REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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FOR |
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SCORPION OCEANICS (CAMBRIDGE) LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2014 |
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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 ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
SCORPION OCEANICS (CAMBRIDGE) LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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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 |
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SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2014 |
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2014 | 2013 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
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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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2014 |
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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 ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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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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Fixed asset investments |
The Company's investments are measured on a historical cost basis and reviewed annually for impairment. |
Where impairment exists, the Company's investments are written down to their recoverable amount. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2014 |
and 31 December 2014 | 2,101,306 |
NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Associated company |
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Nature of business:
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Class of shares: | holding |
Ordinary | 33.33 |
Ordinary C | 100.00 |
2014 | 2013 |
£ | £ |
Aggregate capital and reserves | 2,777,768 | 2,518,478 |
Profit for the year/period | 669,300 | 1,078,539 |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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SCORPION OCEANICS (CAMBRIDGE) LTD (REGISTERED NUMBER: 08480742) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2014 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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2014 | 2013 |
£ | £ |
Repayable otherwise than by instalments | - | 219,000 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 31 December 2014 and the |
period ended 31 December 2013: |
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2014 | 2013 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Balance outstanding at end of year |
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During the year unsecured advances were made to the director; these advances were repayable on demand. |
Interest of £6,953 (2013: £nil) has been charged on these advances at a rate of 4% and 3.25% to the financial |
statements at the beneficial loan rates in existence during the year. |