Thames River Cruises Limited 31/05/2020 iXBRL

Thames River Cruises Limited 31/05/2020 iXBRL

THAMES RIVER CRUISES LIMITED - Company Information

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Company registration number: 05813780
Thames River Cruises Limited
Unaudited filleted financial statements
31 May 2020
Thames River Cruises Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Thames River Cruises Limited
Directors and other information
Directors G H Campion
A Maynard
R A Prentice
Secretary M Jackson
Company number 05813780
Registered office Westminster Pier
Victoria
Embankment
London
SW1A 2JH
Thames River Cruises Limited
Statement of financial position
31 May 2020
2020 2019
Note £ £ £ £
Fixed assets
Investments 4 500,000 500,000
_______ _______
500,000 500,000
Creditors: amounts falling due
within one year 5 ( 499,000) ( 499,000)
_______ _______
Net current liabilities ( 499,000) ( 499,000)
_______ _______
Total assets less current liabilities 1,000 1,000
_______ _______
Net assets 1,000 1,000
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
_______ _______
Shareholders funds 1,000 1,000
_______ _______
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 August 2020 , and are signed on behalf of the board by:
A Maynard
Director
Company registration number: 05813780
Thames River Cruises Limited
Notes to the financial statements
Year ended 31 May 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Westminster Pier, Victoria, Embankment, London, SW1A 2JH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 June 2019 and 31 May 2020 500,000 500,000
_______ _______
Impairment
At 1 June 2019 and 31 May 2020 - -
_______ _______
Carrying amount
At 31 May 2020 500,000 500,000
_______ _______
At 31 May 2019 500,000 500,000
_______ _______
Investments in group undertakings
Registered office Class of share Percentage of shares held
Subsidiary undertakings
George Wheeler Launches Limited England and Wales Ordinary 100
Kingwood Launches Limited England and Wales Ordinary 100
5. Creditors: amounts falling due within one year
2020 2019
£ £
Other creditors 499,000 499,000
_______ _______