WATERCOURSE LIMITED Accounts filed on 31-05-2014

WATERCOURSE LIMITED Accounts filed on 31-05-2014

WATERCOURSE LIMITED - Company Information

Print Friendly Version

false true true true 2013-06-01 2014-05-31 2014-05-31 true 05026675 2013-06-01 2014-05-31 05026675 2012-06-01 2013-05-31 05026675 2014-05-31 05026675 2013-05-31 05026675 2013-05-31 05026675 2012-05-31 05026675 uk-bus:Director1 2013-06-01 2014-05-31 05026675 uk-bus:Director1 2013-06-01 05026675 uk-bus:Director1 2014-05-31 05026675 uk-bus:Director2 2013-06-01 2014-05-31 05026675 uk-bus:Director2 2013-06-01 05026675 uk-bus:Director2 2014-05-31 05026675 uk-bus:CompanySecretary 2013-06-01 2014-05-31 05026675 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-06-01 2014-05-31 05026675 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-06-01 2013-05-31 05026675 uk-gaap:LeasedTangibleFixedAssets 2013-06-01 2014-05-31 05026675 uk-gaap:LeasedTangibleFixedAssets 2012-06-01 2013-05-31 05026675 uk-gaap:NetGoodwill 2013-06-01 2014-05-31 05026675 uk-gaap:NetGoodwill 2012-06-01 2013-05-31 05026675 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-06-01 2014-05-31 05026675 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-06-01 2013-05-31 05026675 uk-bus:AllEntityOfficers 2013-06-01 2014-05-31 05026675 uk-bus:AllEntityOfficers 2012-06-01 2013-05-31 05026675 uk-bus:AllOrdinaryShares 2013-06-01 2014-05-31 05026675 uk-bus:AllOrdinaryShares 2014-05-31 05026675 uk-bus:AllOrdinaryShares 2012-06-01 2013-05-31 05026675 uk-bus:AllOrdinaryShares 2013-05-31 05026675 uk-bus:AllPreferenceShares 2013-06-01 2014-05-31 05026675 uk-bus:AllPreferenceShares 2014-05-31 05026675 uk-bus:AllPreferenceShares 2012-06-01 2013-05-31 05026675 uk-bus:AllPreferenceShares 2013-05-31 05026675 uk-gaap:NetGoodwill 2014-05-31 05026675 uk-gaap:NetGoodwill 2013-05-31 05026675 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-05-31 05026675 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-05-31 05026675 uk-gaap:LandBuildings 2014-05-31 05026675 uk-gaap:LandBuildings 2013-06-01 2014-05-31 05026675 uk-gaap:LandBuildings 2013-05-31 05026675 uk-gaap:PlantMachinery 2014-05-31 05026675 uk-gaap:PlantMachinery 2013-06-01 2014-05-31 05026675 uk-gaap:PlantMachinery 2013-05-31 05026675 uk-gaap:FixturesFittings 2014-05-31 05026675 uk-gaap:FixturesFittings 2013-06-01 2014-05-31 05026675 uk-gaap:FixturesFittings 2013-05-31 05026675 uk-gaap:MotorVehicles 2014-05-31 05026675 uk-gaap:MotorVehicles 2013-06-01 2014-05-31 05026675 uk-gaap:MotorVehicles 2013-05-31 05026675 uk-gaap:OfficeEquipment 2014-05-31 05026675 uk-gaap:OfficeEquipment 2013-06-01 2014-05-31 05026675 uk-gaap:OfficeEquipment 2013-05-31 05026675 uk-bus:RegisteredOffice 2013-06-01 2014-05-31 05026675 uk-gaap:WithinOneYear 2014-05-31 05026675 uk-gaap:WithinOneYear 2013-05-31 05026675 uk-gaap:AfterOneYear 2014-05-31 05026675 uk-gaap:AfterOneYear 2013-05-31 05026675 uk-gaap:BetweenOneFiveYears 2014-05-31 05026675 uk-gaap:BetweenOneFiveYears 2013-05-31 05026675 uk-gaap:MoreThanFiveYears 2014-05-31 05026675 uk-gaap:MoreThanFiveYears 2013-05-31 iso4217:GBP xbrli:pure xbrli:shares

WATERCOURSE LIMITED




Company Registration Number:
05026675 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st June 2013

End date: 31st May 2014

SUBMITTED

WATERCOURSE LIMITED

Company Information
for the Period Ended 31st May 2014




Director: Mr B McCoy
Mrs Y McCoy
Registered office: 94 Wayland Avenue
Brighton
East Sussex
BN1 5JN
Company Registration Number: 05026675 (England and Wales)

WATERCOURSE LIMITED

Abbreviated Balance sheet
As at 31st May 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 5 1 1,120
Total fixed assets: 1 1,120
Current assets
Cash at bank and in hand: 14,380 4,756
Total current assets: 14,380 4,756
Creditors
Creditors: amounts falling due within one year 6 5,543 3,458
Net current assets (liabilities): 8,837 1,298
Total assets less current liabilities: 8,838 2,418
Total net assets (liabilities): 8,838 2,418

The notes form part of these financial statements

WATERCOURSE LIMITED

Abbreviated Balance sheet
As at 31st May 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 7 100 100
Profit and Loss account: 8,738 2,318
Total shareholders funds: 8,838 2,418

For the year ending 31 May 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 03 August 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mrs Y McCoy
Status: Director

The notes form part of these financial statements

WATERCOURSE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    Turnover comprises charter hire fees receivable by the company during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following rates in order to write off each asset over its estimated useful life. Passenger Ferry - Straight Line Basis over nine years.

WATERCOURSE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2014

  • 5. Tangible assets

    Total
    Cost £
    At 01st June 2013: 51,470
    At 31st May 2014: 51,470
    Depreciation
    At 01st June 2013: 50,350
    Charge for year: 1,119
    At 31st May 2014: 51,469
    Net book value
    At 31st May 2014: 1
    At 31st May 2013: 1,120

    Mr S Collins, a consultant to the company,was granted options to purchase the vessel 'Twinstar' on 21 November 2004. In summary,and subject to the fulfillment of performance conditions ; these are that (a) on completion of the 8th year of successful service of the vessel under the charter arrangement with Collins River Enterprises Limited, he may purchase the vessel for the sum of £25,000 plus legal costs of both parties and (b) on the date of completing the 9th year of successful service under the charter arrangement with Collins River Enterprises Limited he may purchase the vessel for the sum of £5,000 plus legal costs of both parties. This option was forfeited due to a breach of the performance conditions and Mr C Wakefield, a consultant to the company, was granted an option to purchase on 26 January 2008 on the same terms and conditions as was granted to Mr S Collins at no cost to either party or the company.

WATERCOURSE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2014

  • 6. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Taxation and social security: 4,592 2,524
    Accruals and deferred income: 560 587
    Other creditors: 391 347
    Total: 5,543 3,458

WATERCOURSE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2014

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100