Abbreviated Company Accounts - EURASIAN ENERGY VENTURES LIMITED

EURASIAN ENERGY VENTURES LIMITED - Company Information

06681429 EURASIAN ENERGY VENTURES LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 06681429 2015-11-01 2016-10-31 06681429 2016-10-31 06681429 2015-10-31 06681429 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 06681429 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 06681429

EURASIAN ENERGY VENTURES LIMITED

Abbreviated Accounts

31 October 2016

EURASIAN ENERGY VENTURES LIMITED Registered Number 06681429

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	275,998	685
		275,998	685
Current assets
Debtors		435	4,286
Cash at bank and in hand		185,032	460,862
		185,467	465,148
Creditors: amounts falling due within one year		(29,822)	(22,407)
Net current assets (liabilities)		155,645	442,741
Total assets less current liabilities		431,643	443,426
Total net assets (liabilities)		431,643	443,426
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		431,641	443,424
Shareholders' funds		431,643	443,426

For the year ending 31 October 2016 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 14 July 2017

And signed on their behalf by:
David Daniel Skeels, Director

EURASIAN ENERGY VENTURES LIMITED Registered Number 06681429

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Long Term Leasehold Property - not depreciated
Plant & Machinery - 20% reducing balance
Office Equipment - 25% reducing balance

Other accounting policies
Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 November 2015	1,046
Additions	275,893
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	276,939
Depreciation
At 1 November 2015	361
Charge for the year	580
On disposals	-
At 31 October 2016	941
Net book values
At 31 October 2016	275,998
At 31 October 2015	685

Additions of £273,846 relate to Long Leasehold Property which has not been depreciated.

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2