DELTAGEM LIMITED
|
Registered number: |
04316767
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
US$ |
US$ |
Fixed assets |
Investments |
2 |
|
|
859,134 |
|
|
859,134 |
|
Creditors: amounts falling due within one year |
|
|
(107,503) |
|
|
(100,814) |
|
Net current liabilities |
|
|
|
(107,503) |
|
|
(100,814) |
|
Net assets |
|
|
|
751,631 |
|
|
758,320 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
1,414 |
|
|
1,414 |
Profit and loss account |
|
|
|
750,217 |
|
|
756,906 |
|
Shareholder's funds |
|
|
|
751,631 |
|
|
758,320 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr S J Rowley |
Director |
Approved by the board on 5 September 2016
|
|
DELTAGEM LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Going Concern |
|
The accounts have been prepared on a going concern basis even though this basis may not be appropriate as the company had no income and made a loss in the year. However the director believes that the company will continue its operating existence in the foreseeable future and it will be able to meet its financial obligations as the director and the shareholder have pledged to continue to provide working capital to the company until such time it will be in a position to support itself. |
|
|
Investments |
|
Fixed assets investments are stated at cost less provision for diminution in value. Any differences are taken to the profit and loss account. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Group accounts |
|
The company is entitled to exemptions under the Companies Act 2006 from the obligation to prepare group accounts. |
|
|
2 |
Investments |
US$ |
|
|
Cost |
|
At 1 January 2015 |
859,134 |
|
|
At 31 December 2015 |
859,134 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following Swedish companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
US$ |
US$ |
|
|
Combit AB |
Ordinary |
100 |
|
3,497,262 |
|
306,788 |
|
Combit Sweden AB |
Ordinary |
100 |
|
41,589 |
|
(4,272) |
|
Pipeline & Terminal Contractors |
Ordinary |
100 |
|
694,397 |
|
37,028 |
|
|
The activities of Combit AB and Pipeline & Contractors Scandinavian AB was the supply of equipment and expertise in the natural gas and petrochemical industry. Combit AB had no income in the year. |
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
US$ |
US$ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,000 |
|
1,414 |
|
1,414 |
|
|
|
|
|
|
|
|
|
|
The company's authorised and issued share capital is in Pound Sterling. The issued share capital is stated in the balance sheet in US Dollars following translation at the rate of exchange prevailing on the date of issue. |