Abbreviated Company Accounts - MARINEROSE LIMITED

MARINEROSE LIMITED - Company Information

08458001 MARINEROSE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08458001 2015-04-01 2016-03-31 08458001 2016-03-31 08458001 2015-03-31 08458001 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08458001 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:EUR shares

Registered Number 08458001

MARINEROSE LIMITED

Abbreviated Accounts

31 March 2016

MARINEROSE LIMITED Registered Number 08458001

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		€	€
Fixed assets
Tangible assets	2	560,000	595,000
		560,000	595,000
Creditors: amounts falling due within one year	3	(632,016)	(630,422)
Net current assets (liabilities)		(632,016)	(630,422)
Total assets less current liabilities		(72,016)	(35,422)
Total net assets (liabilities)		(72,016)	(35,422)
Capital and reserves
Called up share capital	4	1,172	1,172
Profit and loss account		(73,188)	(36,594)
Shareholders' funds		(72,016)	(35,422)

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 29 November 2016

And signed on their behalf by:
FENCHURCH MARINE SERVICES LIMITED, Director

MARINEROSE LIMITED Registered Number 08458001

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 April 2008.

2Tangible fixed assets

	€
Cost
At 1 April 2015	595,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	595,000
Depreciation
At 1 April 2015	-
Charge for the year	35,000
On disposals	-
At 31 March 2016	35,000
Net book values
At 31 March 2016	560,000
At 31 March 2015	595,000

The company acquired a yacht on the 08 May 2013 which was not recorded in the books
and records along with the associated depreciation charge
in the Financial Years ended from the 22.03.2013 to 31.03.2016.
Under UK GAAP a prior year adjustment is made for a change in
accounting policy or for a fundamental error.
A fundamental error is defined by FRS 3 as an error of such significance as to destroy
the true and fair view of the Financial Statements.
The Prior year error was considered to be fundamental and was corrected by retrospective
restatement of the 2013 comparative numbers to address the acquisition of the yacht and the
recording of the associated depreciation charge.

3Creditors

	2016 €	2015 €
Secured Debts	632,016	630,422

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 €	2015 €
1,000 Ordinary shares of €1.17152 each	1,172	1,172

The exchange rate 1.17152 which was used to convert the Share Capital from GBP to EURO was taken from
Oanda.com at historical rate, Date: 22 March 2013.