Seal Harbor Associates Limited,Ltd - AccountsLtd - Accounts

Seal Harbor Associates Limited,Ltd - AccountsLtd - Accounts

SEAL HARBOR ASSOCIATES LIMITED - Company Information

Print Friendly Version

2016-01-01 04304689 2016-12-31 04304689 2016-01-01 2016-12-31 04304689 2015-12-31 04304689 2015-01-01 2015-12-31 04304689 uk-core:WithinOneYear 2015-12-31 04304689 uk-core:WithinOneYear 2016-12-31 04304689 uk-core:ShareCapital 2016-12-31 04304689 uk-core:ShareCapital 2015-12-31 04304689 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 04304689 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 04304689 uk-bus:Director1 2016-01-01 2016-12-31 04304689 uk-core:FurnitureFittings 2016-01-01 2016-12-31 04304689 uk-core:ComputerEquipment 2016-01-01 2016-12-31 04304689 uk-core:FurnitureFittings 2015-12-31 04304689 uk-core:ComputerEquipment 2015-12-31 04304689 uk-core:ComputerEquipment 2016-12-31 04304689 uk-core:FurnitureFittings 2016-12-31 iso4217:GBP 04304689 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 04304689 uk-bus:FRS102 2016-01-01 2016-12-31 04304689 uk-bus:FullAccounts 2016-01-01 2016-12-31 04304689 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
Seal Harbor Associates Limited
Registered Number:04304689
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
As at 31 December 2016
Seal Harbor Associates Limited
Statement of Financial Position
Registered Number :
04304689
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
930
4,452
2
930
4,452
Current assets
Trade and other receivables
2,494
1,486
3
8,772
Cash and cash equivalents
10,122
11,608
11,266
Trade and other payables: amounts falling due within one
year
(9,389)
(20,663)
4
1,877
(9,055)
Net current liabilities
Total assets less current liabilities
(8,125)
6,329
(8,125)
Net assets/liabilities
6,329
Capital and reserves
Called up share capital
1
1
Retained earnings
(8,126)
6,328
(8,125)
6,329
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Ms Sarah Bond Director
These financial statements were approved and authorised for issue by the Board on 29 September 2017 and were signed by:
The notes form part of these financial statements
1 of 3
3
For the year ended 31 December 2016
Seal Harbor Associates Limited
Notes to the Financial Statements
Statutory Information
Seal Harbor Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04304689.
Principal place of business:
1 The Old Orangery
Ottershaw Park
Ottershaw, Surrey
KT16 0QG
Registered address:
82 Wandsworth Bridge Road
London
SW6 2TF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 % Reducing balance
Computer Equipment
25 % Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
2 of 3
4
For the year ended 31 December 2016
Seal Harbor Associates Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 January 2016
27,713
11,635
16,078
(9,982)
(16,078)
Disposals
(26,060)
At 31 December 2016
-
1,653
1,653
Provision for depreciation and impairment
At 01 January 2016
23,261
9,572
13,689
Charge for year
310
310
-
(22,848)
(9,159)
(13,689)
On disposal
At 31 December 2016
723
723
-
At 31 December 2016
Net book value
-
930
930
At 31 December 2015
2,389
2,063
4,452
3. Trade and other receivables
2015
2016
£
£
Trade debtors
-
1,008
Other debtors
1,486
1,486
2,494
1,486
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Taxation and social security
740
406
Other creditors
19,923
8,983
20,663
9,389
5. Transition to FRS 102
This is the first financial year that the Company has presented its financial statements in accordance with FRS 102
Section1A "The Financial Reporting Framework Applicable in the UK and Republic of Ireland' ('FRS 102'). For
financial years up to and including the year ended 30 September 2015, the Company prepared its financial
statements in accordance with Financial Reporting Standard for micro entities (FRS 105). The Company's date of
transition to FRS 102 is therefore 1 October 2014. This note sets out any changes to accounting policies and
transitional adjustments that are required for first time transition to FRS 102. There are no changes to the accounting
policies nor balances relating to the financial year ending 30 September 2015 as a result of this transition.
3 of 3