Accounts filed on 30-11-2014
Accounts filed on 30-11-2014
trueCombined Yachts Limited087670112014-11-30-26580-265791-26579154286127707-126832192421655895341312176254539254539Basis of accounting
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).
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Land & BuildingsReducing balance0.05002621512621517612761226215126215176127612154286Ordinary1110Ordinary1112015-09-04Mr E Stampertruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCombined Yachts Limited2013-11-072014-11-30Combined Yachts Limited2012-12-012013-11-06Combined Yachts Limited2012-11-30Combined Yachts Limited2013-11-06Combined Yachts Limited2013-11-06Combined Yachts Limited2014-11-30 2015-09-07
