Spirea Limited - Period Ending 2016-10-31

Registration number: 09817891

Spirea Limited

Annual Report and Unaudited Accounts

for the Period from 9 October 2015 to 31 October 2016

 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Spirea Limited
Balance Sheet as at 31 October 2016

		Note			31 October 2016 £
Fixed assets
Intangible fixed assets		2			12,176
Current assets
Debtors					20
Cash at bank and in hand					428
					448
Creditors: Amounts falling due within one year					(14,015)
Net current liabilities					(13,567)
Net liabilities					(1,391)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(1,491)
Shareholders' deficit					(1,391)

For the year ending 31 October 2016 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

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.

Approved by the director on 6 July 2017

M M Ouberai
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Spirea Limited
Notes to the financial statements for the Period from 9 October 2015 to 31 October 2016
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the period.

Patents

The patent costs relate to enabling technology used to develop therapeutics which is currently being brought to the market. Amortisation will start when sales commence and charged over the sales life of the product. Full amortisation will be charged if a product does not go into production.

2	Intangible fixed assets

		Patents £			Total £
Cost
Additions		12,176			12,176
At 31 October 2016		12,176			12,176
Amortisation
At 31 October 2016		-			-
Net book value
At 31 October 2016		12,176			12,176

3	Share capital

Allotted, called up and fully paid shares

	31 October 2016
		No.			£
Ordinary shares of £0.10 each		1,000			100

New shares allotted

During the period 1,000 Ordinary £0.10 shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

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