Croyde Bay Management Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02610346 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CROYDE BAY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M J Saltmarsh

SECRETARY:

Mr D R Jones

REGISTERED OFFICE:

Croyde Bay Holidays

Moor Lane

Croyde

BRAUNTON

Devon

EX33 1NZ

REGISTERED NUMBER:

02610346 (England and Wales)

AUDITORS:

Stevens & Willey Limited

Registered Auditors

Chartered Certified Accountants

Grenville House

9 Boutport Street

Barnstaple

Devon

EX31 1TZ

CURRENT ASSETS

Debtors

4

18,085

13,436

Cash at bank and in hand

2,829

17,915

20,914

31,351

CREDITORS

Amounts falling due within one year

5

83,901

92,013

NET CURRENT LIABILITIES

(62,987

)

(60,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(62,987

)

(60,662

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(62,989

)

(60,664

)

SHAREHOLDERS' FUNDS

(62,987

)

(60,662

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 25 September 2017 and were signed by:

Mr M J Saltmarsh - Director

1.	STATUTORY INFORMATION

Croyde Bay Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoices, excluding value added tax.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Going concern

The company balance sheets at the end of each year are in deficit. The director has indicated that he

will continue to support the company during the forthcoming financial year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

13,774

8,272

Other debtors

4,311

5,164

18,085

13,436

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

36,305

38,140

Taxation and social security

2,517

4,745

Other creditors

45,079

49,128

83,901

92,013

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emphasis of matter

In forming our opinion on the financial statements, which is not modified, we have considered an

uncertainty which exists in relation to going concern over the next 12 months from the date of this

report which we draw to users' attention. The company's balance sheet deficit at 31 December 2016

combined with a continuing reliance on financing provided by the director indicates some

uncertainty in the company's ability to continue as a going concern. Provided the company can work

within its current level of available finance over the next twelve months, the going concern risk

should be manageable by the director. The director acknowledges this risk in his report. Notes to the

financial statements also draw attention to the director's assurances regarding the company's ability

to continue trading for the foreseeable future.

Mrs H L Mansford BA (Hons), FCCA, FCA (Senior Statutory Auditor)

for and on behalf of Stevens & Willey Limited

7.	RELATED PARTY DISCLOSURES

Under an agreement with the co-owners, Mrs A W Saltmarsh received management commission of

£29,685 (2015: £32,362) and paid £13,372 (2015: £10,600) for management fees for unsold weeks.

At the balance sheet date, £14,221 (2015: £17,108) was payable to Mrs A W Saltmarsh.

The controlling party is Mrs A W Saltmarsh.

8.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and

submit returns to the tax authorities and assist with the preparation of the financial statements.

9.	GOING CONCERN

The company balance sheets at the end of each year are in deficit. The director has indicated that he

will continue to support the company during the forthcoming financial year.

10.	FIRST YEAR ADOPTION - FRS 102 1A

No transitional adjustments are required.