Abbreviated Company Accounts - SKIBO SOLAR LIMITED

SKIBO SOLAR LIMITED - Company Information

08460517 SKIBO SOLAR LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08460517 2015-04-01 2016-03-31 08460517 2016-03-31 08460517 2015-03-31 08460517 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08460517 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 08460517

SKIBO SOLAR LIMITED

Abbreviated Accounts

31 March 2016

SKIBO SOLAR LIMITED Registered Number 08460517

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	-	-
Investments	4	1,127,526	1,091,209
		1,127,526	1,091,209
Current assets
Stocks		-	-
Debtors	5	2,634,984	2,501,285
Investments		-	-
Cash at bank and in hand		-	114,110
		2,634,984	2,615,395
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	6	(227,314)	(244,996)
Net current assets (liabilities)		2,407,670	2,370,399
Total assets less current liabilities		3,535,196	3,461,608
Creditors: amounts falling due after more than one year	6	(3,499,900)	(3,499,900)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		35,296	(38,292)
Capital and reserves
Called up share capital	7	100	100
Share premium account		0	0
Revaluation reserve		209,516	91,103
Profit and loss account		(174,320)	(129,495)
Shareholders' funds		35,296	(38,292)

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 31 December 2016

And signed on their behalf by:
Daniel Wells, Director

SKIBO SOLAR LIMITED Registered Number 08460517

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements have also been prepared in accordance with the applicable accounting standards in the United Kingdom (United Kingdom Generally Accepted Accounting Practice) which have been applied consistently (except as otherwise stated).

The financial statements have been prepared on a going concern basis.

Turnover policy
Other income such as interest receivable on loan notes is included on an accruals basis.

Valuation information and policy
Investments held by the Company have been valued in accordance with the International Private Equity and Venture Capital (IPEVC) valuation guidelines (December 2015) developed by the British Venture Capital Association and other organisations. Through these guidelines, investments are valued as defined at ‘fair value’. Ordinarily, unquoted investments will be valued at cost for a limited period following the date of acquisition, being the most suitable approximation of fair value unless there is an impairment or significant accretion in value during the period.

2Intangible fixed assets

	£
Cost
At 1 April 2015	0
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2016	0
Amortisation
At 1 April 2015	0
Charge for the year	0
On disposals	0
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	0

3Tangible fixed assets

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

4Fixed assets Investments
Valuation

Book cost at 1 April 2015 (restated) 1,277,797

Investment holding losses at 1 April 2015 (restated) (186,588)

Valuation at 1 April 2015 (restated) 1,091,209

Investment holding losses (5,352)

Foreign exchange gains 41,669

Valuation at 31 March 2016 1,127,526

Book cost at 31 March 2016 1,319,466

Investment holding losses (191,940)

Valuation at 31 March 2016 1,127,526

5Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	2,634,984	2,501,285

6Creditors

	2016 £	2015 £
Secured Debts	227,314	244,996

7Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 Ordinary shares of £0.01 each	100	100