South Coast Mussels Limited - Period Ending 2019-09-30

Registration number: 03238554

South Coast Mussels Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2019

Harney & Co Limited
Chartered Certified Accountants
21 Market Place
Blandford Forum
Dorset
DT11 7AF

 

South Coast Mussels Limited

Profit and Loss Account for the Year Ended 30 September 2019

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

South Coast Mussels Limited

(Registration number: 03238554)
Balance Sheet as at 30 September 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	3	40,000	40,000
Creditors: Amounts falling due within one year	4	(27)	(27)
Net assets		39,973	39,973
Capital and reserves
Called up share capital	5	40	40
Profit and loss account		39,933	39,933
Total equity		39,973	39,973

For the financial year ending 30 September 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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.

Approved and authorised by the director on 13 February 2020
 

.........................................

Mr M J Klink
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

South Coast Mussels Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
21 Market Place
Blandford Forum
Dorset
DT11 7AF

These financial statements were authorised for issue by the director on 13 February 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Freehold property is stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Freehold property is maintained such that there is no diminishment in value and as such a depreciation rate of zero in applied.

Trade creditors

Trade creditors are recognised at the transaction price.

Financial instruments

The company has basic financial instruments which are classified, measured and accounted for according to the substance of the contractual arrangement, as financial assets or financial liabilities. The company has not entered into any complex financial instruments.

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South Coast Mussels Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019 (continued)

3	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 October 2018	40,000	40,000
At 30 September 2019	40,000	40,000
Depreciation
Carrying amount
At 30 September 2019	40,000	40,000
At 30 September 2018	40,000	40,000

Included within the net book value of land and buildings above is £40,000 (2018 - £40,000) in respect of freehold land and buildings.
 

4

Creditors

	2019 £	2018 £
Due within one year
Other payables	27	27

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	40	40	40	40

6	Parent and ultimate parent undertaking

The parent company is Oakford Oysters Limited and the ultimate parent undertaking is International Seafoods
Klink BV .

 

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