Seachoice Limited - Accounts to registrar (filleted) - small 18.2
Seachoice Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| FOR |
| SEACHOICE LIMITED |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SEACHOICE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 61 Station Road |
| Sudbury |
| Suffolk |
| CO10 2SP |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| BALANCE SHEET |
| 31 DECEMBER 2018 |
| 31.12.17 | 31.12.18 |
| £ | £ | Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| ( |
) | NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2018 |
| 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 behalf by: |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 1. | STATUTORY INFORMATION |
| Seachoice Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of work completed and invoiced during the year and after taking into |
| account the movement between the opening and closing trade debtor balances. |
| Tangible fixed assets |
| Building improvements | - |
| Office equipment | - |
| Cinema equipment | - |
| Financial instruments |
| The company enters into basic financial instrument transactions, as appropriate and as and when |
| required, that result in the recognition of financial assets and liabilities within the financial |
| statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase |
| contracts. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
| at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Investments |
| Fixed asset investments are stated at cost less provision for diminution in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Building | Office | Cinema |
| Totals | improvements | equipment | equipment |
| £ | £ | £ | £ |
| COST |
| At 1 January 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2018 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Investments | 140,426 | 140,426 |
| Additional information is as follows: |
| Other |
| investments |
| £ |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 | 500 |
| At 31 December 2017 |
| Investments (neither listed nor unlisted) were as follows: |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Loan Colne Bar Properties Ltd | 139,926 | 139,926 |
| The long term loan to Colne Bar Properties Limited is repayable by mutual consent or on termination |
| of the lease to Seachoice Limited. |
| The company's investments consist of the following: |
| £ |
| 500 Ordinary shares of £1 each in Seachoice (Scandinavia) Limited | 500 |
| The company owns 500 ordinary £1 shares in Seachoice (Scandinavia) Limited. This represents 50% |
| of the share capital of that company, which distributes films and DVD's for ships. The aggregate |
| amount of the share capital and reserves of Seachoice (Scandinavia) Limited was a (deficit) of |
| £(24,081) at 31st December 2018 (2017 - deficit £(41,435) and the profit for that year was £21,425 |
| (2017 - profit £757). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| SEACHOICE LIMITED (REGISTERED NUMBER: 01546024) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | SECURED DEBTS |
| HSBC Bank Plc hold an unlimited debenture dated 2nd April 2002 and a company unlimited |
| multilateral guarantee dated 15th June 2004 given by Seachoice Limited and Seachoice |
| (Scandinavia) Limited. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |