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REGISTERED NUMBER: 09119109 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2023

for

NYA Moorings Limited

NYA Moorings Limited (Registered number: 09119109)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


NYA Moorings Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J H Fraser





REGISTERED OFFICE: Brundall Bay Marina
Brundall
Norwich
Norfolk
NR13 5PN





REGISTERED NUMBER: 09119109 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG

NYA Moorings Limited (Registered number: 09119109)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,154,575 1,154,575

CURRENT ASSETS
Debtors 5 18,232 16,919
Cash at bank 184,892 172,354
203,124 189,273
CREDITORS
Amounts falling due within one year 6 238,063 241,682
NET CURRENT LIABILITIES (34,939 ) (52,409 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,119,636 1,102,166

CREDITORS
Amounts falling due after more than one year 7 (517,315 ) (549,400 )

PROVISIONS FOR LIABILITIES 9 (70,446 ) (53,539 )
NET ASSETS 531,875 499,227

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 211,340 228,247
Retained earnings 319,535 269,980
SHAREHOLDERS' FUNDS 531,875 499,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

NYA Moorings Limited (Registered number: 09119109)

Balance Sheet - continued
30 April 2023


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 20 October 2023 and were signed by:





J H Fraser - Director


NYA Moorings Limited (Registered number: 09119109)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

NYA Moorings 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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - no depreciation is provided on land

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

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.


NYA Moorings Limited (Registered number: 09119109)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2022
and 30 April 2023 1,154,575
NET BOOK VALUE
At 30 April 2023 1,154,575
At 30 April 2022 1,154,575

Cost or valuation at 30 April 2023 is represented by:

Land and
buildings
£   
Valuation in 2021 281,786
Cost 872,789
1,154,575

NYA Moorings Limited (Registered number: 09119109)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

If land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 872,789 872,789

Value of land in freehold land and buildings 872,789 872,789

Land and buildings were valued on an open market basis on 30 April 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,769 16,456
Other debtors 463 463
18,232 16,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,000 35,000
Trade creditors 3,383 246
Amounts owed to group undertakings 118,812 116,977
Taxation and social security 11,997 14,699
Other creditors 68,871 74,760
238,063 241,682

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 517,315 549,400

NYA Moorings Limited (Registered number: 09119109)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 552,315 584,400

The secured debts are covered by a fixed charge over the company's freehold property. A cross guarantee and debenture between the company and Norfolk Yacht Agency Ltd has also been given in respect of the company's borrowings. In addition, the director has given a personal guarantee as security for the company's borrowings.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 70,446 53,539

Deferred
tax
£   
Balance at 1 May 2022 53,539
Provided during year 16,907
Balance at 30 April 2023 70,446

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RESERVES
Revaluation
reserve
£   
At 1 May 2022 228,247
Revaluation reserve (16,907 )

At 30 April 2023 211,340

NYA Moorings Limited (Registered number: 09119109)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

12. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

Norfolk Yacht Agency Limited is the company's ultimate parent company.
Norfolk Yacht Agency Limited's registered office and principal place of business address is Brundall Bay Marina, Brundall, Norwich, Norfolk, NR13 5PN.
The ultimate controlling party is J H Fraser.