Registered Number 08447330
MBK IP UK LIMITED
Abbreviated Accounts
31 December 2014
Notes | 2014 | 2013 | |
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$ | $ | ||
Fixed assets | |||
Intangible assets | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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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 | 3 |
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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
These financial statements have been prepared under the going concern concept as the shareholder has agreed to provide adequate funds to enable the company to meet its liabilities as they fall due.
Intangible assets amortisation policy
Other accounting policies
Assets, liabilities, revenues and costs expressed in foreign currencies are translated into US Dollars at rates of exchange ruling on the date on which transactions occur, except for:
(i) monetary assets and liabilities which are translated at the rate ruling at the balance sheet date (other than those in (ii) below); and
(ii) transactions to be settled at a contracted rate and trading transactions covered by a related or matching forward contract which are translated at those contracted rates.
Differences arising on the translation of such items are dealt with in the profit and loss account.
$ | |
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Cost | |
At 1 January 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 December 2014 |
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Amortisation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 155,022 |
At 31 December 2013 | 58,034 |