Wandering Star Marine Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05437416 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Wandering Star Marine Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P Berrow

Mr M Berrow

SECRETARY:

Ms S H Paddon

REGISTERED OFFICE:

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

REGISTERED NUMBER:

05437416 (England and Wales)

ACCOUNTANTS:

S&T Accountants Ltd

2 Higher Barn

Higher Woodsford

DORCHESTER

Dorset

DT2 8BT

FIXED ASSETS

Investments

2

28,206

28,206

CURRENT ASSETS

Debtors

3

849,226

849,226

CREDITORS

Amounts falling due within one year

890,706

890,521

NET CURRENT LIABILITIES

(41,480

)

(41,295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,274

)

(13,089

)

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

(13,474

)

(13,289

)

SHAREHOLDERS' FUNDS

(13,274

)

(13,089

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 12 August 2016 and were signed on its behalf by:

Mr M Berrow - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The Company which was invested in by Wandering Star Marine Ltd is currently in Administration. The

Directors are Wandering Star Marine Ltd's only creditors which at the year end totalled £890,706.

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 January 2015).

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2015

and 30 April 2016

28,206

NET BOOK VALUE

At 30 April 2016

28,206

At 30 April 2015

28,206

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 849,226 (30.4.15 - £ 849,226 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

115

Ordinary A

£1

115

115

85

Ordinary B

£1

85

85

200

200

5.	CONTROLLING PARTY

The company is controlled by its two directors P Berrow who has 42.5% and M Berrow who has 57.5% interest.