Registered Number 04756619

NAVATA MARITIME LIMITED

Abbreviated Accounts

30 November 2016

NAVATA MARITIME LIMITED Registered Number 04756619

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
Fixed assets
Tangible assets 2 200,000 233,333
200,000 233,333
Creditors: amounts falling due within one year (265,254 ) (265,254 )
Net current assets (liabilities) (265,254 ) (265,254 )
Total assets less current liabilities (65,254 ) (31,921 )
Total net assets (liabilities) (65,254 ) (31,921 )
Capital and reserves
Called up share capital 3 1,412 1,412
Profit and loss account (66,666 ) (33,333 )
Shareholders' funds (65,254 ) (31,921 )

  • For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 August 2017

And signed on their behalf by:
LEONARDOS,Panayiotis, Director

NAVATA MARITIME LIMITED Registered Number 04756619

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2 Tangible fixed assets
Cost
At 1 December 2015 266,667
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 266,667
Depreciation
At 1 December 2015 33,334
Charge for the year 33,333
On disposals -
At 30 November 2016 66,667
Net book values
At 30 November 2016 200,000
At 30 November 2015 233,333

Prior Year Adjustment
The company acquired a yacht on the 22 May 2003 which was not recorded in the books
and records along with the associated depreciation charge
in the Financial Years ended from the 01.06.2014 to 30.11.2016.
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 yacht and the
recording of the associated depreciation charge.

3 Called Up Share Capital
Allotted, called up and fully paid:
2016
2015
1,000 Ordinary shares of €1.412 each 1,412 1,412

The exchange rate 1.41223 which was used to convert the Share Capital from GBP to EURO was taken from
Oanda.com at historical rate, Date: 07 May 2003.