registration number: 06292228

Castle Hill Energy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Castle Hill Energy Limited
Contents

Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Castle Hill Energy Limited
(Registration number: 06292228)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					474,444			383,207
		2			474,444			383,207
Current assets
Debtors					30,320			84,776
Cash at bank and in hand					12,918			8,615
					43,238			93,391
Creditors: Amounts falling due within one year					(318,021)			(305,095)
Net current liabilities					(274,783)			(211,704)
Net assets					199,661			171,503
Capital and reserves
Called up share capital		3			200,001			200,001
Profit and loss account					(340)			(28,498)
Shareholders' funds					199,661			171,503

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 director acknowledges her 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 director on 1 December 2016

The Countess of Arran Director

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Castle Hill Energy Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20 years Straight Line

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		391,360			391,360
Additions		116,634			116,634
At 31 March 2016		507,994			507,994
Depreciation
At 1 April 2015		8,153			8,153
Charge for the year		25,397			25,397
At 31 March 2016		33,550			33,550
Net book value
At 31 March 2016		474,444			474,444
At 31 March 2015		383,207			383,207

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		200,001			200,001			200,001			200,001

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