Whitehaven Marina Limited - Period Ending 2016-03-31

Company No. 06647450

Whitehaven Marina Limited

Abbreviated Accounts

Year Ended

31 March 2016
 

Brett Pittwood

Chartered Accountants

Whitehaven Marina Limited   Accounts Year Ended 31 March 2016

INDEX Page

Abbreviated balance sheet 1

Notes to the abbreviated accounts 2 - 3

Whitehaven Marina Limited Abbreviated balance sheet at 31 March 2016

page 787878787 Company No. 06647450

		Note			2016						2015
Fixed assets
Tangible fixed assets								205,720						218,270
Current assets
Stocks					510						3,951
Debtors					42,058						47,061
Cash and bank balances					325,599						231,265
					368,167						282,277
CREDITORS: amounts falling due within one year					(518,619)						(446,899)
Net current liabilities								(150,452)						(164,622)
Net assets								£55,268						£53,648
Capital and reserves
Called up share capital		3			1						1
Profit and loss account					55,267						53,647
								£55,268						£53,648

For the year ending 31 March 2016 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 28 September 2016 and signed on its behalf by:

M C Ward
Director

Whitehaven Marina Limited Notes to the abbreviated accounts   Year Ended 31 March 2016

page 787878787

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property	15-30 years straight line
Plant and equipment	7-15 years straight line
Office equipment	3-7 years straight line basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Whitehaven Marina Limited Notes to the abbreviated accounts   Year Ended 31 March 2016

page 787878787

2	Fixed assets

		Tangible assets			Total
Cost
At 1 April 2015		278,864			278,864
Additions		9,827			9,827
At 31 March 2016		288,691			288,691
Amortisation
At 1 April 2015		60,594			60,594
Charge for the year		22,377			22,377
At 31 March 2016		82,971			82,971
Net book value
At 31 March 2016		£205,720			£205,720
At 31 March 2015		£218,270			£218,270

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1