Abbreviated Company Accounts - MARS ACQUISITION LIMITED

MARS ACQUISITION LIMITED - Company Information

Registered Number 08522909

MARS ACQUISITION LIMITED

Abbreviated Accounts

31 May 2014

MARS ACQUISITION LIMITED Registered Number 08522909

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014
		£
Fixed assets
Investments	2	180,100
		180,100
Current assets
Debtors		670,100
		670,100
Creditors: amounts falling due within one year		(850,000)
Net current assets (liabilities)		(179,900)
Total assets less current liabilities		200
Total net assets (liabilities)		200
Capital and reserves
Called up share capital		200
Shareholders' funds		200

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 February 2015

And signed on their behalf by:
Matt Gilmour, Director

MARS ACQUISITION LIMITED Registered Number 08522909

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2Fixed assets Investments
Fixed Assets investments are represented by Shares in group undertakings.
Additions in the period to 31 May 2014 £180,100
Balances at 31 May 2014 £180,100

The company holds 100% of the share capital of the following companies, both of which were incorporated in England and Wales:
Mars Capital Finance Limited
Mars Capital Management Limited

The aggregate amount of capital and reserves at the last relevant financial year were as follows:
Mars Capital Finance Limited at 31 March 2014
Capital and Reserves - £30,000
Profit for the year - £Nil
Mars Capital Management Limited
Capital and Reserves - £99,197
Profit for the year - £429,369