Ventus Yacht Charter Limited
for the Year Ended 31 March 2020
Registration number:
Ventus Yacht Charter Limited
Contents
Statement of financial position |
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Notes to the Unaudited Financial Statements |
Ventus Yacht Charter Limited
(Registration number: 11887047)
Statement of financial position as at 31 March 2020
Note |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
2 |
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Profit and loss account |
(7,663) |
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Shareholders' deficit |
(7,661) |
For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income statement has been taken.
Ventus Yacht Charter Limited
(Registration number: 11887047)
Statement of financial position as at 31 March 2020
Approved and authorised by the
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Ventus Yacht Charter Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Commercial yacht |
5% Staight line |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Ventus Yacht Charter Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Ventus Yacht Charter Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Tangible assets |
Commercial Yacht |
Total |
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Cost or valuation |
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Additions |
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At 31 March 2020 |
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Depreciation |
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Charge for the year |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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Debtors |
2020 |
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Other debtors |
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Ventus Yacht Charter Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020
Creditors |
Creditors: amounts falling due within one year
2020 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2020 |
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No. |
£ |
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2 |