Harbour Yachting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08039925 (England and Wales)

Harbour Yachting Limited

Financial Statements for the Year Ended 31 December 2018

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

316,000

335,750

CURRENT ASSETS

Debtors

5

268,398

265,157

Cash at bank

838

1,960

269,236

267,117

CREDITORS

Amounts falling due within one year

6

585,236

916,195

NET CURRENT LIABILITIES

(316,000

)

(649,078

)

TOTAL ASSETS LESS CURRENT LIABILITIES

-

(313,328

)

CAPITAL AND RESERVES

Called up share capital

1

1

Capital contribution reserve

446,517

-

Retained earnings

(446,518

)

(313,329

)

-

(313,328

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 September 2019 and were signed on its behalf by:

Mr D Robbins - Director

1.	STATUTORY INFORMATION

Harbour Yachting Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

08039925

Registered office:

Harbour House

60 Purewell

Christchurch

BH23 1ES

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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.

Boats

-

5% on cost

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 statement of financial position date.

Going concern

The financial statements have been prepared on a going concern basis as the directors and parent company

have confirmed that, if required, funds will be made available to meet liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Boats

£

COST

At 1 January 2018

and 31 December 2018

395,000

DEPRECIATION

At 1 January 2018

59,250

Charge for year

19,750

At 31 December 2018

79,000

NET BOOK VALUE

At 31 December 2018

316,000

At 31 December 2017

335,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

268,398

265,157

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

10,230

638

Group and participating interests

567,530

879,826

Taxation and social security

-

28,902

Other creditors

7,476

6,829

585,236

916,195

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lucy Filer (Senior Statutory Auditor)

for and on behalf of Filer Knapper LLP

8.	RELATED PARTY DISCLOSURES

During the year, £446,517 of the balance due to the parent company was converted to a capital contribution.

9.	ULTIMATE CONTROLLING PARTY

Nicolas James Holdings Limited is the parent company.

Nicolas James Limited is the ultimate parent undertaking of the group of undertakings to consolidate the

financial statements at 31 December 2018.

The registered office address of both entities is Harbour House, 60 Purewell, Christchurch, England, BH23 1ES.

Group accounts are available from Companies House.