BALEARIC_CHARTERS_LTD - Accounts

BALEARIC CHARTERS LIMITED - Company Information

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Company Registration No. 07403517 (England and Wales)

BALEARIC CHARTERS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

BALEARIC CHARTERS LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BALEARIC CHARTERS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

50,018

Current assets

Debtors

14,763

Cash at bank and in hand

281

15,044

Creditors: amounts falling due within one year

(53,460)

(85,444)

Net current liabilities

(53,460)

(70,400)

Total assets less current liabilities

(53,460)

(20,382)

Capital and reserves

Called up share capital

100

Profit and loss account

(53,560)

(20,482)

Shareholders' funds

(53,460)

(20,382)

BALEARIC CHARTERS LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2015

- 2 -

For the financial year ended 30 April 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 January 2016

Mr K Locke

Director

Company Registration No. 07403517

BALEARIC CHARTERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services.

1.4

Tangible fixed assets and depreciation

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

10% reducing balance

1.5

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.

BALEARIC CHARTERS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

65,000

Disposals

(65,000)

At 30 April 2015

Depreciation

At 1 May 2014

14,982

On disposals

(14,982)

At 30 April 2015

Net book value

At 30 April 2015

At 30 April 2014

50,018

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Ultimate parent company

The ultimate parent company is PI4U Limited, a company incorporated in England and Wales.