Abbreviated Company Accounts - JV CAPITAL LIMITED

JV CAPITAL LIMITED - Company Information

06238287 JV CAPITAL LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 06238287 2015-06-01 2016-05-31 06238287 2016-05-31 06238287 2015-05-31 06238287 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 06238287 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 06238287

JV CAPITAL LIMITED

Abbreviated Accounts

31 May 2016

JV CAPITAL LIMITED Registered Number 06238287

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Investments	2	1,162,351	1,162,351
		1,162,351	1,162,351
Current assets
Cash at bank and in hand		1,576	2,096
		1,576	2,096
Creditors: amounts falling due within one year		(40,000)	(10,000)
Net current assets (liabilities)		(38,424)	(7,904)
Total assets less current liabilities		1,123,927	1,154,447
Total net assets (liabilities)		1,123,927	1,154,447
Capital and reserves
Called up share capital	3	472	472
Share premium account		1,411,881	1,411,881
Profit and loss account		(288,426)	(257,906)
Shareholders' funds		1,123,927	1,154,447

For the year ending 31 May 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 17 October 2017

And signed on their behalf by:
Vilhjalmur Thor Vilhjalmsson, Director

JV CAPITAL LIMITED Registered Number 06238287

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Revenue shown in the Profit and loss statement represents amounts receivable during the year in the normal course of business and includes amounts received from an Joint Venture partner under an earn in agreement for an equity stake in one of its subsidiaries.

2Fixed assets Investments
Investment in subsidiaries
Company Country of registration Holding Held Nature of business

North Atlantic Mining
Associates Ltd England Ord.Shares 50,12% Mining Service company

Iceland Resources ehf Iceland Ord.Shares 100% Mining exploration company

JV Capital ehf Iceland Ord Shares 100% Investment/construction

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
472 Ordinary shares of £1 each	472	472