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REGISTERED NUMBER: NI648543 (Northern Ireland)















CRAWFORDS MARINA LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CRAWFORDS MARINA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr Ronnie Crawford



SECRETARY: Mrs E L Crawford



REGISTERED OFFICE: 1 Derryharney Road
Aghnacarra
LISBELLAW
Co. Fermanagh
BT94 5HW



REGISTERED NUMBER: NI648543 (Northern Ireland)



AUDITORS: McAleer Jackson Ltd
Chartered Accountants & Statutory Auditors
Church House
24 Dublin Road
OMAGH
Co. Tyrone
BT78 1HE



BANKERS: Danske Bank
24 Townhall Street
ENNISKILLEN
Co. Fermanagh
BT74 7BB

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,598,733 1,507,520

CURRENT ASSETS
Stocks 1,222,740 1,131,114
Debtors 5 382,067 640,529
Cash at bank 405,342 409,985
2,010,149 2,181,628
CREDITORS
Amounts falling due within one year 6 33,568 121,119
NET CURRENT ASSETS 1,976,581 2,060,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,575,314

3,568,029

CREDITORS
Amounts falling due after more than one
year

7

3,855,543

3,855,543
NET LIABILITIES (280,229 ) (287,514 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (290,229 ) (297,514 )
(280,229 ) (287,514 )

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 director and authorised for issue on 1 November 2023 and were signed by:





Mr Ronnie Crawford - Director


CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Crawfords Marina Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provisions for impairment.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line
Fixtures and fittings - 10% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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 year 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transactional price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Going concern
The Company finances its working capital and capital expenditure by way of funding provided to it by its parent company, fellow group companies, and its Director. The Company reported a net profit of £7,285 (2021: net loss of £69,683) during the financial year, and reported net liabilities of £280,229 (2021: £287,514). Management have prepared financial projections which indicate the Company will generate sustainable trading profits in the short to medium term.

The Company's ultimate parent has confirmed that the Group companies will continue to provide financial support to the Company for a period of at least one year from the date of the approval of these financial statements. It is on the basis of that continued Group support that the Director concludes that the Company will continue as a going concern, and these financial statements therefore have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 4 ) .

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Land & Plant and and
buildings machinery fittings Totals
£    £    £    £   
COST
At 1 January 2022 1,337,950 190,000 34,177 1,562,127
Additions 848 125,314 - 126,162
At 31 December 2022 1,338,798 315,314 34,177 1,688,289
DEPRECIATION
At 1 January 2022 - 47,500 7,107 54,607
Charge for year - 31,531 3,418 34,949
At 31 December 2022 - 79,031 10,525 89,556
NET BOOK VALUE
At 31 December 2022 1,338,798 236,283 23,652 1,598,733
At 31 December 2021 1,337,950 142,500 27,070 1,507,520

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,927 395,853
Other debtors 378,140 244,676
382,067 640,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 103,829
Taxation and social security - 120
Other creditors 33,568 17,170
33,568 121,119

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 2,331,138 2,331,138
Other creditors 1,524,405 1,524,405
3,855,543 3,855,543

CRAWFORDS MARINA LTD (REGISTERED NUMBER: NI648543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors loan 1,524,405 1,524,405

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Barnett (Senior Statutory Auditor)
for and on behalf of McAleer Jackson Ltd

9. CAPITAL COMMITMENTS

The company had no material capital commitments at the balance sheet date.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of Section 33.1A of FRS102, whereby disclosures need not be given of transactions entered into between members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

11. ULTIMATE CONTROLLING PARTY

Mr R T D Crawford is the ultimate controlling party by virtue of his shareholding in RTD Crawford Holdings Ltd. RTD Crawford Holdings Ltd is the ultimate parent company of the group, of which Crawfords Marina Ltd is a member, for which consolidated financial statements are drawn up.