Abbreviated Company Accounts - MICHIGAN INDUSTRIES LIMITED

MICHIGAN INDUSTRIES LIMITED - Company Information

02150270 MICHIGAN INDUSTRIES LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02150270 2015-01-01 2015-12-31 02150270 2015-12-31 02150270 2014-12-31 02150270 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02150270 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02150270

MICHIGAN INDUSTRIES LIMITED

Abbreviated Accounts

31 December 2015

MICHIGAN INDUSTRIES LIMITED Registered Number 02150270

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	340,248	340,248
		340,248	340,248
Current assets
Debtors		37,227	37,227
		37,227	37,227
Net current assets (liabilities)		37,227	37,227
Total assets less current liabilities		377,475	377,475
Total net assets (liabilities)		377,475	377,475
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		377,375	377,375
Shareholders' funds		377,475	377,475

For the year ending 31 December 2015 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 28 September 2016

And signed on their behalf by:
Philip George Walton, Director

MICHIGAN INDUSTRIES LIMITED Registered Number 02150270

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015).

Other accounting policies
Investments
Fixed asset investments are stated at cost.

Investment details
Subsidiary undertaking £ 340,248 (2015) £ 340,248 (2016)
The company has invested £ 340,248 in Atlantis Management LLP in which Michigan Industries Limited is a member.

2Fixed assets Investments
Cost
At 1 January 2015 £ 340,248
At 31 December 2015 £ 340,248

Net book values
At 31 December 2015 £ 340,248
At 31 December 2014 £ 340,248

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100