Subsea Intervention Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC416599 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SUBSEA INTERVENTION LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G J Stroud

Ms K A Lawson

REGISTERED OFFICE:

Marin House

Castle Way

Castlepark Industrial Estate

ELLON

Aberdeenshire

AB41 9EY

REGISTERED NUMBER:

SC416599 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

CURRENT ASSETS

Cash at bank

82,510

82,510

CREDITORS

Amounts falling due within one year

210,451

210,451

NET CURRENT LIABILITIES

(127,941

)

(127,941

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(127,941

)

(127,941

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(127,943

)

(127,943

)

SHAREHOLDERS' FUNDS

(127,941

)

(127,941

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 September 2016 and were signed on its behalf by:

G J Stroud - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

The company was dormant throughout the current year and previous year.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the

company has entered into a binding agreement to sell the assets and recognised the gains and losses expected to

arise on sale, or where assets have been sold and it is expected that the taxable gain will be rolled over into a

replacement asset.

Basis of preparation

The figures provided in these accounts are estimates only, due to insufficient information and papers being

handed over to the current directors by the former owners and directors of the company. All figures contained in

these accounts are based on trading carried out during the period prior to 24/12/2013, and all amounts shown are

based on figures provided by the owners and directors of the company to that date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2