Company registration number 13607662 (England and Wales)
EGE MARINE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
EGE MARINE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
EGE MARINE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,247,946
3,247,946
Current assets
Cash at bank and in hand
100
100
Net current assets
100
100
Total assets less current liabilities
3,248,046
3,248,046
Creditors: amounts falling due after more than one year
5
(3,247,946)
(3,247,946)
Net assets
100
100
Capital and reserves
-
-
Called up share capital
100
100

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 February 2024
Erik David Ephrati
Director
Company Registration No. 13607662
EGE MARINE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 2 -
1
Accounting policies
Company information

EGE Marine Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 195a Kenton Road, Kenton, Middlesex, HA3 0HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor yacht
- not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

EGE MARINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 and 30 September 2023
3,247,946
Depreciation and impairment
At 1 October 2022 and 30 September 2023
-
0
Carrying amount
At 30 September 2023
3,247,946
At 30 September 2022
3,247,946
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
3,247,946
3,247,946
2023-09-302022-10-01false19 February 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityErik David Ephrati136076622022-10-012023-09-30136076622023-09-30136076622022-09-3013607662core:OtherPropertyPlantEquipment2023-09-3013607662core:OtherPropertyPlantEquipment2022-09-3013607662core:Non-currentFinancialInstrumentscore:AfterOneYear2023-09-3013607662core:Non-currentFinancialInstrumentscore:AfterOneYear2022-09-3013607662core:ShareCapital2023-09-3013607662core:ShareCapital2022-09-3013607662bus:Director12022-10-012023-09-3013607662core:PlantMachinery2022-10-012023-09-30136076622021-09-072022-09-3013607662core:OtherPropertyPlantEquipment2022-09-3013607662core:Non-currentFinancialInstruments2023-09-3013607662core:Non-currentFinancialInstruments2022-09-3013607662bus:PrivateLimitedCompanyLtd2022-10-012023-09-3013607662bus:SmallCompaniesRegimeForAccounts2022-10-012023-09-3013607662bus:FRS1022022-10-012023-09-3013607662bus:AuditExemptWithAccountantsReport2022-10-012023-09-3013607662bus:FullAccounts2022-10-012023-09-30xbrli:purexbrli:sharesiso4217:GBP