REGISTERED NUMBER: 03488636 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

Aqua Leisure International Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

K A Palmer

R T G Currie

REGISTERED OFFICE:

Unit 8 & 9

Jayes Park Courtyard

Ockley

Dorking

Surrey

RH5 5RR

REGISTERED NUMBER:

03488636 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

13,929

635,635

13,929

635,635

CURRENT ASSETS

Debtors

383,926

207,769

Cash at bank and in hand

246,236

63,985

630,162

271,754

CREDITORS

Amounts falling due within one year

4

476,188

504,379

NET CURRENT ASSETS/(LIABILITIES)

153,974

(232,625

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,903

403,010

CREDITORS

Amounts falling due after more than one year

4

-

265,376

NET ASSETS

167,903

137,634

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

167,803

137,534

SHAREHOLDERS' FUNDS

167,903

137,634

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 August 2016 and were signed on its behalf by:

K A Palmer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis.

The Directors have prepared detailed forecasts and cashflow projections which they believe are based

upon reasonable assumptions. These forecasts show that the Company should be able to operate

within its current facilities for the foreseeable future and thus the Directors consider it appropriate to

prepare the financial on a statements going concern basis.

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).

Turnover

Turnover reflects the contract activity during the year and reflects the fair value of the contract work

completed. The attributable profit on contracts is recognised as contracts progress. Full provision is

made for losses in the year in which the loss is first foreseen.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

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

Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Development expenditure is written off in the same year unless the directors are satisfied as to the

technical, commercial and financial viability of individual projects. In this situation, the expenditure is

deferred and amortised over the period from which the company is expected to benefit.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

40,879

AMORTISATION

At 1 January 2015

and 31 December 2015

40,879

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,192,284

Disposals

(764,217

)

At 31 December 2015

428,067

DEPRECIATION

At 1 January 2015

556,649

Charge for year

1,399

Eliminated on disposal

(143,910

)

At 31 December 2015

414,138

NET BOOK VALUE

At 31 December 2015

13,929

At 31 December 2014

635,635

4.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 330,628 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

-

76,975

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

The company is wholly owned by OSH Development Services Limited, a company incorporated in

England.