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REGISTERED NUMBER: 13883775 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 JANUARY 2022 TO 31 MARCH 2023

FOR

AQUAMARINE HOMES LIMITED

AQUAMARINE HOMES LIMITED (REGISTERED NUMBER: 13883775)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 JANUARY 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQUAMARINE HOMES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 JANUARY 2022 TO 31 MARCH 2023







DIRECTORS: N Baker
Mrs M Baker





REGISTERED OFFICE: Charlton House
Dour Street
Dover
Kent
CT16 1BL





REGISTERED NUMBER: 13883775 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

AQUAMARINE HOMES LIMITED (REGISTERED NUMBER: 13883775)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Investment property 4 975,435

CURRENT ASSETS
Cash at bank 60,515

CREDITORS
Amounts falling due within one year 5 363,840
NET CURRENT LIABILITIES (303,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

672,110

CREDITORS
Amounts falling due after more than one
year

6

697,501
NET LIABILITIES (25,391 )

CAPITAL AND RESERVES
Called up share capital 8 2
Retained earnings (25,393 )
SHAREHOLDERS' FUNDS (25,391 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




N Baker - Director


AQUAMARINE HOMES LIMITED (REGISTERED NUMBER: 13883775)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 JANUARY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Aquamarine Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

AQUAMARINE HOMES LIMITED (REGISTERED NUMBER: 13883775)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 JANUARY 2022 TO 31 MARCH 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 975,435
At 31 March 2023 975,435
NET BOOK VALUE
At 31 March 2023 975,435

The investment property was valued at the year end by the directors using open market conditions at the year end.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 45,672
Directors' current accounts 318,168
363,840

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans more 5 yrs non-inst 697,501

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 697,501

7. SECURED DEBTS

The bank loans are secured by means of legal mortgage and fixed charges over the investment properties held by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary 1 2

9. RELATED PARTY DISCLOSURES

At 31 March 2023, the company owed the directors £318,168. The company also owed £36,372 to Broadway Estates, a partnership owned by the directors.

10. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support of the directors.