Island to Island Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06811796 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Island to Island Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M McGuckin

Mrs D L McGuckin

REGISTERED OFFICE:

15 Marshall Avenue

Worthing

West Sussex

BN14 0ES

REGISTERED NUMBER:

06811796 (England and Wales)

ACCOUNTANTS:

AYP Advisory Limited

Chartered Accountants

15 Marshall Avenue

Worthing

West Sussex

BN14 0ES

FIXED ASSETS

Tangible assets

2

-

-

CURRENT ASSETS

Debtors

15,243

15,180

Cash at bank

33,920

58,833

49,163

74,013

CREDITORS

Amounts falling due within one year

13,638

16,789

NET CURRENT ASSETS

35,525

57,224

TOTAL ASSETS LESS CURRENT LIABILITIES

35,525

57,224

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

35,425

57,124

SHAREHOLDERS' FUNDS

35,525

57,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 March 2016 and were signed on its behalf by:

M McGuckin - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,150

DEPRECIATION

At 1 January 2015

and 31 December 2015

1,150

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100