SALTIRE_ENERGY_(NORWAY)_L - Accounts
SALTIRE_ENERGY_(NORWAY)_L - Accounts
Saltire Energy (Norway) Limited is a private company limited by shares incorporated in Scotland. The registered office is 100 Union Street, ABERDEEN, AB10 1QR.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
In accordance with the transitional exemption in section 35 of FRS 102, Saltire Energy (Norway) Limited has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.
The company has not traded during the year or the preceding financial year.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The company's immediate parent is Saltire Energy Limited, which prepares group accounts, and whose registered office is 100 Union Street, Aberdeen, AB10 1QR.