ADAMO_ENERGY_(UK)_LIMITED - Accounts

ADAMO ENERGY (UK) LIMITED - Company Information

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Company Registration No. 06252743 (England and Wales)

ADAMO ENERGY (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

ADAMO ENERGY (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ADAMO ENERGY (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

2,138,456

Current assets

Debtors

40,217

58,682

Cash at bank and in hand

413

1,909

40,630

60,591

Creditors: amounts falling due within one year

(278,226)

(298,305)

Net current liabilities

(237,596)

(237,714)

Total assets less current liabilities

1,900,860

1,900,742

Creditors: amounts falling due after more than one year

103

(2,125,804)

1,900,963

(225,062)

Capital and reserves

Called up share capital

2,125,000

1,000

Profit and loss account

(224,037)

(226,062)

Shareholders' funds

1,900,963

(225,062)

For the financial Period ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 December 2017

Mr G Williams

Director

Company Registration No. 06252743

ADAMO ENERGY (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Total intangible assets

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Fixed assets

Intangible assets

Cost

At 1 July 2015 & at 31 December 2016

2,138,456

At 30 June 2015

2,138,456

Share capital

2016

2015

Allotted, called up and fully paid

2,125,000 Ordinary shares of £1 each

2,125,000

1,000

On 21 January 2016 Eden Energy Limited converted its loan totalling £2,124,000 into ordinary shares. 2,124,000 ordinary shares were issued at par.

On 24 February 2016, 2,125.000 shares were acquired by UK Onshore Gas Limited.