Accounts filed on 31-10-2014

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			Company registration number:08338671
			SUPERYACHT NEWBUILDS LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 October 2014

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SUPERYACHT NEWBUILDS LTD
BALANCE SHEET
AS AT 31 October 2014
			2014				2013
		Notes	£		£		£		£
CURRENT ASSETS
Debtors			17,646				100
Cash at bank and in hand			17,698				40,031
			35,344				40,131
CREDITORS
Amounts falling due within one year			(21,346)				(24,219)
NET CURRENT ASSETS					13,998				15,912
TOTAL ASSETS LESS
CURRENT LIABILITIES					13,998				15,912
NET ASSETS					13,998				15,912
CAPITAL AND RESERVES
Called-up equity share capital		2			100				100
Profit and loss account					13,898				15,812
SHAREHOLDERS FUNDS					13,998				15,912
For the year ending 31 October 2014 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 8 December 2014 and signed on its behalf.
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N V Northmore
8 December 2014

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SUPERYACHT NEWBUILDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2014

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.	Share capital				Allotted, issued and fully paid
					2014	2013
					£	£
	Ordinary A shares of £1 each				75	75
	Ordinary B shares of £1 each				25	25
	Total issued share capital				100	100
3.	Transactions with directors
	During the year management charges of £20,000 each were sold to Global Supplies Ltd, Global Services (Europe) Ltd and Global Newbuilds Ltd. R J Gardiner is the director of all these companies. N V Northmore is a director of Global Newbuilds Ltd and Global Services (Europe) Ltd. Total dividends of £57,980 were paid to N V Northmore during the year.
4.	Ultimate controlling party
	The company is controlled by Mr R J Gardiner by virtue of his 75% shareholding.