IRIS Accounts Production v17.2.1.52 07243330 Board of Directors 1.1.16 31.12.16 31.12.16 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 07243330 2015-12-31 07243330 2016-12-31 07243330 2016-01-01 2016-12-31 07243330 2014-12-31 07243330 2015-01-01 2015-12-31 07243330 2015-12-31 07243330 ns15:EnglandWales 2016-01-01 2016-12-31 07243330 ns14:PoundSterling 2016-01-01 2016-12-31 07243330 ns10:Director1 2016-01-01 2016-12-31 07243330 ns10:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 07243330 ns10:SmallEntities 2016-01-01 2016-12-31 07243330 ns10:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 07243330 ns10:SmallCompaniesRegimeForDirectorsReport 2016-01-01 2016-12-31 07243330 ns10:SmallCompaniesRegimeForAccounts 2016-01-01 2016-12-31 07243330 ns10:FullAccounts 2016-01-01 2016-12-31 07243330 ns5:CurrentFinancialInstruments 2016-12-31 07243330 ns5:CurrentFinancialInstruments 2015-12-31 07243330 ns5:ShareCapital 2016-12-31 07243330 ns5:ShareCapital 2015-12-31 07243330 ns5:RetainedEarningsAccumulatedLosses 2016-12-31 07243330 ns5:RetainedEarningsAccumulatedLosses 2015-12-31 07243330 ns5:CostValuation 2016-12-31 07243330 ns5:Subsidiary1 2016-01-01 2016-12-31 07243330 1 ns5:Subsidiary1 2016-01-01 2016-12-31 07243330 ns5:Subsidiary1 2016-12-31 07243330 ns5:Subsidiary1 2015-12-31 07243330 ns5:Subsidiary1 2015-12-31 07243330 ns5:Subsidiary1 2015-01-01 2015-12-31


REGISTERED NUMBER: 07243330 (England and Wales)
























SAHARA ENERGY FIELDS HOLDING UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2016






SAHARA ENERGY FIELDS HOLDING UK LTD (REGISTERED NUMBER: 07243330)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2016




Page

Balance Sheet 1

Notes to the Financial Statements 2


SAHARA ENERGY FIELDS HOLDING UK LTD (REGISTERED NUMBER: 07243330)

BALANCE SHEET
31st December 2016

2016 2015
Notes £    £   
FIXED ASSETS
Investments 3 16,524 16,524

CURRENT ASSETS
Cash in hand 10,000 10,000

CREDITORS
Amounts falling due within one year 4 (22,278 ) (21,558 )
NET CURRENT LIABILITIES (12,278 ) (11,558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,246

4,966

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (5,754 ) (5,034 )
SHAREHOLDERS' FUNDS 4,246 4,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18th September 2017 and were signed on its behalf
by:





Adedeji Odunsi - Director


SAHARA ENERGY FIELDS HOLDING UK LTD (REGISTERED NUMBER: 07243330)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2016

1. STATUTORY INFORMATION

SAHARA ENERGY FIELDS HOLDING UK LTD is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in associates
Investments in associate undertakings are recognised at cost.

3. FIXED ASSET INVESTMENTS
Interest
in group
undertakings
£   
COST
At 1st January 2016
and 31st December 2016 16,524
NET BOOK VALUE
At 31st December 2016 16,524
At 31st December 2015 16,524

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Sahara Energy Africa B.V
Registered office: Flight Forum40, 5657 DB Eindhoven, The Netherlands
Nature of business: Real Estate
%
Class of shares: holding
Ordinary 100.00
31.12.15 31.12.14
£    £   
Aggregate capital and reserves (106,000 ) (82,625 )
Loss for the year (33,742 ) (32,069 )

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors - 1
Amounts owed to group undertakings 17,370 17,370
Other creditors 4,908 4,187
22,278 21,558