Registered Number 04743932
OCEANTRACK LIMITED
Abbreviated Accounts
31 October 2016
Notes | 2016 | 2015 | |
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€ | € | ||
Fixed assets | |||
Tangible assets | 2 |
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|
|
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Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
€ | |
---|---|
Cost | |
At 1 November 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 October 2016 |
|
Depreciation | |
At 1 November 2015 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2016 |
|
Net book values | |
At 31 October 2016 | 936,500 |
At 31 October 2015 | 1,000,970 |
The company acquired three (3) yachts on the 01 January 1997,
at 23 November 2010 and 22 November 2010 which were not recorded in the books
and records along with the associated depreciation charge
in the Financial Years ended from the 01.05.2014 to 31.10.2016.
Under UK GAAP a prior year adjustment is made for a change in
accounting policy or for a fundamental error.
A fundamental error is defined by FRS 3 as an error of such significance as to destroy
the true and fair view of the Financial Statements.
The Prior year error was considered to be fundamental and was corrected by retrospective
restatement of the 2015 comparative numbers to address the acquisition of the yachts and the
recording of the associated depreciation charge.
2016
€ |
2015
€ |
|
---|---|---|
Secured Debts |
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