MARINE PENSION SOLUTIONS LTD
Registered number: 12020075
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand - 133
Creditors: amounts falling due within one year 3 (1,496) (1,082)
Net current liabilities (1,496) (949)
Total assets less current liabilities (1,496) (949)
Creditors: amounts falling due after more than one year 4 (50,000) (50,000)
Net liabilities (51,496) (50,949)
Capital and reserves
Called up share capital 100 100
Profit and loss account (51,596) (51,049)
Shareholders' funds (51,496) (50,949)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H. Beaumont
Director
Approved by the board on 15 February 2024
MARINE PENSION SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,496 1,082
4 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 50,000 50,000
5 Other information
MARINE PENSION SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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