107 Marina Company Limited 03110197 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Administration of the freehold of 107 Marina Court, St Leonards on Sea Digita Accounts Production Advanced 6.30.9574.0 true true 03110197 2022-10-01 2023-09-30 03110197 2023-09-30 03110197 core:RetainedEarningsAccumulatedLosses 2023-09-30 03110197 core:ShareCapital 2023-09-30 03110197 core:CurrentFinancialInstruments 2023-09-30 03110197 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03110197 bus:SmallEntities 2022-10-01 2023-09-30 03110197 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03110197 bus:FullAccounts 2022-10-01 2023-09-30 03110197 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 03110197 bus:RegisteredOffice 2022-10-01 2023-09-30 03110197 bus:Director1 2022-10-01 2023-09-30 03110197 bus:Director2 2022-10-01 2023-09-30 03110197 bus:Director4 2022-10-01 2023-09-30 03110197 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03110197 countries:EnglandWales 2022-10-01 2023-09-30 03110197 2021-10-01 2022-09-30 03110197 2022-09-30 03110197 core:RetainedEarningsAccumulatedLosses 2022-09-30 03110197 core:ShareCapital 2022-09-30 03110197 core:CurrentFinancialInstruments 2022-09-30 03110197 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 03110197

107 Marina Company Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

107 Marina Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

107 Marina Company Limited

Company Information

Directors

Miss Karen Leah Hahnel

Ms Octavia Sarah Lisa Landy

Mr John Barrie Suddons

Registered office

Flat 2
107 Marina
St Leonards on Sea
East Sussex
TN38 0BP

Accountants

Manningtons
7 Wellington Square
Hastings
East Sussex
TN34 1PD

 

107 Marina Company Limited

(Registration number: 03110197)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

15,601

2,269

Cash at bank and in hand

 

15,999

5,254

 

31,600

7,523

Creditors: Amounts falling due within one year

5

(26,252)

(1,884)

Net assets

 

5,348

5,639

Capital and reserves

 

Called up share capital

5

5

Retained earnings

5,343

5,634

Shareholders' funds

 

5,348

5,639

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
Miss Karen Leah Hahnel
Director

 

107 Marina Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Flat 2
107 Marina
St Leonards on Sea
East Sussex
TN38 0BP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

107 Marina Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

2023
£

2022
£

Trade debtors

15,596

2,264

Director loan account

5

5

15,601

2,269

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,743

1,884

Other creditors

24,509

-

26,252

1,884