Micro-entity Accounts - MANANA YACHTS LIMITED

MANANA YACHTS LIMITED - Company Information

05382072 MANANA YACHTS LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 05382072 2016-04-01 2017-03-31 05382072 2017-03-31 05382072 2016-03-31 05382072 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 05382072 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 05382072 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:EUR shares

Registered Number 05382072

MANANA YACHTS LIMITED

Micro-entity Accounts

31 March 2017

MANANA YACHTS LIMITED Registered Number 05382072

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		€	€
Fixed assets
Tangible assets	1	237,500	250,000
		237,500	250,000
Creditors: amounts falling due within one year		(354,794)	(354,794)
Net current assets (liabilities)		(354,794)	(354,794)
Total assets less current liabilities		(117,294)	(104,794)
Total net assets (liabilities)		(117,294)	(104,794)
Capital and reserves
Called up share capital	2	1,456	1,456
Profit and loss account		(118,750)	(106,250)
Shareholders' funds		(117,294)	(104,794)

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 December 2017

And signed on their behalf by:
THEODOTOU, Ifigeneia, Director

MANANA YACHTS LIMITED Registered Number 05382072

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets

	€
Cost
At 1 April 2016	287,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	287,500
Depreciation
At 1 April 2016	37,500
Charge for the year	12,500
On disposals	-
At 31 March 2017	50,000
Net book values
At 31 March 2017	237,500
At 31 March 2016	250,000

Prior Year Adjustment
The impairment loss was not recognized or recorded in the books and records in the Financial Years
ended 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 2016
comparative numbers to recognize the impairment loss of the yacht.

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 €	2016 €
1,000 Ordinary shares of €1.45632 each	1,456	1,456

The exchange rate 1.45632 which was used to convert the Share Capital from GBP to EUR was taken from
Oanda.com at historical rate, Date: 3 March 2005.

3Accounting 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.