Company Registration No. 07680078 (England and Wales)
Marina Bay Investments Limited
Unaudited accounts
for the year ended 31 December 2021
Marina Bay Investments Limited
Unaudited accounts
Contents
Marina Bay Investments Limited
Statement of financial position
as at 31 December 2021
Tangible assets
106,837
120,148
Investment property
1,124,787
1,124,787
Cash at bank and in hand
59,097
62,214
Creditors: amounts falling due within one year
(24,362)
(24,298)
Net current assets
34,452
37,094
Total assets less current liabilities
1,266,076
1,282,029
Creditors: amounts falling due after more than one year
(1,204,668)
(1,190,189)
Provisions for liabilities
Deferred tax
(20,185)
(17,635)
Called up share capital
100
100
Profit and loss account
41,123
74,105
Shareholders' funds
41,223
74,205
For the year ending 31 December 2021 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2022 and were signed on its behalf by
Mr I Dowling
Director
Company Registration No. 07680078
Marina Bay Investments Limited
Notes to the Accounts
for the year ended 31 December 2021
Marina Bay Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07680078. The registered office is Upper Woodston, Newnham Bridge, Tenbury Wells, WR15 8NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Other tangible fixed assets
10% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2021
229,001
79,108
20,280
328,389
At 31 December 2021
229,001
79,108
20,280
328,389
At 1 January 2021
134,773
56,783
16,685
208,241
Charge for the year
9,423
3,349
539
13,311
At 31 December 2021
144,196
60,132
17,224
221,552
At 31 December 2021
84,805
18,976
3,056
106,837
At 31 December 2020
94,228
22,325
3,595
120,148
Fair value at 1 January 2021
1,124,787
At 31 December 2021
1,124,787
Marina Bay Investments Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
406
Deferred income
8,862
8,862
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
535,556
562,495
Other creditors
669,112
627,694
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).