MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Company Registration Number:
10278017 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Company Information

for the Period Ended 31 July 2024




Director: M Aston
M Flannery
M Holmes
T Skelsey
R Plummer
S N Woodward
Secretary: S N Woodward
Registered office: Seaholme
Marine View Close
Egypt Hill
Cowes
Isle Of Wight
England
PO31 8BP
Company Registration Number: 10278017 (England and Wales)

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

The Company acts as a management company for the common parts of a residential development known as Marine View Close.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
M Aston
M Flannery
M Holmes
T Skelsey
R Plummer
S N Woodward

Secretary
S N Woodward

This report was approved by the board of directors on 5 August 2024
And Signed On Behalf Of The Board By:

Name: M Aston
Status: Director

Name: S N Woodward
Status: Director

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Turnover 826 765
Gross Profit or (Loss) 826 765
Administrative Expenses ( 826 ) ( 765 )
Operating Profit or (Loss) 0 0
Profit or (Loss) Before Tax 0 0
Profit or (Loss) for Period 0 0

The notes form part of these financial statements

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 11 11
Total fixed assets: 11 11
Current assets
Debtors: 5 30 127
Cash at bank and in hand: 203 73
Total current assets: 233 200
Creditors: amounts falling due within one year: 6 ( 233 ) ( 200 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 11 11
Total net assets (liabilities): 11 11

The notes form part of these financial statements

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 11 11
Shareholders funds: 11 11

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

This report was approved by the board of directors on 5 August 2024
And Signed On Behalf Of The Board By:

Name: M Aston
Status: Director

Name: S N Woodward
Status: Director

The notes form part of these financial statements

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises service charges to residents of Marine View Close and related properties.
    Income received in advance is deferred and released in the period to which it relates. Where income is due but un-invoiced, it is accrued.


    Tangible fixed assets depreciation policy

    Tangible fixed assets comprise freehold land which is not depreciated.

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

    The Company does not employ any staff.

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 August 2023 11 11
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 11 11
Depreciation
At 01 August 2023 0 0
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2024 0 0
Net book value
At 31 July 2024 11 11
At 31 July 2023 11 11

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors


2024
£

2023
£
Prepayments and accrued income 30 127
Total 30 127

MARINE VIEW CLOSE MANAGEMENT COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Accruals and deferred income 233 200
Total 233 200