Fota Island Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06183743 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Fota Island Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K Walsh

SECRETARY:

Ms S Carter

REGISTERED OFFICE:

Mallards, Bridge Street

Louth

Lincolnshire

LN11 0DR

REGISTERED NUMBER:

06183743 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

1200 Century Way

Thorpe Park Business Park

Colton

Leeds

LS15 8ZA

BANKERS:

Cater Allen Private Bank

9 Nelson Street

Bradford

BD1 5AN

FIXED ASSETS

Tangible assets

4

2,565

1,411

Investments

5

180,215

192,891

182,780

194,302

CURRENT ASSETS

Debtors

6

15,310

18,588

Cash at bank and in hand

91,578

60,715

106,888

79,303

CREDITORS

Amounts falling due within one year

7

29,631

22,702

NET CURRENT ASSETS

77,257

56,601

TOTAL ASSETS LESS CURRENT LIABILITIES

260,037

250,903

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

259,937

250,803

SHAREHOLDERS' FUNDS

260,037

250,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 19 November 2018 and were signed by:

K Walsh - Director

1.	STATUTORY INFORMATION

Fota Island Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

9,930

Additions

2,249

At 31 March 2018

12,179

DEPRECIATION

At 1 April 2017

8,519

Charge for year

1,095

At 31 March 2018

9,614

NET BOOK VALUE

At 31 March 2018

2,565

At 31 March 2017

1,411

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2017

192,891

Additions

13,988

Revaluations

(26,664

)

At 31 March 2018

180,215

NET BOOK VALUE

At 31 March 2018

180,215

At 31 March 2017

192,891

Cost or valuation at 31 March 2018 is represented by:

Other

investments

£

Valuation in 2016

179,643

Valuation in 2017

13,248

Valuation in 2018

(12,676

)

180,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

15,310

18,588

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

(1

)

-

Tax

22,555

15,117

Social security and other taxes

(74

)

(69

)

VAT

7,021

4,267

Deferred Tax

-

3,387

Directors' current accounts

130

-

29,631

22,702