Registered Number 06464437
LOW NEW BIGGIN OIL LIMITED
Abbreviated Accounts
31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Low New Biggin Oil Limited (the "Company") was incorporated in England and Wales under the Companies Act 1985. The Company's principal business activity is the acquisition and exploration of natural resource properties.
SIGNIFICANT ACCOUNTING POLICIES
These financial statements have been prepared in accordance with accounting principles generally accepted in Canada and reflect the following significant accounting policies:
a) Exploration costs
All exploration costs are being deferred until the properties are brought into production, sold or abandoned.
The name of the Company's parent company is 548229 Alberta Ltd., incorported in Alberta, Canada.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 820,996 |
At 31 January 2014 | 820,996 |