Registered Number 07688640
MICROVEST II LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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$ | $ | ||
Fixed assets | |||
Investments | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Valuation information and policy
2
Fixed assets Investments
At 1 July 2014 14,065,930
Additions 428,717
Revaluations (2,495,570)
At 30 June 2015 11,999,077
Net book value
At 30 June 2015 11,999,077
At 30 June 2014 14,065,930
The market value of the investments at 30 June 2015 was $11,999,077 (2014 - 14,065,930). A market approach is utilized to estimate the fair value of the equity investments where there is not a readily available market. Fair value of the equity investments is reviewed by the directors on a quarterly basis.