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COMPANY REGISTRATION NUMBER: SC164379
The Edinburgh Marina Limited
Filleted Unaudited Financial Statements
For the year ended
31 October 2023
The Edinburgh Marina Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Current assets
Cash at bank and in hand
17,707
11,586
Creditors: amounts falling due within one year
5
17,705
11,584
--------
--------
Net current assets
2
2
----
----
Total assets less current liabilities
2
2
----
----
Net assets
2
2
----
----
Capital and reserves
Called up share capital
2
2
----
----
Shareholders funds
2
2
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 February 2024 , and are signed on behalf of the board by:
George C Brown
Director
Company registration number: SC164379
The Edinburgh Marina Limited
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is c/o Royal Forth Yacht Club, Middle Pier, Granton Harbour, Edinburgh, EH5 1HF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income and expenditure
Edinburgh Marina Limited charges no commission on the fees collected on behalf of the Forth Corinthian Yacht Club and Royal Forth Yacht Club, and incurs costs only on behalf of the two clubs. Consequently it has no income, other than bank interest received in respect of the company's bank balance, and no expenditure.
Collections and disbursements account
Edinburgh Marina Limited acts as an agent for the Forth Corinthian Yacht Club and the Royal Forth Yacht Club. Collections of mooring fees and key sales on behalf of the Forth Corinthian Yacht Club and Royal Forth Yacht Club are remitted to the two clubs after deduction of disbursements made on their behalf by Edinburgh Marina Limited. The Forth Corinthian Yacht Club and Royal Forth Yacht Club also recharge to Edinburgh Marina Limited disbursements made directly by the clubs themselves with the exception of dredging costs.
4. Collections and disbursements account
2023
2022
£
£
Mooring fees and key sales
53,630
44,600
Club contribution to repairs
8,000
Less: Expenses
Power and water supplies
(92)
(58)
Repairs and maintenance
(15,601)
(780)
Rent
(33,429)
(27,600)
Accountancy
(570)
(660)
Bank charges
(245)
(92)
Legal
(35)
(35)
Insurance
(4,158)
(3,752)
Miscellaneous expenses
(179)
Administration charges
(1,200)
(1,200)
--------
--------
Excess/(Deficit)
6,121
10,423
--------
--------
Funds to be remitted to/(from)
Forth Corinthian Yacht Club
3,061
5,212
Royal Forth Yacht Club
3,060
5,212
-------
--------
6,121
10,424
-------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
16,565
10,444
Other creditors
1,140
1,140
--------
--------
17,705
11,584
--------
--------
6. Related party transactions
During the year the company collected and disbursed money on behalf of Forth Corinthian Yacht Club and Royal Forth Yacht Club , the shareholders. The amounts collected and disbursed are detailed in Note 4.