Performance Yacht Racing Limited - Accounts to registrar (filleted) - small 17.3

Performance Yacht Racing Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 08565581 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

PERFORMANCE YACHT RACING LIMITED

PERFORMANCE YACHT RACING LIMITED (BY SHARES) (REGISTERED NUMBER: 08565581)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2 to 3


PERFORMANCE YACHT RACING LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: A G Middleton
C J Reynolds





REGISTERED OFFICE: Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ





REGISTERED NUMBER: 08565581 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

PERFORMANCE YACHT RACING LIMITED (BY SHARES) (REGISTERED NUMBER: 08565581)

BALANCE SHEET
31 MARCH 2017

2017 2016
£    £    £    £   
FIXED ASSETS 193,329 57,157

CURRENT ASSETS 86,920 47,749

CREDITORS
Amounts falling due within one year (143,167 ) (54,135 )
NET CURRENT LIABILITIES (56,247 ) (6,386 )
TOTAL ASSETS LESS CURRENT LIABILITIES 137,082 50,771

CREDITORS
Amounts falling due after more than one
year

(96,000

)

-

ACCRUALS AND DEFERRED INCOME (38,676 ) (48,878 )
NET ASSETS 2,406 1,893

CAPITAL AND RESERVES 2,406 1,893

NOTE TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 .




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

PERFORMANCE YACHT RACING LIMITED (BY SHARES) (REGISTERED NUMBER: 08565581)

BALANCE SHEET - continued
31 MARCH 2017


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

The financial statements were approved by the Board of Directors on 26 January 2018 and were signed on its behalf by:





A G Middleton - Director