Company Registration No. 3929604 (England and Wales)
DATCHET WATERSPORTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
PAGES FOR FILING WITH REGISTRAR
DATCHET WATERSPORTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DATCHET WATERSPORTS LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2020
31 October 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,330
28,330
Current assets
Debtors
4
948
948
Cash at bank and in hand
5,630
5,630
6,578
6,578
Creditors: amounts falling due within one year
5
(14,584)
(14,584)
Net current liabilities
(8,006)
(8,006)
Total assets less current liabilities
20,324
20,324
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
20,322
20,322
Total equity
20,324
20,324
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 October 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 July 2021 and are signed on its behalf by:
Mr P A Outram
Director
Company Registration No. 3929604
DATCHET WATERSPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
- 2 -
1
Accounting policies
Company information
Datchet Watersports Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Mill House, Boundary Road, Loudwater, High Wycombe, Buckinghamshire, United Kingdom, HP10 9QN.
1.1
Accounting convention
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
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.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
10% Straight line
Fixtures and fittings
33% Straight line
Motor vehicles
20% Striaght line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
2
Employees
2020
2019
Number
Number
Total
1
DATCHET WATERSPORTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2020
- 3 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2019 and 31 October 2020
219,166
11,781
11,005
241,952
Depreciation and impairment
At 1 November 2019 and 31 October 2020
190,836
11,781
11,005
213,622
Carrying amount
At 31 October 2020
28,330
28,330
At 31 October 2019
28,330
28,330
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Other debtors
948
948
5
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
800
800
Other creditors
13,784
13,784
14,584
14,584