The directors present their report and unaudited financial statements for the year ended 28 February 2019. The company is dormant and has not traded during the year.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Port of Cromarty Firth Limited for the year ended 28 February 2019 set out on pages 3 to 4 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of I CAS we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ accountspreparationguidance.
It is your duty to ensure that Port of Cromarty Firth Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Port of Cromarty Firth Limited. You consider that Port of Cromarty Firth Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Port of Cromarty Firth Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Port of Cromarty Firth Limited is a private company limited by shares incorporated in Scotland. The registered office is Port of Cromarty Firth, Port Office, Shore Road, Invergordon, Ross-Shire, IV18 0HD.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
In accordance with the transitional exemption in section 35 of FRS 102, Port of Cromarty Firth Limited has elected to retain its accounting policies for reported assets, liabilities and equity before the date of transition to FRS 102.
The company has not traded during the year or the preceding financial period . During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
The company is controlled by the Cromarty Firth Port Authority.