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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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SCORPION OCEANICS (CAMBRIDGE) LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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SCORPION OCEANICS (CAMBRIDGE) LTD |
SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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SCORPION OCEANICS (CAMBRIDGE) LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
10 Jesus Lane |
Cambridge |
Cambridgeshire |
CB5 8BA |
SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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BALANCE SHEET - continued |
31 DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the director on
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SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Scorpion Oceanics (Cambridge) Ltd is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Scorpion Oceanics (Cambridge) Ltd as an individual |
company and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover represents the net invoiced sale of management fees excluding value added tax. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors | ( |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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The company charged £299,340 (2015: £435,393 ) in relation to management fees to a company in which |
Scorpion Oceanics (Cambridge) Ltd holds a participating interest. The balance within other debtors at the |
balance sheet date, due in less than on year is £793,128 (£938,788). |
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Shown within amounts due from group undertakings within creditors is a balance of £941,077 (2015: £709,224) |
due on a intercompany account from a company in which Scorpion Oceanics (Cambridge) Ltd holds a |
participating interest. |
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8. | FIRST YEAR ADOPTION |
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The transition to FRS 102 has not resulted in any changes to the recognition, measurement or presentation of |
assets or liabilities in respect of opening net assets or the comparative balance sheet at 31st December 2015 or |
the classification and presentation of income and expenditure as reported.The profit reported for the year ended |
31st December 2015 therefore remains unchanged. |
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