OUTER REEF YACHTS EUROPE LIMITED Accounts filed on 30-06-2014

OUTER REEF YACHTS EUROPE LIMITED - Company Information

false true true true 2013-07-01 2014-06-30 2014-06-30 true 07281397 2013-07-01 2014-06-30 07281397 2012-07-01 2013-06-30 07281397 2014-06-30 07281397 2013-06-30 07281397 2013-06-30 07281397 2012-06-30 07281397 uk-bus:Director1 2013-07-01 2014-06-30 07281397 uk-bus:Director1 2013-07-01 07281397 uk-bus:Director1 2014-06-30 07281397 uk-bus:Director2 2013-07-01 2014-06-30 07281397 uk-bus:Director2 2013-07-01 07281397 uk-bus:Director2 2014-06-30 07281397 uk-bus:Director3 2013-07-01 2014-06-30 07281397 uk-bus:Director3 2013-07-01 07281397 uk-bus:Director3 2014-06-30 07281397 uk-bus:CompanySecretary 2013-07-01 2014-06-30 07281397 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-07-01 2014-06-30 07281397 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-07-01 2013-06-30 07281397 uk-gaap:LeasedTangibleFixedAssets 2013-07-01 2014-06-30 07281397 uk-gaap:LeasedTangibleFixedAssets 2012-07-01 2013-06-30 07281397 uk-gaap:NetGoodwill 2013-07-01 2014-06-30 07281397 uk-gaap:NetGoodwill 2012-07-01 2013-06-30 07281397 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-07-01 2014-06-30 07281397 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-07-01 2013-06-30 07281397 uk-bus:AllEntityOfficers 2013-07-01 2014-06-30 07281397 uk-bus:AllEntityOfficers 2012-07-01 2013-06-30 07281397 uk-bus:AllOrdinaryShares 2013-07-01 2014-06-30 07281397 uk-bus:AllOrdinaryShares 2014-06-30 07281397 uk-bus:AllOrdinaryShares 2012-07-01 2013-06-30 07281397 uk-bus:AllOrdinaryShares 2013-06-30 07281397 uk-bus:AllPreferenceShares 2013-07-01 2014-06-30 07281397 uk-bus:AllPreferenceShares 2014-06-30 07281397 uk-bus:AllPreferenceShares 2012-07-01 2013-06-30 07281397 uk-bus:AllPreferenceShares 2013-06-30 07281397 uk-gaap:NetGoodwill 2014-06-30 07281397 uk-gaap:NetGoodwill 2013-06-30 07281397 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-06-30 07281397 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-06-30 07281397 uk-gaap:LandBuildings 2014-06-30 07281397 uk-gaap:LandBuildings 2013-07-01 2014-06-30 07281397 uk-gaap:LandBuildings 2013-06-30 07281397 uk-gaap:PlantMachinery 2014-06-30 07281397 uk-gaap:PlantMachinery 2013-07-01 2014-06-30 07281397 uk-gaap:PlantMachinery 2013-06-30 07281397 uk-gaap:FixturesFittings 2014-06-30 07281397 uk-gaap:FixturesFittings 2013-07-01 2014-06-30 07281397 uk-gaap:FixturesFittings 2013-06-30 07281397 uk-gaap:MotorVehicles 2014-06-30 07281397 uk-gaap:MotorVehicles 2013-07-01 2014-06-30 07281397 uk-gaap:MotorVehicles 2013-06-30 07281397 uk-gaap:OfficeEquipment 2014-06-30 07281397 uk-gaap:OfficeEquipment 2013-07-01 2014-06-30 07281397 uk-gaap:OfficeEquipment 2013-06-30 07281397 uk-bus:RegisteredOffice 2013-07-01 2014-06-30 07281397 uk-gaap:WithinOneYear 2014-06-30 07281397 uk-gaap:WithinOneYear 2013-06-30 07281397 uk-gaap:AfterOneYear 2014-06-30 07281397 uk-gaap:AfterOneYear 2013-06-30 07281397 uk-gaap:BetweenOneFiveYears 2014-06-30 07281397 uk-gaap:BetweenOneFiveYears 2013-06-30 07281397 uk-gaap:MoreThanFiveYears 2014-06-30 07281397 uk-gaap:MoreThanFiveYears 2013-06-30 iso4217:GBP xbrli:pure xbrli:shares

OUTER REEF YACHTS EUROPE LIMITED

Company Registration Number:
07281397 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st July 2013

End date: 30th June 2014

SUBMITTED

Company Information
for the Period Ended 30th June 2014

Director:		TE de Faoite
		JJ Druekk
		EE de Faoite



Company secretary:		TE de Faoite



Registered office:		Unit 26 Universal Marina
		Sarisbury Green

		Southampton

		SO31 7ZN




Company Registration Number:		07281397 (England and Wales)

Abbreviated Balance sheet
As at 30th June 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:		-	318
Total fixed assets:		-	318
Current assets
Debtors:	2	6,355	6,303
Cash at bank and in hand:		7,029	8,385
Total current assets:		13,384	14,688
Creditors
Creditors: amounts falling due within one year	3	218,851	130,295
Net current assets (liabilities):		( 205,467 )	( 115,607 )
Total assets less current liabilities:		( 205,467 )	( 115,289 )
Total net assets (liabilities):		( 205,467 )	( 115,289 )

The notes form part of these financial statements

Abbreviated Balance sheet
As at 30th June 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	4	1	1
Profit and Loss account:		( 205,468 )	( 115,290 )
Total shareholders funds:		( 205,467 )	( 115,289 )

For the year ending 30 June 2014 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 19 March 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: TE de Faoite
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

1. Accounting policies

Basis of measurement and preparation of accounts

the financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers in the normal course of business. In accordance with generally accepted accounting practice, no turnover or profit is brought to account until title of a vessel has passed to a purchaser which follows final sea trials in the legal Port of Delivery as per clause 5 of the Company's Sales Agreement.

Tangible fixed assets depreciation policy

Depreciation is provided at the rate of 33% pa in order to write off each asset over its estimated useful life.

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

2. Debtors

	2014 £	2013 £
Other debtors:	6,355	6,303
Total:	6,355	6,303

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

3. Creditors: amounts falling due within one year

	2014 £	2013 £
Trade creditors:	18,112	8,193
Accruals and deferred income:	29	1,696
Other creditors:	200,710	120,406
Total:	218,851	130,295

1. At 30 June 2014 a balance of £200,710 (2013: £120,405) was due as an intercompany loan to Outer Reef Yachts Inc (Incorporated in Florida State, USA) of which JJ Druek is Chief Executive officer, director and sole shareholder. 2. A Rent Deposit Deed dated 8 July 2010 has been created for securing all monies due or to become due from the company to John Willment Marine Ltd in respect of the operating lease over the office premises at Universal Marina.

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

4. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	1	1.00 1.00	1
Total share capital:			1

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

5. Related party disclosures

Name of the ultimate controlling party during the period:	Outer Reef Yachts Inc (Incorporated in Florida State USA). JJ Druek is Chief Executive Office, directors and sole shareholder of this company.

OUTER REEF YACHTS EUROPE LIMITED Accounts filed on 30-06-2014