Abbreviated Company Accounts - BETABLE LIMITED

Abbreviated Company Accounts - BETABLE LIMITED


Registered Number 07080629

BETABLE LIMITED

Abbreviated Accounts

30 December 2013

BETABLE LIMITED Registered Number 07080629

Abbreviated Balance Sheet as at 30 December 2013

Notes 30/12/2013 30/11/2012
£ £
Fixed assets
Tangible assets 2 - 1,385
- 1,385
Current assets
Debtors - 47
Cash at bank and in hand 449,861 10,074
449,861 10,121
Creditors: amounts falling due within one year (1,897,003) (484,134)
Net current assets (liabilities) (1,447,142) (474,013)
Total assets less current liabilities (1,447,142) (472,628)
Total net assets (liabilities) (1,447,142) (472,628)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (1,447,143) (472,629)
Shareholders' funds (1,447,142) (472,628)
  • For the year ending 30 December 2013 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 3 December 2014

And signed on their behalf by:
C E Griffin, Director

BETABLE LIMITED Registered Number 07080629

Notes to the Abbreviated Accounts for the period ended 30 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 April 2008).

Turnover policy
Turnover comprises revenue recognised by the company in respect of services supplied during the period.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Other fixed assets - 20% straight line

Other accounting policies
Going concern
The parent company, Collisse Group Limited, will continue supporting the company to meet its working capital requirement and obligations. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

2Tangible fixed assets
£
Cost
At 1 December 2012 3,463
Additions -
Disposals (3,463)
Revaluations -
Transfers -
At 30 December 2013 0
Depreciation
At 1 December 2012 2,078
Charge for the year 1,385
On disposals (3,463)
At 30 December 2013 0
Net book values
At 30 December 2013 0
At 30 November 2012 1,385
3Called Up Share Capital
Allotted, called up and fully paid:
30/12/2013
£
30/11/2012
£
1 Ordinary share of £1 each 1 1

The immediate parent company and controlling party is Collisse Group Limited, a company incorporated in British Virgin Islands. Rubicon Media LLC is the ultimate parent company and is incorporated in the USA.