Abbreviated Company Accounts - RAYNE YACHTS LIMITED

RAYNE YACHTS LIMITED - Company Information

06009354 RAYNE YACHTS LIMITED 2015-01-31 false 2013-12-01 2015-01-31 true 06009354 2013-12-01 2015-01-31 06009354 2015-01-31 06009354 2013-11-30 06009354 uk-gaap-cd-bus:Director1 2013-12-01 2015-01-31 06009354 uk-gaap-cd-bus:Director2 2013-12-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 iso4217:GBP shares

Registered Number 06009354

RAYNE YACHTS LIMITED

Abbreviated Accounts

31 January 2015

RAYNE YACHTS LIMITED Registered Number 06009354

Abbreviated Balance Sheet as at 31 January 2015

	Notes	31/01/2015	30/11/2013
		£	£
Fixed assets
Tangible assets	2	407,315	441,117
		407,315	441,117
Current assets
Debtors		2,360	-
Cash at bank and in hand		48,711	1,626
		51,071	1,626
Creditors: amounts falling due within one year		(7,382)	(5,716)
Net current assets (liabilities)		43,689	(4,090)
Total assets less current liabilities		451,004	437,027
Creditors: amounts falling due after more than one year		(1,201,979)	(1,236,347)
Total net assets (liabilities)		(750,975)	(799,320)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(751,075)	(799,420)
Shareholders' funds		(750,975)	(799,320)

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 by the Board on 27 October 2015

And signed on their behalf by:
E Detruche, Director

RAYNE YACHTS LIMITED Registered Number 06009354

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for charter fees & expenses excluding VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery - 5% per annum on straight line basis

Valuation information and policy
Foreign Currency Translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 December 2013	676,041
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	676,041
Depreciation
At 1 December 2013	234,924
Charge for the year	33,802
On disposals	-
At 31 January 2015	268,726
Net book values
At 31 January 2015	407,315
At 30 November 2013	441,117

3Called Up Share Capital
Allotted, called up and fully paid:

	31/01/2015 £	30/11/2013 £
100 Ordinary shares of £1 each	100	100