Svinnur UK Limited - Period Ending 2016-11-30

Registration number: 07667363

Svinnur UK Limited

Unaudited Abbreviated Accounts

FOR THE Year Ended 30 November 2016
 

Svinnur UK Limited
Contents

			Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Svinnur UK Limited
(Registration number: 07667363)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Investments					26,998			22,006
Current assets
Debtors					263,347			267,070
Cash at bank and in hand					33,870			32,470
					297,217			299,540
Creditors: Amounts falling due within one year					(31,891)			(78,050)
Net current assets					265,326			221,490
Total assets less current liabilities					292,324			243,496
Creditors: Amounts falling due after more than one year					(485,896)			(388,990)
Net liabilities					(193,572)			(145,494)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(193,672)			(145,594)
Shareholders' deficit					(193,572)			(145,494)

For the year ending 30 November 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 30 August 2017 and signed on its behalf by:

.........................................
I Gardarsson
Director

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

Svinnur UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

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 group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis. The director considers this basis
to be appropriate as action will been taken by the director to cover the debts in the company.

Fixed asset investments

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 2

Svinnur UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Investments £			Total £
Cost
At 1 December 2015		22,006			22,006
Additions		4,992			4,992
At 30 November 2016		26,998			26,998
Depreciation
At 30 November 2016		-			-
Net book value
At 30 November 2016		26,998			26,998
At 30 November 2015		22,006			22,006

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
Green Gyrp ApS	Iceland	Ordinary Shares	100%	Hire of a Gyrocopter
JHS Fish Limited	England	Ordinary Shares	100%	Filleting and sale of fish
JHS Export Limited	England	Ordinary Shares	100%	Dormant
JHS Equipment Limited	England	Ordinary Shares	100%	Dormant
Associates
Caribou Greenland ApS	Iceland	Ordinary Shares	33%	Farming of reindeer
Aalasoq Food Procesing ApS	Iceland	Ordinary Shares	50%	Farming of reindeer

Page 3

Svinnur UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		-			65,924

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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