Abbreviated Company Accounts - WATERFRONT OVERSEAS LIMITED

WATERFRONT OVERSEAS LIMITED - Company Information

06507402 WATERFRONT OVERSEAS LIMITED 2014-02-28 false 2013-03-01 2014-02-28 true 06507402 2013-03-01 2014-02-28 06507402 2014-02-28 06507402 2013-02-28 06507402 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 06507402 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2013-03-01 2014-02-28 uk-gaap-cd-bus:Director3 2014-02-28 uk-gaap-cd-bus:Director3 2013-02-28 iso4217:GBP shares

Registered Number 06507402

WATERFRONT OVERSEAS LIMITED

Abbreviated Accounts

28 February 2014

WATERFRONT OVERSEAS LIMITED Registered Number 06507402

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,725	3,752
		4,725	3,752
Current assets
Cash at bank and in hand		1,240	128
		1,240	128
Creditors: amounts falling due within one year		(19,501)	(15,645)
Net current assets (liabilities)		(18,261)	(15,517)
Total assets less current liabilities		(13,536)	(11,765)
Total net assets (liabilities)		(13,536)	(11,765)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(13,636)	(11,865)
Shareholders' funds		(13,536)	(11,765)

For the year ending 28 February 2014 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.

Approved by the Board on 16 December 2014

And signed on their behalf by:
MRS D ROBERTSON, Director

WATERFRONT OVERSEAS LIMITED Registered Number 06507402

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting 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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 15% reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 March 2013	4,876
Additions	1,807
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	6,683
Depreciation
At 1 March 2013	1,124
Charge for the year	834
On disposals	-
At 28 February 2014	1,958
Net book values
At 28 February 2014	4,725
At 28 February 2013	3,752

3Transactions with directors

Name of director receiving advance or credit:	Mrs D Robertson
Description of the transaction:	Directors current account
Balance at 1 March 2013:	£ 4,190
Advances or credits made:	£ 3,723
Advances or credits repaid:	-
Balance at 28 February 2014:	£ 7,913

The company was under the control of Mrs D Robertson throughout the current and previous year. Mrs D Robertson owns one hundred per cent of the share capital.

The balance outstanding due to the director at the year end amounted to £7,913 (2013: £4,190).

During the period the company paid commission of £37,455 (2013: £64,484) to Devonhall Commerce Limited. £NIL was outstanding at the balance sheet date.

R Simmons Esq is the managing director and owns fifty per cent of the issued share capital of Devonhall Commerce Limited. Mrs V Simmons owns the remaining fifty per cent issued share capital. R Simmons Esq and Mrs V Simmons are the mother and father of Mrs D Robertson.