Registered Number 07055133

KIMMERIDGE OIL & GAS LIMITED

Micro-entity Accounts

31 December 2016

KIMMERIDGE OIL & GAS LIMITED Registered Number 07055133

Micro-entity Balance Sheet as at 31 December 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 1 4,675,444 4,806,415
Tangible assets 2 169,754 248,092
4,845,198 5,054,507
Current assets
Debtors 50,967 -
Cash at bank and in hand - 18,895
50,967 18,895
Prepayments and accrued income - 5,000
Creditors: amounts falling due within one year (33,202 ) (2,008 )
Net current assets (liabilities) 17,765 21,887
Total assets less current liabilities 4,862,963 5,076,394
Creditors: amounts falling due after more than one year (1,068,178 ) (8,345,236 )
Accruals and deferred income - (12,579 )
Total net assets (liabilities) 3,794,785 (3,281,421 )
Capital and reserves
Called up share capital 7,552,555 400,000
Profit and loss account (3,757,770 ) (3,681,421 )
Shareholders' funds 3,794,785 (3,281,421 )

  • For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 September 2017

And signed on their behalf by:
Stephen Sanderson, Director

KIMMERIDGE OIL & GAS LIMITED Registered Number 07055133

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1 Intangible fixed assets
£
Cost
At 1 January 2016 4,806,415
Additions 309,084
Disposals -
Revaluations (440,055 )
Transfers -
At 31 December 2016 4,675,444
Amortisation
At 1 January 2016 -
Charge for the year -
On disposals -
At 31 December 2016 -
Net book values
At 31 December 2016 4,675,444
At 31 December 2015 4,806,415

The directors have considered the carrying value of the intangible assets, and do not consider
any impairment is required as at 31 December 2016.

2 Tangible fixed assets
£
Cost
At 1 January 2016 248,092
Additions -
Disposals -
Revaluations (78,338 )
Transfers -
At 31 December 2016 169,754
Depreciation
At 1 January 2016 -
Charge for the year -
On disposals -
At 31 December 2016 -
Net book values
At 31 December 2016 169,754
At 31 December 2015 248,092

3 Accounting 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.