ENSCO 1416 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2022
Ensco 1416 Limited is a company limited by shares, incorporated in England and Wales. Its registered office is 5, The Courtyard, Timothy’s Bridge Road, Stratford-upon-Avon, Warwickshire, CV37 9NP. The principal activity of the Company is that of a holding company.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The presentational currency of the financial statements is sterling which is the functional currrency of the company and the financial statements are rounded to the nearest £. The financial information of the current period relates to the period ended 30 June 2022.
The following principal accounting policies have been applied:
The Company will be maintained as a dormant entity holding its investment.
The Company has significant net assets and no liabilities due at the year-end and therefore the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
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The Company has no employees other than the directors, who did not receive any remuneration.
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Investments in subsidiary companies
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