Mablethorpe Limited - Period Ending 2015-12-31

Mablethorpe Limited - Period Ending 2015-12-31

MABLETHORPE LIMITED - Company Information

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Mablethorpe Limited05460865falsetrue2015-01-012015-12-312015-12-31true054608652015-01-012015-12-31054608652015-12-3105460865uk-bus:OrdinaryShareClass12015-12-3105460865uk-gaap:Subsidiary12015-12-3105460865uk-bus:Director12015-01-012015-12-3105460865uk-bus:OrdinaryShareClass12015-01-012015-12-3105460865uk-gaap:Subsidiary12015-01-012015-12-3105460865uk-gaap:Subsidiary1uk-countries:Spain2015-01-012015-12-31054608652014-12-31054608652014-12-3105460865uk-bus:OrdinaryShareClass12014-12-31iso4217:EURxbrli:purexbrli:shares

Registration number: 05460865

Mablethorpe Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 December 2015

 

Mablethorpe Limited

Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 4

 

Mablethorpe Limited

(Registration number: 05460865)
Abbreviated Balance Sheet as at 31 December 2015

Note

2015
 €

2014
 €

Fixed assets

  

Investments

6,803,533

6,960,896

Current assets

  

Debtors

78,548

78,548

Cash at bank and in hand

  

13,782

9,275

 

92,330

87,823

Creditors: Amounts falling due within one year

(11,338,479)

(11,330,163)

Net current liabilities

  

(11,246,149)

(11,242,340)

Net liabilities

  

(4,442,616)

(4,281,444)

Capital and reserves

  

Called up share capital

3

1,455

1,455

Profit and loss account

(4,444,071)

(4,282,899)

Shareholders' deficit

(4,442,616)

(4,281,444)

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 director on 6 October 2016

.........................................
M. Brooks
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

 

Mablethorpe Limited

Notes to the Abbreviated Accounts

 

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 a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Foreign currency

The company's accounting records are maintained in Euros. Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.

Page 2

 

Mablethorpe Limited

Notes to the Abbreviated Accounts

 

2

Fixed assets

Investments
€

Total
€

Cost

At 1 January 2015

9,417,628

9,417,628

Additions

9,102

9,102

Disposals

(13,337)

(13,337)

At 31 December 2015

9,413,393

9,413,393

Depreciation

At 1 January 2015

2,456,732

2,456,732

Charge for the year

153,128

153,128

At 31 December 2015

2,609,860

2,609,860

Net book value

At 31 December 2015

6,803,533

6,803,533

At 31 December 2014

6,960,896

6,960,896

Page 3

 

Mablethorpe Limited

Notes to the Abbreviated Accounts

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Octapris Investments SL

Spain

Ordinary

100%

Investment holding

The loss for the financial period of Octapris Investments SL was €153,128 and the aggregate amount
of capital and reserves at the end of the period was €4,175,550.

Octapris Investments SL holds more than 20% of the share capital of the following companies:

Daren Motorsport SL - 100% Ordinary Shares
Octapris Sport Management SL - 100% Ordinary Shares
Can Martin Eivissa SL - 28.1% Ordinary Shares

The loss for the financial period of Daren Motorsport SL was €9,149 and the aggregate amount of
capital and reserves at the end of the period was €(271,015).

The loss for the financial period of Octapris Sport Management SL was €15,482 and the aggregate
amount of capital and reserves at the end of the period was €(619,283).

The loss for the financial period of Can Martin Eivissa SL was €935 and the aggregate amount of
capital and reserves at the end of the period was €535,443.
 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014
 

No.

€

No.

€

Ordinary Shares of £1 each

1,000

1,455

1,000

1,455

         

Page 4