Stormeyseas Ltd - Abbreviated accounts

Stormeyseas Ltd - Abbreviated accounts


Registered number
09641427
Stormeyseas Ltd
Abbreviated Accounts
30 June 2016
Stormeyseas Ltd
Registered number: 09641427
Abbreviated Balance Sheet
as at 30 June 2016
Notes 2016
£
Current assets
Debtors 2 8,588
Investments held as current assets 1,722,096
Cash at bank and in hand 20,000
1,750,684
Creditors: amounts falling due within one year (5,875)
Net current assets 1,744,809
Total assets less current liabilities 1,744,809
Creditors: amounts falling due after more than one year (1,624,900)
Provisions for liabilities (16,654)
Net assets 103,255
Capital and reserves
Called up share capital 3 100
Profit and loss account 103,155
Shareholders' funds 103,255
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Gilles Storme
Director
Approved by the board on 16 March 2017
Stormeyseas Ltd
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Debtors 2016
£
Debtors include:
Amounts due after more than one year -
3 Share capital Nominal 2016 2016
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100
100
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