ACCOUNTS - Final Accounts preparation

NOVA MARINE RISK LIMITED - Company Information

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Registered number: 09284362

NOVA MARINE RISK LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED

30 APRIL 2015

MAGEE GAMMON

Chartered Accountants

Henwood House

Henwood

Ashford

Kent

TN24 8DH


NOVA MARINE RISK LIMITED REGISTERED NUMBER: 09284362

ABBREVIATED BALANCE SHEET

AS AT 30 APRIL 2015


				2015

Note


CREDITORS: amounts falling due within one year			(7,635)

NET LIABILITIES

(7,635)

CAPITAL AND RESERVES
Called up share capital	2	100
Profit and loss account		(7,735)

SHAREHOLDERS' DEFICIT

(7,635)

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2015 and of its loss for the period in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 11 September 2015.

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

Mr M H Carter

Director

The notes on page 2 form part of these financial statements.

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NOVA MARINE RISK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2015

1.Accounting policies

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	1.2	Going concern
		At the balance sheet date, the company had net liabilities. Included in these liabilities is a balance due to the parent company, New Dawn Risk Group Limited, of £6,450. The directors of the parent company has given their assurances that the funds will not be recalled until such time as the company can afford to do so. Because of this, the directors believe that the going concern basis applies.

	1.3	Turnover
		Turnover represents insurance brokerage and fees which are recognised upon the inception date of the policy or the period of insurance. Alterations in brokerage arising from the return of premiums, additional premiums and adjustments are recognised as and when they occur.

2.Share capital

			2015

		Allotted, called up and fully paid

		100 Ordinary shares of £1 each	100

During the period 100 ordinary shares of £1 each were issued at par for cash consideration.

3.Ultimate parent undertaking and controlling party

The company is a 75% subsidiary of New Dawn Risk Group Limited.

The ultimate controlling party is Mr M H Carter, director and majority shareholder in New Dawn Risk Group Limited.

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