South Coast Mussels Limited - Period Ending 2015-09-30

Registration number: 03238554

South Coast Mussels Limited

Annual Report and Unaudited Accounts

for the Year Ended 30 September 2015
 

Harney & Co Limited
Chartered Certified Accountants
21 Market Place
Blandford Forum
Dorset
DT11 7AF

South Coast Mussels Limited
(Registration number: 03238554)
Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			40,000			40,000
Creditors: Amounts falling due within one year		3			(27)			(27)
Net assets					39,973			39,973
Capital and reserves
Called up share capital		4			40			40
Profit and loss account					39,933			39,933
Shareholders' funds					39,973			39,973

For the year ending 30 September 2015 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

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.

Approved and authorised for issue by the Board on 19 January 2016 and signed on its behalf by:

.........................................
Mr CJ Verspoor
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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South Coast Mussels Limited
Notes to the financial statements for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.

Asset class	Depreciation method and rate
Freehold Property	0%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Tangible fixed assets

		Freehold land and buildings £			Total £
Cost or valuation
At 1 October 2014		40,000			40,000
Net book value
At 30 September 2015		40,000			40,000
At 30 September 2014		40,000			40,000

3	Creditors: Amounts falling due within one year

		2015 £			2014 £
Other creditors		27			27

Page 2

South Coast Mussels Limited
Notes to the financial statements for the Year Ended 30 September 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		40			40			40			40

5	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Oakford Oysters Limited ( Parent company of South Coast Mussels Limited ) At the balance sheet date the amount due to Oakford Oysters Limited was £27 ( 2014 - £27 ) .

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