Abbreviated Company Accounts - MIDMAR ENERGY LIMITED

SC158863 MIDMAR ENERGY LIMITED 2012-12-31 false 2012-01-01 2012-12-31 true SC158863 2012-01-01 2012-12-31 SC158863 2012-12-31 SC158863 2011-12-31 SC158863 uk-gaap-cd-bus:Director1 2012-01-01 2012-12-31 SC158863 uk-gaap-cd-bus:Director2 2012-01-01 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-01-01 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2011-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-01-01 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2011-12-31 iso4217:GBP shares

Registered Number SC158863

MIDMAR ENERGY LIMITED

Abbreviated Accounts

31 December 2012

MIDMAR ENERGY LIMITED Registered Number SC158863

Abbreviated Balance Sheet as at 31 December 2012

	Notes	2012	2011
		£	£
Fixed assets
Tangible assets	2	769	1,633
Investments	3	33,809	33,809
		34,578	35,442
Current assets
Debtors	4	359,265	358,751
Cash at bank and in hand		1,481	1,407
		360,746	360,158
Creditors: amounts falling due within one year	5	(12,525)	(10,694)
Net current assets (liabilities)		348,221	349,464
Total assets less current liabilities		382,799	384,906
Creditors: amounts falling due after more than one year	5	(1,045,192)	(2,196,238)
Total net assets (liabilities)		(662,393)	(1,811,332)
Capital and reserves
Called up share capital	6	400,001	400,001
Other reserves		1,188,811	-
Profit and loss account		(2,251,205)	(2,211,333)
Shareholders' funds		(662,393)	(1,811,332)

For the year ending 31 December 2012 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 6 September 2013

And signed on their behalf by:
Peter Redman, Director

MIDMAR ENERGY LIMITED Registered Number SC158863

Notes to the Abbreviated Accounts for the period ended 31 December 2012

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.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows:
Office equipment and fixtures and fittings - 20% straight line

Valuation information and policy
Investments held as fixed assets are shown at cost less provision for impairment

2Tangible fixed assets

	£
Cost
At 1 January 2012	26,260
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2012	26,260
Depreciation
At 1 January 2012	24,627
Charge for the year	864
On disposals	-
At 31 December 2012	25,491
Net book values
At 31 December 2012	769
At 31 December 2011	1,633

3Fixed assets Investments
Shares in group Unlisted
undertakings investment Total
Cost £ £ £
At 1 January 2012 100 33,709 33,809
Additions - - -
Disposals - - -
At 31 December 2012 100 33,709 33,809

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name
Midmar Energy UK Limited - registered in England & Wales Class of shares: £1 Ordinary shares Holding: 100%

The aggregate of the share capital and reserves as at 31 December 2012 and of the profit or loss for
the year ended on that date for the subsidiary undertaking were as follows :
Aggregate of
share capital
and reserves Profit/(loss)
£ £
Midmar Energy UK Limited (41,395) (5,760)

4Debtors

	2012 £	2011 £
Debtors include the following amounts due after more than one year	351,371	351,371

Included in debtors due after more than one year is an amount of £169,919 (2011 £169,919) owed from Midmar Energy UK Limited, the wholly owned subsidiary.

5Creditors

	2012 £	2011 £
Secured Debts	0	1,188,811
Non-instalment debts due after 5 years	1,045,192	2,196,238

6Called Up Share Capital
Allotted, called up and fully paid:

	2012 £	2011 £
300,001 Ordinary shares of £1 each	300,001	300,001
100,000 A Ordinary shares of £1 each	100,000	100,000