Fota Island Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06183743 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

Fota Island Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Walsh

REGISTERED OFFICE:

Mallards, Bridge Street

Louth

Lincolnshire

LN11 0DR

REGISTERED NUMBER:

06183743 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

4

2,002

2,244

Investments

5

73,043

226,051

75,045

228,295

CURRENT ASSETS

Debtors

6

254

107

Cash at bank and in hand

23,589

59,778

23,843

59,885

CREDITORS

Amounts falling due within one year

7

(2,892

)

17,913

NET CURRENT ASSETS

26,735

41,972

TOTAL ASSETS LESS CURRENT LIABILITIES

101,780

270,267

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

101,680

270,167

SHAREHOLDERS' FUNDS

101,780

270,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 director and authorised for issue on 23 December 2020 and were signed by:

K Walsh - Director

1.	STATUTORY INFORMATION

Fota Island Ltd 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 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 as modified by the revaluation of certain assets.

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 etc

-

25% on reducing balance and 25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

13,094

DEPRECIATION

At 1 April 2019

10,850

Charge for year

242

At 31 March 2020

11,092

NET BOOK VALUE

At 31 March 2020

2,002

At 31 March 2019

2,244

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2019

226,051

Disposals

(75,415

)

Revaluations

(77,593

)

At 31 March 2020

73,043

NET BOOK VALUE

At 31 March 2020

73,043

At 31 March 2019

226,051

Cost or valuation at 31 March 2020 is represented by:

Other

investments

£

Valuation in 2016

179,643

Valuation in 2017

13,248

Valuation in 2018

(12,676

)

Valuation in 2019

45,836

Valuation in 2020

(153,008

)

73,043

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

VAT

147

-

Prepayments and accrued income

107

107

254

107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Corporation tax

-

14,986

Social security and other taxes

-

(74

)

VAT

-

5,893

No description

(3,044

)

(3,044

)

Directors' current accounts

152

152

(2,892

)

17,913

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the 31st March 20, the company owed the director £152.