Blue Arrow Yachting Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04197225 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

BLUE ARROW YACHTING LIMITED

(FORMERLY CAMPER & NICHOLSONS YACHTING

LIMITED)

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

E M Mattiello

SECRETARY:

Blakelaw Secretaries Limited

REGISTERED OFFICE:

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

REGISTERED NUMBER:

04197225 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Blue Arrow Yachting Limited for the year ended 31st December 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Blue Arrow Yachting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Arrow Yachting Limited and state those matters that we have agreed to state to the director of Blue Arrow Yachting Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Blue Arrow Yachting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blue Arrow Yachting Limited. You consider that Blue Arrow Yachting 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 financial statements of Blue Arrow Yachting 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 financial statements.

Rothman Pantall LLP

Chartered Accountants

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

28th September 2016

CURRENT ASSETS

Stocks

406,450

431,568

Debtors

213,462

225,483

Cash at bank

238

2,513

620,150

659,564

CREDITORS

Amounts falling due within one year

470,864

457,661

NET CURRENT ASSETS

149,286

201,903

TOTAL ASSETS LESS CURRENT LIABILITIES

149,286

201,903

CAPITAL AND RESERVES

Called up share capital

4

250,000

250,000

Profit and loss account

(100,714

)

(48,097

)

SHAREHOLDERS' FUNDS

149,286

201,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28th September 2016 and were signed by:

E M Mattiello - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

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

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

104,274

AMORTISATION

At 1st January 2015

and 31st December 2015

104,274

NET BOOK VALUE

At 31st December 2015

-

At 31st December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2015

and 31st December 2015

756,257

DEPRECIATION

At 1st January 2015

and 31st December 2015

756,257

NET BOOK VALUE

At 31st December 2015

-

At 31st December 2014

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

250,000

Ordinary

1

250,000

250,000

5.	ULTIMATE PARENT COMPANY

Nautor Holding SRL (incorporated in Italy ) is regarded by the director as being the company's ultimate parent

company.

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the Director, S. Lang, invoiced the company £11,508 (2014: £9,395) for consultancy.

At the year end the amount owed to S. Lang totalled £12,435.

7.	GOING CONCERN

The directors consider that on the basis of current financial projections available and the support of the parent

company, there is a reasonable expectation that the company has adequate resources to continue in operational

existence for twelve months from the date of approval and, accordingly, consider it is appropriate to adopt the

going concern basis in preparing the Financial Statements.