Abbreviated Company Accounts - OTTER FERRY LAND AND SEA LIMITED

OTTER FERRY LAND AND SEA LIMITED - Company Information

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Registered Number SC063200

OTTER FERRY LAND AND SEA LIMITED

Abbreviated Accounts

31 December 2015

OTTER FERRY LAND AND SEA LIMITED Registered Number SC063200

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	745,026	645,146
		745,026	645,146
Current assets
Debtors		385,683	-
Cash at bank and in hand		724	671
		386,407	671
Creditors: amounts falling due within one year		(6,000)	0
Net current assets (liabilities)		380,407	671
Total assets less current liabilities		1,125,433	645,817
Creditors: amounts falling due after more than one year		(14,166)	0
Total net assets (liabilities)		1,111,267	645,817
Capital and reserves
Called up share capital	3	646,504	721,500
Share premium account		187,833	187,833
Other reserves		197,163	122,167
Profit and loss account		79,767	(385,683)
Shareholders' funds		1,111,267	645,817

For the year ending 31 December 2015 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 30 September 2016

And signed on their behalf by:
A K Barge, Director

OTTER FERRY LAND AND SEA LIMITED Registered Number SC063200

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Valuation information and policy
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Other accounting policies
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).

2Fixed assets Investments
Fixed asset investments:

Cost at 1 January 2015: £980,280
Disposals: (£120)
As at 31 December 2015: £980,160

Depreciation:
As at 1 January 2015 &
31 December 2015: (£235,134)

Net book value:
At 31 December 2015: £745,026

At 31 December 2014: £645,146

The company holds more than 20% of the share capital of the following companies:

Otter Ferry Seafish Ltd (incorporated in Scotland): 100% of ordinary share capital.

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Otter Ferry Seafish Ltd (principal activity - Fish farming): Capital and reserves £259,482; Profit for the year £576,334.

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
421,500 Ordinary shares of £1 each	421,500	421,500
225,004 Convertible shares of £1 each (300,000 shares for 2014)	225,004	300,000