Registered number
13563349
Marine Game Ltd
Filleted Accounts
31 August 2023
Marine Game Ltd
Registered number: 13563349
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 900,000 900,000
Current assets
Debtors 4 100 100
Cash at bank and in hand 340 330
440 430
Creditors: amounts falling due within one year 5 (50,004) (50,004)
Net current liabilities (49,564) (49,574)
Total assets less current liabilities 850,436 850,426
Creditors: amounts falling due after more than one year 6 (499,962) (549,966)
Net assets 350,474 300,460
Capital and reserves
Called up share capital 100 100
Profit and loss account 350,374 300,360
Shareholder's funds 350,474 300,460
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
W L Taylor
Director
Approved by the board on 4 April 2024
Marine Game Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2022 900,000
At 31 August 2023 900,000
Historical cost
At 1 September 2022 900,000
At 31 August 2023 900,000
4 Debtors 2023 2022
£ £
Other debtors 100 100
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank and other loans 35,004 35,004
Loan notes 15,000 15,000
50,004 50,004
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank and other loans 244,962 279,966
Loan notes 255,000 270,000
499,962 549,966
7 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 150,000 150,000
Instalments falling due for payment after more than five years 120,000 120,000
270,000 270,000
8 Other information
Marine Game Ltd is a private company limited by shares and incorporated in England. Its registered office is:
SAL Marine Ltd
Mill Lane
Lymington
SO41 9AZ
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