Mondial Yachts Limited - Accounts to registrar (filleted) - small 18.2

Mondial Yachts Limited - Accounts to registrar (filleted) - small 18.2

MONDIAL YACHTS LIMITED - Company Information

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REGISTERED NUMBER: 04535124 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

MONDIAL YACHTS LIMITED
MONDIAL YACHTS LIMITED (REGISTERED NUMBER: 04535124)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MONDIAL YACHTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTOR: J J Soete





REGISTERED OFFICE: Cornerways House
School Lane
Ringwood
Hampshire
BH24 1LG





REGISTERED NUMBER: 04535124 (England and Wales)





ACCOUNTANTS: Vincent Clemas CAAS Limited
Chartered Accountants
Cornerways House
School Lane
Ringwood
Hampshire
BH24 1LG
Page 1
MONDIAL YACHTS LIMITED (REGISTERED NUMBER: 04535124)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265 327

CURRENT ASSETS
Debtors 5 9,615 2,554
Cash at bank 16,426 43,271
26,041 45,825
CREDITORS
Amounts falling due within one year 6 17,011 16,065
NET CURRENT ASSETS 9,030 29,760
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,295
30,087

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,294 30,086
SHAREHOLDERS' FUNDS 9,295 30,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 June 2019 and were signed by:





J J Soete - Director


The notes form part of these financial statements

Page 2
MONDIAL YACHTS LIMITED (REGISTERED NUMBER: 04535124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Mondial Yachts Limited 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, and in accordance with the accounting policies set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are
written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.

Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and
the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Page 3 continued...
MONDIAL YACHTS LIMITED (REGISTERED NUMBER: 04535124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2017
and 30 September 2018 1,593 2,927 4,520
DEPRECIATION
At 1 October 2017 1,313 2,880 4,193
Charge for year 47 15 62
At 30 September 2018 1,360 2,895 4,255
NET BOOK VALUE
At 30 September 2018 233 32 265
At 30 September 2017 280 47 327

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 8,888 -
Other debtors 727 727
Prepayments - 1,827
9,615 2,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 4,450 1,340
Tax - 925
Directors' current accounts 7,521 8,819
Accrued expenses 5,040 4,981
17,011 16,065

Page 4